Philip Morris International Inc (PM) Position Held by Garde Capital Inc.

Garde Capital Inc. continued to hold its position in Philip Morris International Inc (NYSE:PM) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,379 shares of the company’s stock at the end of the third quarter. Garde Capital Inc.’s holdings in Philip Morris International were worth $427,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in PM. Fundsmith LLP increased its position in Philip Morris International by 11.6% in the second quarter. Fundsmith LLP now owns 4,367,647 shares of the company’s stock valued at $444,277,000 after buying an additional 454,367 shares during the last quarter. Daiwa SB Investments Ltd. increased its position in Philip Morris International by 12.6% in the third quarter. Daiwa SB Investments Ltd. now owns 102,240 shares of the company’s stock valued at $9,940,000 after buying an additional 11,430 shares during the last quarter. Ngam Advisors L.P. increased its position in Philip Morris International by 6.4% in the second quarter. Ngam Advisors L.P. now owns 292,270 shares of the company’s stock valued at $29,729,000 after buying an additional 17,707 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in Philip Morris International by 0.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 39,355,323 shares of the company’s stock valued at $3,826,125,000 after buying an additional 163,627 shares during the last quarter. Finally, Badgley Phelps & Bell Inc. increased its position in Philip Morris International by 20.4% in the second quarter. Badgley Phelps & Bell Inc. now owns 2,918 shares of the company’s stock valued at $297,000 after buying an additional 495 shares during the last quarter. Institutional investors and hedge funds own 71.65% of the company’s stock.

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

Philip Morris International Inc (NYSE:PM) opened at 102.73 on Tuesday. Philip Morris International Inc has a 1-year low of $86.78 and a 1-year high of $104.20. The company has a 50-day moving average of $95.08 and a 200-day moving average of $95.60. The company has a market capitalization of $159.37 billion, a P/E ratio of 22.93 and a beta of 0.94.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, February 2nd. The company reported $1.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.12 by $0.02. Philip Morris International had a net margin of 9.30% and a negative return on equity of 64.94%. The company had revenue of $7 billion for the quarter, compared to analyst estimates of $6.68 billion. During the same quarter in the previous year, the company posted $0.81 EPS. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. Equities analysts expect that Philip Morris International Inc will post $4.80 EPS for the current fiscal year.

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Several research firms recently commented on PM. Citigroup Inc. reiterated a “buy” rating on shares of Philip Morris International in a research note on Wednesday, February 8th. Vetr downgraded Philip Morris International from a “hold” rating to a “sell” rating and set a $97.64 price objective on the stock. in a research note on Monday, February 6th. Goldman Sachs Group, Inc. (The) upped their price objective on Philip Morris International from $101.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, February 3rd. Zacks Investment Research upgraded Philip Morris International from a “sell” rating to a “hold” rating in a research note on Wednesday, January 18th. Finally, Bank of America Corporation cut shares of Philip Morris International from a “buy” rating to a “neutral” rating and lowered their target price for the company from $102.00 to $96.00 in a report on Wednesday, January 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $104.97.

In related news, Director Jun Makihara purchased 2,000 shares of the business’s stock in a transaction on Thursday, November 17th. The shares were acquired at an average price of $89.22 per share, for a total transaction of $178,440.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.25% of the company’s stock.

About Philip Morris International

Philip Morris International Inc is a holding company engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. The Company’s products are sold in over 180 markets. Its segments include European Union; Eastern Europe, Middle East & Africa; Asia, and Latin America & Canada.

5 Day Chart for NYSE:PM

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