Pinnacle Advisory Group Inc. Trims Position in Philip Morris International Inc. (PM)

Pinnacle Advisory Group Inc. lowered its stake in shares of Philip Morris International Inc. (NYSE:PM) by 19.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,519 shares of the company’s stock after selling 8,734 shares during the quarter. Pinnacle Advisory Group Inc.’s holdings in Philip Morris International were worth $3,753,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of PM. Granite Investment Advisors LLC bought a new position in Philip Morris International during the second quarter worth about $313,000. First Capital Advisors Group LLC. boosted its position in Philip Morris International by 0.3% during the second quarter. First Capital Advisors Group LLC. now owns 3,490 shares of the company’s stock worth $410,000 after purchasing an additional 12 shares during the period. Teacher Retirement System of Texas boosted its position in Philip Morris International by 14.8% during the second quarter. Teacher Retirement System of Texas now owns 1,484,026 shares of the company’s stock worth $174,299,000 after purchasing an additional 190,803 shares during the period. Cumberland Partners Ltd boosted its position in Philip Morris International by 462.7% during the second quarter. Cumberland Partners Ltd now owns 186,120 shares of the company’s stock worth $21,860,000 after purchasing an additional 153,045 shares during the period. Finally, Rhumbline Advisers boosted its position in Philip Morris International by 0.7% during the second quarter. Rhumbline Advisers now owns 2,407,949 shares of the company’s stock worth $282,814,000 after purchasing an additional 16,338 shares during the period. Hedge funds and other institutional investors own 72.31% of the company’s stock.

A number of brokerages have weighed in on PM. Bank of America cut their target price on shares of Philip Morris International from $115.00 to $113.00 and set a “neutral” rating for the company in a research report on Friday, February 9th. Piper Jaffray Companies reiterated a “buy” rating and set a $126.00 target price on shares of Philip Morris International in a research report on Thursday, February 8th. Morgan Stanley increased their price target on shares of Philip Morris International from $120.00 to $123.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. Zacks Investment Research raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd. Finally, Jefferies Group raised shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $124.00 price target on the stock in a report on Friday, January 19th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $123.79.

Shares of Philip Morris International Inc. (NYSE:PM) opened at $104.31 on Monday. Philip Morris International Inc. has a fifty-two week low of $96.66 and a fifty-two week high of $123.55. The stock has a market cap of $162,010.00, a PE ratio of 26.88, a PEG ratio of 1.96 and a beta of 0.85. The company has a debt-to-equity ratio of -3.06, a current ratio of 1.35 and a quick ratio of 0.68.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, February 8th. The company reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.04). The firm had revenue of $8.29 billion for the quarter, compared to analysts’ expectations of $8.17 billion. The company’s quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.10 earnings per share. research analysts predict that Philip Morris International Inc. will post 5.27 EPS for the current year.

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Philip Morris International Profile

Philip Morris International Inc is a holding company. The Company is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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