Trexquant Investment LP decreased its stake in Philip Morris International Inc. (NYSE:PM) by 72.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,627 shares of the company’s stock after selling 79,204 shares during the period. Trexquant Investment LP’s holdings in Philip Morris International were worth $2,235,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in PM. BlackRock Inc. grew its holdings in Philip Morris International by 2.3% during the first quarter. BlackRock Inc. now owns 96,880,168 shares of the company’s stock worth $7,068,378,000 after purchasing an additional 2,144,926 shares during the period. Capital World Investors grew its holdings in Philip Morris International by 25.6% during the fourth quarter. Capital World Investors now owns 73,389,553 shares of the company’s stock worth $6,244,717,000 after purchasing an additional 14,952,837 shares during the period. Capital Research Global Investors grew its holdings in Philip Morris International by 2.0% during the fourth quarter. Capital Research Global Investors now owns 39,525,390 shares of the company’s stock worth $3,363,216,000 after purchasing an additional 793,836 shares during the period. Capital International Investors grew its holdings in Philip Morris International by 2.5% during the fourth quarter. Capital International Investors now owns 36,680,609 shares of the company’s stock worth $3,121,153,000 after purchasing an additional 879,917 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Philip Morris International by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 25,787,931 shares of the company’s stock worth $2,190,636,000 after purchasing an additional 722,472 shares during the period. Institutional investors own 74.02% of the company’s stock.
Philip Morris International stock opened at $70.45 on Friday. The firm’s fifty day moving average price is $73.12 and its 200-day moving average price is $80.74. The stock has a market cap of $109.78 billion, a P/E ratio of 14.32, a price-to-earnings-growth ratio of 2.15 and a beta of 0.79. Philip Morris International Inc. has a fifty-two week low of $56.01 and a fifty-two week high of $90.17.
Philip Morris International (NYSE:PM) last issued its earnings results on Tuesday, April 21st. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.08. Philip Morris International had a net margin of 9.75% and a negative return on equity of 84.38%. The company had revenue of $7.15 billion for the quarter, compared to analysts’ expectations of $6.87 billion. During the same quarter last year, the company earned $1.09 EPS. The firm’s revenue was up 6.0% compared to the same quarter last year. On average, equities research analysts forecast that Philip Morris International Inc. will post 4.95 EPS for the current year.
A number of equities analysts recently commented on the company. Zacks Investment Research cut Philip Morris International from a “hold” rating to a “sell” rating and set a $74.00 price target for the company. in a report on Wednesday, May 13th. ValuEngine upgraded Philip Morris International from a “sell” rating to a “hold” rating in a report on Tuesday, February 25th. Morgan Stanley reduced their price objective on Philip Morris International from $99.00 to $93.00 and set an “overweight” rating for the company in a report on Wednesday, March 18th. Cfra boosted their price objective on Philip Morris International from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Finally, Cowen upgraded Philip Morris International from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $90.00 to $102.00 in a report on Thursday, February 13th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $91.14.
In other news, insider Marc S. Firestone sold 22,000 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $86.27, for a total transaction of $1,897,940.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.22% of the company’s stock.
Philip Morris International Profile
Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.
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