Homrich & Berg Has $1.10 Million Stake in Philip Morris International Inc. (NYSE:PM)

Homrich & Berg trimmed its holdings in Philip Morris International Inc. (NYSE:PM) by 10.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,525 shares of the company’s stock after selling 1,765 shares during the period. Homrich & Berg’s holdings in Philip Morris International were worth $1,103,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PM. Titan Capital Management LLC CA bought a new position in Philip Morris International during the 2nd quarter worth $30,000. Strategic Blueprint LLC bought a new position in Philip Morris International during the 3rd quarter worth $30,000. River & Mercantile Asset Management LLP bought a new position in Philip Morris International during the 2nd quarter worth $32,000. Manchester Financial Inc. bought a new position in Philip Morris International during the 2nd quarter worth $36,000. Finally, Brand Asset Management Group Inc. increased its stake in Philip Morris International by 34.9% during the 2nd quarter. Brand Asset Management Group Inc. now owns 472 shares of the company’s stock worth $37,000 after acquiring an additional 122 shares during the period. 74.29% of the stock is owned by institutional investors.

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. set a $86.00 price target on Philip Morris International and gave the company a “neutral” rating in a research note on Wednesday, August 28th. Stifel Nicolaus reiterated a “buy” rating on shares of Philip Morris International in a research note on Tuesday, October 15th. Bank of America upgraded Philip Morris International from a “neutral” rating to a “buy” rating and set a $96.00 price target on the stock in a research note on Tuesday, October 1st. Credit Suisse Group set a $80.00 price target on Philip Morris International and gave the company a “sell” rating in a research note on Wednesday, August 28th. Finally, Barclays raised Philip Morris International from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $82.00 to $100.00 in a report on Friday, July 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $92.27.

Shares of NYSE PM traded up $0.08 during mid-day trading on Wednesday, hitting $84.54. 2,111,200 shares of the stock traded hands, compared to its average volume of 5,830,518. Philip Morris International Inc. has a twelve month low of $64.67 and a twelve month high of $92.74. The company has a market cap of $130.29 billion, a PE ratio of 16.58, a price-to-earnings-growth ratio of 2.03 and a beta of 1.00. The firm has a 50 day simple moving average of $79.55 and a two-hundred day simple moving average of $80.33.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, October 17th. The company reported $1.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.08. Philip Morris International had a negative return on equity of 82.33% and a net margin of 9.59%. The company had revenue of $7.64 billion for the quarter, compared to the consensus estimate of $7.65 billion. During the same quarter last year, the business posted $1.44 EPS. Philip Morris International’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, equities analysts anticipate that Philip Morris International Inc. will post 5.24 EPS for the current year.

Philip Morris International Company Profile

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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