Ontario Teachers Pension Plan Board Lowers Position in Philip Morris International Inc. (PM)

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Ontario Teachers Pension Plan Board trimmed its position in shares of Philip Morris International Inc. (NYSE:PM) by 31.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,368 shares of the company’s stock after selling 8,244 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Philip Morris International were worth $1,483,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of PM. Flossbach Von Storch AG increased its stake in Philip Morris International by 48.1% during the second quarter. Flossbach Von Storch AG now owns 14,212,696 shares of the company’s stock valued at $1,147,533,000 after acquiring an additional 4,618,289 shares during the period. Charles Schwab Investment Advisory Inc. acquired a new stake in Philip Morris International during the second quarter valued at approximately $277,027,000. CI Global Investments Inc. acquired a new stake in Philip Morris International during the first quarter valued at approximately $155,793,000. Massachusetts Financial Services Co. MA boosted its holdings in Philip Morris International by 4.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 34,065,506 shares of the company’s stock valued at $2,750,449,000 after purchasing an additional 1,421,021 shares in the last quarter. Finally, Ariel Investments LLC boosted its holdings in Philip Morris International by 106.7% during the second quarter. Ariel Investments LLC now owns 2,187,710 shares of the company’s stock valued at $176,636,000 after purchasing an additional 1,129,516 shares in the last quarter. Hedge funds and other institutional investors own 72.77% of the company’s stock.

A number of equities research analysts have weighed in on the company. ValuEngine raised Philip Morris International from a “strong sell” rating to a “sell” rating in a report on Monday, July 30th. Societe Generale downgraded Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, July 23rd. Argus raised Philip Morris International from a “hold” rating to a “buy” rating and set a $91.00 price objective on the stock in a report on Wednesday, July 25th. JPMorgan Chase & Co. downgraded Philip Morris International from an “overweight” rating to a “neutral” rating in a report on Friday, July 20th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $93.00 price objective on shares of Philip Morris International in a report on Friday, July 13th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $103.36.

NYSE PM opened at $78.62 on Friday. The company has a debt-to-equity ratio of -2.76, a quick ratio of 0.64 and a current ratio of 1.15. The company has a market cap of $122.48 billion, a price-to-earnings ratio of 15.79, a P/E/G ratio of 1.74 and a beta of 0.82. Philip Morris International Inc. has a 1-year low of $76.21 and a 1-year high of $119.43.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, July 19th. The company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.18. The company had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $7.53 billion. Philip Morris International had a negative return on equity of 76.67% and a net margin of 7.84%. The company’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.14 earnings per share. sell-side analysts predict that Philip Morris International Inc. will post 5.04 EPS for the current year.

About Philip Morris International

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.

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

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