Benjamin F. Edwards & Company Inc. Has $1.16 Million Position in Philip Morris International Inc. (PM)

Benjamin F. Edwards & Company Inc. cut its stake in shares of Philip Morris International Inc. (NYSE:PM) by 14.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,381 shares of the company’s stock after selling 2,930 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Philip Morris International were worth $1,160,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Philip Morris International by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 118,890,424 shares of the company’s stock valued at $9,694,325,000 after purchasing an additional 1,516,211 shares during the period. Vanguard Group Inc lifted its stake in shares of Philip Morris International by 1.3% in the 3rd quarter. Vanguard Group Inc now owns 118,890,424 shares of the company’s stock valued at $9,694,325,000 after purchasing an additional 1,516,211 shares during the period. Capital Research Global Investors lifted its stake in shares of Philip Morris International by 11.0% in the 3rd quarter. Capital Research Global Investors now owns 46,383,194 shares of the company’s stock valued at $3,782,086,000 after purchasing an additional 4,613,349 shares during the period. Capital International Investors lifted its stake in shares of Philip Morris International by 325.0% in the 3rd quarter. Capital International Investors now owns 33,897,955 shares of the company’s stock valued at $2,764,039,000 after purchasing an additional 25,922,397 shares during the period. Finally, Morgan Stanley lifted its stake in shares of Philip Morris International by 5.0% in the 3rd quarter. Morgan Stanley now owns 23,865,004 shares of the company’s stock valued at $1,945,952,000 after purchasing an additional 1,126,960 shares during the period. Institutional investors and hedge funds own 73.17% of the company’s stock.

PM has been the subject of a number of research analyst reports. Credit Suisse Group cut Philip Morris International from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $92.00 to $74.00 in a research note on Tuesday, December 18th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $110.00 price objective (down previously from $111.25) on shares of Philip Morris International in a research report on Friday, December 28th. Societe Generale set a $95.00 price objective on Philip Morris International and gave the company a “hold” rating in a research report on Monday, October 22nd. ValuEngine lowered Philip Morris International from a “hold” rating to a “sell” rating in a research report on Monday, December 31st. Finally, Morgan Stanley reduced their price objective on Philip Morris International from $102.00 to $80.00 and set an “overweight” rating for the company in a research report on Tuesday, January 8th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. Philip Morris International presently has an average rating of “Hold” and a consensus target price of $91.25.

In other Philip Morris International news, Director Louis C. Camilleri sold 59,495 shares of Philip Morris International stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $86.98, for a total value of $5,174,875.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.22% of the stock is currently owned by company insiders.

PM stock opened at $81.30 on Thursday. Philip Morris International Inc. has a twelve month low of $64.67 and a twelve month high of $109.90. The company has a market cap of $123.15 billion, a P/E ratio of 15.94, a P/E/G ratio of 1.70 and a beta of 0.91.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Thursday, February 7th. The company reported $1.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.09. Philip Morris International had a negative return on equity of 76.82% and a net margin of 9.90%. The company had revenue of $7.50 billion during the quarter, compared to analyst estimates of $7.46 billion. During the same quarter last year, the company earned $1.32 EPS. The firm’s revenue for the quarter was down 9.6% on a year-over-year basis. On average, equities analysts forecast that Philip Morris International Inc. will post 5.38 earnings per share for the current year.

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Philip Morris International Company 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.

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

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