Colony Group LLC Increases Stake in Philip Morris International Inc. (NYSE:PM)

Colony Group LLC grew its position in shares of Philip Morris International Inc. (NYSE:PM) by 3.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 71,166 shares of the company’s stock after buying an additional 2,262 shares during the quarter. Colony Group LLC’s holdings in Philip Morris International were worth $5,404,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. Dupont Capital Management Corp grew its stake in shares of Philip Morris International by 39.3% during the 2nd quarter. Dupont Capital Management Corp now owns 194,221 shares of the company’s stock worth $15,252,000 after purchasing an additional 54,796 shares during the period. Los Angeles Capital Management & Equity Research Inc. grew its stake in Philip Morris International by 11.5% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 558,230 shares of the company’s stock valued at $43,838,000 after acquiring an additional 57,445 shares during the last quarter. First Trust Advisors LP grew its stake in Philip Morris International by 10.9% in the 3rd quarter. First Trust Advisors LP now owns 1,766,825 shares of the company’s stock valued at $134,155,000 after acquiring an additional 173,113 shares during the last quarter. MUFG Americas Holdings Corp grew its stake in Philip Morris International by 6.1% in the 3rd quarter. MUFG Americas Holdings Corp now owns 168,225 shares of the company’s stock valued at $12,774,000 after acquiring an additional 9,645 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its stake in Philip Morris International by 0.5% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 62,230 shares of the company’s stock valued at $4,725,000 after acquiring an additional 310 shares during the last quarter. Institutional investors own 73.12% of the company’s stock.

A number of equities research analysts recently commented on PM shares. ValuEngine cut shares of Philip Morris International from a “hold” rating to a “sell” rating in a research note on Monday. Stifel Nicolaus reissued a “buy” rating on shares of Philip Morris International in a research note on Tuesday, October 15th. Bank of America raised shares of Philip Morris International from a “neutral” rating to a “buy” rating and set a $96.00 price objective on the stock in a research note on Tuesday, October 1st. JPMorgan Chase & Co. set a $86.00 price objective on shares of Philip Morris International and gave the company a “neutral” rating in a research note on Wednesday, August 28th. Finally, Cowen reissued a “hold” rating on shares of Philip Morris International in a research note on Thursday, September 12th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $92.27.

NYSE:PM opened at $82.48 on Thursday. The firm has a market cap of $128.16 billion, a price-to-earnings ratio of 16.17, a price-to-earnings-growth ratio of 2.01 and a beta of 1.00. The company’s 50-day moving average is $81.82 and its two-hundred day moving average is $80.23. Philip Morris International Inc. has a 12-month low of $64.67 and a 12-month high of $92.74.

Philip Morris International (NYSE:PM) last released its earnings results on Thursday, October 17th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.08. The company had revenue of $7.64 billion for the quarter, compared to analyst estimates of $7.65 billion. Philip Morris International had a net margin of 9.59% and a negative return on equity of 82.33%. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.44 EPS. As a group, equities analysts predict that Philip Morris International Inc. will post 5.22 earnings per share for the current year.

About Philip Morris International

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

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