Caz Investments LP Trims Stake in Philip Morris International Inc (PM)

Caz Investments LP trimmed its stake in shares of Philip Morris International Inc (NYSE:PM) by 19.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,290 shares of the company’s stock after selling 2,920 shares during the period. Philip Morris International makes up about 1.2% of Caz Investments LP’s investment portfolio, making the stock its 10th biggest position. Caz Investments LP’s holdings in Philip Morris International were worth $1,443,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in PM. Guidant Wealth Advisors lifted its holdings in Philip Morris International by 25.5% in the second quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock valued at $110,000 after buying an additional 191 shares during the period. American Beacon Advisors Inc. acquired a new position in Philip Morris International in the first quarter valued at approximately $114,000. Acropolis Investment Management LLC lifted its holdings in Philip Morris International by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock valued at $123,000 after buying an additional 5 shares during the period. BDO Wealth Advisors LLC acquired a new position in Philip Morris International in the second quarter valued at approximately $178,000. Finally, Burt Wealth Advisors lifted its holdings in Philip Morris International by 33.0% in the second quarter. Burt Wealth Advisors now owns 1,613 shares of the company’s stock valued at $189,000 after buying an additional 400 shares during the period. Institutional investors own 72.22% of the company’s stock.

Shares of Philip Morris International Inc (PM) opened at $102.72 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 0.68 and a debt-to-equity ratio of -2.91. Philip Morris International Inc has a 12-month low of $86.78 and a 12-month high of $123.55. The stock has a market cap of $160,772.03, a price-to-earnings ratio of 23.05, a PEG ratio of 2.09 and a beta of 0.91.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, October 19th. The company reported $1.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.38 by ($0.11). Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. The company had revenue of $7.50 billion for the quarter, compared to the consensus estimate of $7.75 billion. During the same period in the prior year, the company earned $1.25 EPS. The firm’s revenue was up 7.4% on a year-over-year basis. research analysts expect that Philip Morris International Inc will post 4.76 EPS for the current fiscal year.

In other news, insider Drago Azinovic sold 14,000 shares of the stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $116.00, for a total transaction of $1,624,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Louis C. Camilleri sold 108,979 shares of the stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $108.38, for a total transaction of $11,811,144.02. The disclosure for this sale can be found here. 0.23% of the stock is owned by corporate insiders.

Several brokerages recently weighed in on PM. Zacks Investment Research lowered shares of Philip Morris International from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. Piper Jaffray Companies set a $134.00 price objective on shares of Philip Morris International and gave the company a “buy” rating in a report on Saturday, August 19th. Goldman Sachs Group, Inc. (The) upgraded shares of Philip Morris International from a “buy” rating to a “conviction-buy” rating and set a $135.00 price objective on the stock in a report on Thursday, September 28th. SBG Securities upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and increased their price objective for the company from $118.00 to $119.00 in a report on Friday, August 11th. Finally, BidaskClub upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $124.62.

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Philip Morris International 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.

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

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