Philip Morris International Inc. (PM) Shares Bought by Commerzbank Aktiengesellschaft FI

Share on StockTwits

Commerzbank Aktiengesellschaft FI grew its position in Philip Morris International Inc. (NYSE:PM) by 41.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 367,633 shares of the company’s stock after acquiring an additional 107,971 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Philip Morris International were worth $29,683,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Shine Investment Advisory Services Inc. grew its holdings in Philip Morris International by 90.7% during the 2nd quarter. Shine Investment Advisory Services Inc. now owns 1,245 shares of the company’s stock worth $101,000 after acquiring an additional 592 shares during the period. BKD Wealth Advisors LLC grew its holdings in Philip Morris International by 5.0% during the 2nd quarter. BKD Wealth Advisors LLC now owns 13,174 shares of the company’s stock worth $1,064,000 after acquiring an additional 625 shares during the period. Pictet & Cie Europe SA grew its holdings in Philip Morris International by 7.3% during the 2nd quarter. Pictet & Cie Europe SA now owns 9,173 shares of the company’s stock worth $741,000 after acquiring an additional 627 shares during the period. Strategic Financial Group LLC grew its holdings in Philip Morris International by 20.7% during the 2nd quarter. Strategic Financial Group LLC now owns 3,732 shares of the company’s stock worth $301,000 after acquiring an additional 639 shares during the period. Finally, Bienville Capital Management LLC grew its holdings in Philip Morris International by 18.7% during the 2nd quarter. Bienville Capital Management LLC now owns 4,077 shares of the company’s stock worth $334,000 after acquiring an additional 643 shares during the period. Institutional investors own 72.77% of the company’s stock.

A number of analysts have commented on the stock. Jefferies Financial Group lowered shares of Philip Morris International from a “buy” rating to a “hold” rating and set a $80.00 target price for the company. in a report on Friday, August 24th. ValuEngine lowered shares of Philip Morris International from a “sell” rating to a “strong sell” rating in a report on Tuesday, May 22nd. Stifel Nicolaus lowered their target price on shares of Philip Morris International from $100.00 to $93.00 and set a “buy” rating for the company in a report on Friday, July 20th. Morgan Stanley lowered their target price on shares of Philip Morris International from $111.00 to $102.00 and set an “overweight” rating for the company in a report on Tuesday, July 17th. Finally, Cowen lowered shares of Philip Morris International from an “outperform” rating to a “market perform” rating and set a $97.00 target price for the company. in a report on Friday, July 20th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company’s stock. Philip Morris International presently has an average rating of “Hold” and an average price target of $103.36.

Shares of PM stock opened at $78.62 on Friday. Philip Morris International Inc. has a 12-month low of $76.21 and a 12-month high of $119.43. The firm has a market capitalization of $121.08 billion, a PE ratio of 15.95, a PEG ratio of 1.71 and a beta of 0.82. The company has a debt-to-equity ratio of -2.76, a current ratio of 1.15 and a quick ratio of 0.64.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, July 19th. The company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.18. Philip Morris International had a net margin of 7.84% and a negative return on equity of 76.67%. The company had revenue of $7.73 billion during the quarter, compared to analyst estimates of $7.53 billion. During the same quarter in the previous year, the business earned $1.14 EPS. The firm’s revenue was up 11.7% on a year-over-year basis. equities analysts expect that Philip Morris International Inc. will post 5.05 EPS for the current fiscal year.

Philip Morris International Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, Philip Morris, Merit, Virginia S., Muratti, and Next.

Further Reading: How to Invest in Marijuana Stocks

Want to see what other hedge funds are holding PM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Philip Morris International Inc. (NYSE:PM).

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

Receive News & Ratings for Philip Morris International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply