Thompson Siegel & Walmsley LLC Decreases Holdings in Philip Morris International (PM)

Thompson Siegel & Walmsley LLC reduced its stake in Philip Morris International (NYSE:PM) by 4.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,265 shares of the company’s stock after selling 1,790 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Philip Morris International were worth $4,201,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in PM. AGF Investments America Inc. grew its holdings in shares of Philip Morris International by 1.2% during the third quarter. AGF Investments America Inc. now owns 44,160 shares of the company’s stock worth $4,902,000 after purchasing an additional 544 shares during the last quarter. Great West Life Assurance Co. Can grew its holdings in shares of Philip Morris International by 0.6% during the third quarter. Great West Life Assurance Co. Can now owns 1,767,044 shares of the company’s stock worth $197,095,000 after purchasing an additional 9,909 shares during the last quarter. Jackson Wealth Management LLC grew its holdings in shares of Philip Morris International by 4.1% during the third quarter. Jackson Wealth Management LLC now owns 19,719 shares of the company’s stock worth $2,271,000 after purchasing an additional 768 shares during the last quarter. Fernwood Investment Management LLC grew its holdings in shares of Philip Morris International by 2.0% during the third quarter. Fernwood Investment Management LLC now owns 27,042 shares of the company’s stock worth $3,002,000 after buying an additional 519 shares during the last quarter. Finally, Hosking Partners LLP grew its holdings in shares of Philip Morris International by 0.7% during the third quarter. Hosking Partners LLP now owns 132,943 shares of the company’s stock worth $14,758,000 after buying an additional 897 shares during the last quarter. Institutional investors and hedge funds own 72.34% of the company’s stock.

Shares of PM opened at $80.75 on Monday. Philip Morris International has a twelve month low of $79.40 and a twelve month high of $123.55. The company has a market capitalization of $125.52 billion, a price-to-earnings ratio of 16.38, a price-to-earnings-growth ratio of 1.59 and a beta of 0.88. The company has a debt-to-equity ratio of -2.82, a quick ratio of 0.68 and a current ratio of 1.16.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, April 19th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.12. Philip Morris International had a net margin of 7.50% and a negative return on equity of 72.40%. The company had revenue of $6.90 billion during the quarter, compared to the consensus estimate of $7.03 billion. During the same period last year, the firm earned $0.98 EPS. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. analysts expect that Philip Morris International will post 5.23 EPS for the current year.

In related news, insider Miroslaw Zielinski acquired 6,000 shares of the business’s stock in a transaction that occurred on Friday, April 27th. The stock was purchased at an average cost of $81.56 per share, for a total transaction of $489,360.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Marc S. Firestone sold 13,650 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $104.63, for a total value of $1,428,199.50. Following the transaction, the insider now owns 189,199 shares of the company’s stock, valued at $19,795,891.37. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 49,000 shares of company stock valued at $3,989,640 and have sold 162,650 shares valued at $14,713,540. 0.22% of the stock is currently owned by company insiders.

A number of equities analysts recently issued reports on PM shares. Goldman Sachs lowered Philip Morris International from a “conviction-buy” rating to a “buy” rating in a report on Friday, April 20th. Stifel Nicolaus lowered their price target on Philip Morris International from $125.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, April 20th. Cowen reissued a “buy” rating and set a $105.00 price target on shares of Philip Morris International in a report on Friday, April 20th. Piper Jaffray Companies reissued a “buy” rating and set a $126.00 price target on shares of Philip Morris International in a report on Thursday, February 8th. Finally, Citigroup raised Philip Morris International from a “neutral” rating to a “buy” rating and set a $125.00 price target on the stock in a report on Wednesday, February 28th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $116.86.

About Philip Morris International

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, Philip Morris, Merit, Virginia S., Muratti, and Next.

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

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