NewSquare Capital LLC Has $172,000 Position in Philip Morris International Inc. (PM)

NewSquare Capital LLC held its stake in shares of Philip Morris International Inc. (NYSE:PM) during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 1,525 shares of the company’s stock at the end of the first quarter. NewSquare Capital LLC’s holdings in Philip Morris International were worth $172,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of PM. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Philip Morris International during the fourth quarter valued at $351,755,000. FMR LLC increased its stake in shares of Philip Morris International by 19.4% in the fourth quarter. FMR LLC now owns 16,346,501 shares of the company’s stock valued at $1,495,542,000 after buying an additional 2,652,184 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in shares of Philip Morris International by 798.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 2,957,580 shares of the company’s stock valued at $270,668,000 after buying an additional 2,628,447 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Philip Morris International during the fourth quarter valued at $188,756,000. Finally, Franklin Resources Inc. increased its stake in shares of Philip Morris International by 16.5% in the fourth quarter. Franklin Resources Inc. now owns 8,753,376 shares of the company’s stock valued at $800,847,000 after buying an additional 1,240,300 shares during the last quarter. 71.65% of the stock is owned by institutional investors.

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

Shares of Philip Morris International Inc. (NYSE:PM) opened at 116.46 on Wednesday. Philip Morris International Inc. has a 52 week low of $86.78 and a 52 week high of $117.59. The firm’s 50-day moving average price is $112.61 and its 200 day moving average price is $102.11. The firm has a market cap of $180.88 billion, a PE ratio of 25.78 and a beta of 0.94.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, April 20th. The company reported $0.98 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by $0.05. The business had revenue of $6.06 billion during the quarter, compared to analyst estimates of $6.47 billion. Philip Morris International had a net margin of 9.30% and a negative return on equity of 64.94%. The company’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.98 earnings per share. Equities analysts anticipate that Philip Morris International Inc. will post $4.89 EPS for the current year.

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Several equities research analysts have recently weighed in on PM shares. Vetr raised Philip Morris International from a “sell” rating to a “hold” rating and set a $108.70 target price for the company in a research report on Wednesday, April 26th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $104.00 target price on shares of Philip Morris International in a research report on Friday, March 24th. Barclays PLC upped their target price on Philip Morris International from $108.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 29th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $118.00 target price on shares of Philip Morris International in a research report on Sunday, April 23rd. Finally, Zacks Investment Research downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, April 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $115.58.

About Philip Morris International

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

12 Month Chart for NYSE:PM

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