Philip Morris International Inc (NYSE:PM) Shares Bought by Nomura Holdings Inc.

Nomura Holdings Inc. boosted its stake in Philip Morris International Inc (NYSE:PM) by 146.7% during the first quarter, according to its most recent filing with the SEC. The fund owned 25,083 shares of the company’s stock after buying an additional 78,808 shares during the period. Nomura Holdings Inc.’s holdings in Philip Morris International were worth $2,832,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Philip Morris International during the fourth quarter valued at about $106,000. Gradient Investments LLC boosted its position in shares of Philip Morris International by 76.1% in the first quarter. Gradient Investments LLC now owns 986 shares of the company’s stock valued at $111,000 after buying an additional 426 shares during the period. Welch Investments LLC purchased a new position in shares of Philip Morris International during the first quarter valued at about $113,000. Acropolis Investment Management LLC purchased a new position in shares of Philip Morris International during the first quarter valued at about $117,000. Finally, Gemmer Asset Management LLC boosted its position in shares of Philip Morris International by 40.6% in the first quarter. Gemmer Asset Management LLC now owns 1,115 shares of the company’s stock valued at $126,000 after buying an additional 322 shares during the period. Hedge funds and other institutional investors own 72.45% of the company’s stock.

Shares of Philip Morris International Inc (NYSE PM) traded up 0.58% during midday trading on Friday, reaching $114.88. The company’s stock had a trading volume of 2,653,779 shares. Philip Morris International Inc has a 52-week low of $86.78 and a 52-week high of $123.55. The company has a market capitalization of $178.43 billion, a price-to-earnings ratio of 25.46 and a beta of 0.93. The stock has a 50 day moving average price of $117.56 and a 200-day moving average price of $112.93.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, July 20th. The company reported $1.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by $0.09. The company had revenue of $6.92 billion during the quarter, compared to analyst estimates of $7.11 billion. Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. Philip Morris International’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.15 EPS. Equities research analysts expect that Philip Morris International Inc will post $4.83 EPS for the current year.

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PM has been the topic of several research analyst reports. TheStreet upgraded Philip Morris International from a “c+” rating to a “b-” rating in a research note on Thursday, July 20th. Stifel Nicolaus restated a “buy” rating and set a $118.00 price objective on shares of Philip Morris International in a research note on Sunday, April 23rd. BidaskClub cut Philip Morris International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Vetr upgraded Philip Morris International from a “strong sell” rating to a “buy” rating and set a $128.00 price objective on the stock in a research note on Monday, June 26th. Finally, Zacks Investment Research upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $132.00 price objective on the stock in a research note on Tuesday, July 11th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $122.00.

Philip Morris International Company Profile

Philip Morris International Inc is a holding company. The Company is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada.

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

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