MCF Advisors LLC Grows Stock Holdings in Philip Morris International Inc. (NYSE:PM)

MCF Advisors LLC raised its stake in Philip Morris International Inc. (NYSE:PM) by 6.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 3,285 shares of the company’s stock after acquiring an additional 186 shares during the quarter. MCF Advisors LLC’s holdings in Philip Morris International were worth $336,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of PM. Gilbert & Cook Inc. raised its position in shares of Philip Morris International by 3.8% during the 4th quarter. Gilbert & Cook Inc. now owns 10,946 shares of the company’s stock worth $1,030,000 after buying an additional 404 shares in the last quarter. Fisher Asset Management LLC lifted its stake in Philip Morris International by 64.6% during the fourth quarter. Fisher Asset Management LLC now owns 19,910 shares of the company’s stock valued at $1,873,000 after purchasing an additional 7,815 shares during the last quarter. Principal Securities Inc. bought a new stake in shares of Philip Morris International during the 4th quarter worth $4,760,000. Kovitz Investment Group Partners LLC raised its holdings in Philip Morris International by 0.8% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 1,489,282 shares of the company’s stock worth $140,112,000 after buying an additional 12,335 shares during the period. Finally, Foyston Gordon & Payne Inc lifted its position in shares of Philip Morris International by 5.4% in the 4th quarter. Foyston Gordon & Payne Inc now owns 210,508 shares of the company’s stock valued at $19,805,000 after acquiring an additional 10,788 shares in the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on PM. Stifel Nicolaus increased their price target on shares of Philip Morris International from $120.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday. Barclays boosted their target price on Philip Morris International from $110.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, August 14th. StockNews.com upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft raised their price objective on Philip Morris International from $116.00 to $118.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Philip Morris International from $110.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $113.70.

Insider Activity

In related news, insider Wilde Frederic De sold 20,000 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $113.01, for a total transaction of $2,260,200.00. Following the transaction, the insider now owns 158,447 shares in the company, valued at approximately $17,906,095.47. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Philip Morris International news, insider Massimo Andolina sold 9,000 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $115.35, for a total value of $1,038,150.00. Following the transaction, the insider now directly owns 85,629 shares in the company, valued at approximately $9,877,305.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Wilde Frederic De sold 20,000 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $113.01, for a total value of $2,260,200.00. Following the sale, the insider now owns 158,447 shares of the company’s stock, valued at approximately $17,906,095.47. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

Philip Morris International Trading Down 1.1 %

Shares of Philip Morris International stock opened at $125.18 on Friday. The stock has a market capitalization of $194.60 billion, a price-to-earnings ratio of 24.45, a P/E/G ratio of 2.41 and a beta of 0.55. The firm’s 50-day moving average price is $113.38 and its two-hundred day moving average price is $101.98. Philip Morris International Inc. has a 1-year low of $87.23 and a 1-year high of $127.45.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.02. Philip Morris International had a negative return on equity of 113.32% and a net margin of 9.41%. The business had revenue of $9.47 billion for the quarter, compared to analyst estimates of $9.19 billion. During the same period in the prior year, the company earned $1.60 EPS. Philip Morris International’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, equities research analysts predict that Philip Morris International Inc. will post 6.45 EPS for the current year.

Philip Morris International Company Profile

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.