Spears Abacus Advisors LLC Lowers Stake in Philip Morris International Inc (PM)

Spears Abacus Advisors LLC decreased its stake in Philip Morris International Inc (NYSE:PM) by 2.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,114 shares of the company’s stock after selling 250 shares during the period. Spears Abacus Advisors LLC’s holdings in Philip Morris International were worth $886,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. First Citizens Bank & Trust Co. raised its position in Philip Morris International by 1.3% in the second quarter. First Citizens Bank & Trust Co. now owns 8,335 shares of the company’s stock worth $848,000 after buying an additional 110 shares during the period. Quantitative Systematic Strategies LLC raised its position in Philip Morris International by 15.6% in the second quarter. Quantitative Systematic Strategies LLC now owns 9,074 shares of the company’s stock worth $897,000 after buying an additional 1,226 shares during the period. Cypress Capital Management LLC WY bought a new position in Philip Morris International during the second quarter worth $2,423,000. Atlas Brown Inc. raised its position in Philip Morris International by 11.2% in the second quarter. Atlas Brown Inc. now owns 6,214 shares of the company’s stock worth $632,000 after buying an additional 627 shares during the period. Finally, Morgan Dempsey Capital Management LLC raised its position in Philip Morris International by 29.0% in the second quarter. Morgan Dempsey Capital Management LLC now owns 25,010 shares of the company’s stock worth $2,544,000 after buying an additional 5,625 shares during the period. Hedge funds and other institutional investors own 71.39% of the company’s stock.

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

Philip Morris International Inc (NYSE:PM) traded down 0.14% on Friday, hitting $102.63. The stock had a trading volume of 3,412,676 shares. The firm has a market cap of $159.22 billion, a PE ratio of 22.91 and a beta of 0.94. The company’s 50 day moving average is $94.41 and its 200 day moving average is $95.59. Philip Morris International Inc has a 12-month low of $86.78 and a 12-month high of $104.20.

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

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PM has been the topic of a number of recent research reports. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $118.00 price objective (up previously from $116.00) on shares of Philip Morris International in a research note on Friday, October 21st. Vetr lowered Philip Morris International from a “strong-buy” rating to a “buy” rating and set a $100.12 price target on the stock. in a research note on Monday, November 21st. Citigroup Inc. reaffirmed a “buy” rating on shares of Philip Morris International in a research note on Wednesday. Zacks Investment Research raised Philip Morris International from a “sell” rating to a “hold” rating in a research note on Wednesday, January 18th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $94.00 price target (down previously from $101.00) on shares of Philip Morris International in a research note on Saturday, November 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $104.97.

In other Philip Morris International news, Director Jun Makihara bought 2,000 shares of the company’s stock in a transaction dated Thursday, November 17th. The shares were acquired at an average cost of $89.22 per share, with a total value of $178,440.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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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