Philip Morris International Inc. (PM) Shares Bought by Grandfield & Dodd LLC

Grandfield & Dodd LLC grew its stake in Philip Morris International Inc. (NYSE:PM) by 1.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,704 shares of the company’s stock after purchasing an additional 143 shares during the quarter. Grandfield & Dodd LLC’s holdings in Philip Morris International were worth $946,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in PM. Oregon Public Employees Retirement Fund grew its position in shares of Philip Morris International by 6,541.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 11,319,091 shares of the company’s stock valued at $170,000 after purchasing an additional 11,148,661 shares during the period. BlackRock Inc. grew its position in shares of Philip Morris International by 5.1% in the fourth quarter. BlackRock Inc. now owns 95,049,723 shares of the company’s stock valued at $6,345,520,000 after purchasing an additional 4,576,645 shares during the period. Deutsche Bank AG grew its position in shares of Philip Morris International by 50.5% in the fourth quarter. Deutsche Bank AG now owns 11,054,233 shares of the company’s stock valued at $737,970,000 after purchasing an additional 3,710,763 shares during the period. Two Sigma Advisers LP grew its position in shares of Philip Morris International by 168.1% in the fourth quarter. Two Sigma Advisers LP now owns 3,936,832 shares of the company’s stock valued at $262,823,000 after purchasing an additional 2,468,400 shares during the period. Finally, Flossbach Von Storch AG grew its position in shares of Philip Morris International by 15.3% in the fourth quarter. Flossbach Von Storch AG now owns 18,204,516 shares of the company’s stock valued at $1,215,333,000 after purchasing an additional 2,419,260 shares during the period. Institutional investors and hedge funds own 73.18% of the company’s stock.

PM opened at $85.34 on Thursday. The stock has a market cap of $130.22 billion, a P/E ratio of 16.73, a price-to-earnings-growth ratio of 2.10 and a beta of 0.93. Philip Morris International Inc. has a twelve month low of $64.67 and a twelve month high of $92.74.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, April 18th. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.10. The firm had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.76 billion. Philip Morris International had a net margin of 9.74% and a negative return on equity of 78.74%. Philip Morris International’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.00 earnings per share. Analysts anticipate that Philip Morris International Inc. will post 5.23 EPS for the current fiscal year.

In other Philip Morris International news, CEO Andre Calantzopoulos sold 50,000 shares of Philip Morris International stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $84.76, for a total transaction of $4,238,000.00. Following the transaction, the chief executive officer now directly owns 844,901 shares of the company’s stock, valued at $71,613,808.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Louis C. Camilleri sold 70,000 shares of Philip Morris International stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $83.54, for a total transaction of $5,847,800.00. The disclosure for this sale can be found here. Insiders have sold 121,200 shares of company stock worth $10,186,984 over the last ninety days. 0.21% of the stock is owned by insiders.

PM has been the topic of several research analyst reports. ValuEngine upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. UBS Group upgraded shares of Philip Morris International from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $86.00 to $101.00 in a research report on Wednesday, February 27th. Jefferies Financial Group restated a “hold” rating and set a $80.00 price target on shares of Philip Morris International in a research report on Sunday, February 10th. Piper Jaffray Companies set a $100.00 price target on shares of Philip Morris International and gave the stock a “buy” rating in a research report on Friday, February 8th. Finally, Societe Generale upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Tuesday, May 7th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. Philip Morris International has an average rating of “Hold” and an average target price of $91.85.

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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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