P.A.W. Capital Corp grew its stake in shares of Philip Morris International Inc. (NYSE:PM) by 14.3% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 8,000 shares of the company’s stock after acquiring an additional 1,000 shares during the quarter. P.A.W. Capital Corp’s holdings in Philip Morris International were worth $646,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Optimum Investment Advisors bought a new position in Philip Morris International in the first quarter valued at about $100,000. Cordasco Financial Network increased its stake in shares of Philip Morris International by 214.1% in the second quarter. Cordasco Financial Network now owns 1,357 shares of the company’s stock valued at $110,000 after buying an additional 925 shares during the period. Aristotle Capital Management LLC acquired a new stake in shares of Philip Morris International in the first quarter valued at about $119,000. BerganKDV Wealth Management LLC acquired a new stake in shares of Philip Morris International in the second quarter valued at about $123,000. Finally, Wolverine Asset Management LLC acquired a new stake in shares of Philip Morris International in the fourth quarter valued at about $126,000. Hedge funds and other institutional investors own 72.24% of the company’s stock.
Several research firms recently commented on PM. ValuEngine raised Philip Morris International from a “strong sell” rating to a “sell” rating in a research note on Monday, July 30th. Stifel Nicolaus decreased their target price on Philip Morris International from $100.00 to $93.00 and set a “buy” rating for the company in a research note on Friday, July 20th. JPMorgan Chase & Co. cut Philip Morris International from an “overweight” rating to a “neutral” rating in a research note on Friday, July 20th. Jefferies Financial Group reaffirmed a “buy” rating and set a $93.00 target price on shares of Philip Morris International in a research note on Friday, July 13th. Finally, Societe Generale cut Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, July 23rd. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $104.55.
In related news, Director Jennifer Li bought 40,000 shares of the company’s stock in a transaction dated Monday, May 14th. The shares were bought at an average price of $81.30 per share, for a total transaction of $3,252,000.00. Following the completion of the acquisition, the director now directly owns 47,323 shares of the company’s stock, valued at $3,847,359.90. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.22% of the stock is owned by company insiders.
Philip Morris International traded down $1.84, reaching $82.56, during mid-day trading on Friday, Marketbeat reports. The stock had a trading volume of 5,087,701 shares, compared to its average volume of 5,965,815. The company has a debt-to-equity ratio of -2.76, a quick ratio of 0.64 and a current ratio of 1.15. Philip Morris International Inc. has a fifty-two week low of $76.21 and a fifty-two week high of $119.43. The stock has a market capitalization of $131.20 billion, a PE ratio of 16.91, a price-to-earnings-growth ratio of 1.80 and a beta of 0.90.
Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, July 19th. The company reported $1.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.18. Philip Morris International had a negative return on equity of 76.67% and a net margin of 7.84%. The company had revenue of $7.73 billion for the quarter, compared to analyst estimates of $7.53 billion. During the same quarter last year, the company earned $1.14 earnings per share. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. research analysts forecast that Philip Morris International Inc. will post 5.06 EPS for the current year.
Philip Morris International Profile
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.
See Also: Penny Stocks, What You Need To Know
Receive News & Ratings for Philip Morris International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International and related companies with MarketBeat.com's FREE daily email newsletter.