Nations Financial Group Inc. IA ADV Lowers Stake in Philip Morris International Inc (PM)

Nations Financial Group Inc. IA ADV reduced its position in Philip Morris International Inc (NYSE:PM) by 13.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,773 shares of the company’s stock after selling 447 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Philip Morris International were worth $326,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Acropolis Investment Management LLC grew its stake in shares of Philip Morris International by 0.5% during the second quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock worth $123,000 after purchasing an additional 5 shares during the period. Novare Capital Management LLC grew its stake in shares of Philip Morris International by 0.3% during the second quarter. Novare Capital Management LLC now owns 1,842 shares of the company’s stock worth $216,000 after purchasing an additional 5 shares during the period. Baystate Wealth Management LLC grew its stake in shares of Philip Morris International by 0.3% during the second quarter. Baystate Wealth Management LLC now owns 2,053 shares of the company’s stock worth $244,000 after purchasing an additional 7 shares during the period. Hudock Capital Group LLC grew its stake in shares of Philip Morris International by 0.3% during the second quarter. Hudock Capital Group LLC now owns 3,144 shares of the company’s stock worth $369,000 after purchasing an additional 8 shares during the period. Finally, Jackson Grant Investment Advisers Inc. grew its stake in shares of Philip Morris International by 0.3% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 3,368 shares of the company’s stock worth $396,000 after purchasing an additional 10 shares during the period. 72.63% of the stock is owned by institutional investors.

A number of equities research analysts recently commented on the company. Piper Jaffray Companies set a $130.00 price objective on Philip Morris International and gave the stock a “buy” rating in a research note on Thursday, November 16th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $135.00 price objective (down from $140.00) on shares of Philip Morris International in a research note on Wednesday, November 15th. Zacks Investment Research raised Philip Morris International from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Jefferies Group reaffirmed a “hold” rating and set a $114.00 price objective on shares of Philip Morris International in a research note on Friday, October 20th. Finally, Bank of America decreased their price objective on Philip Morris International from $124.00 to $121.00 and set a “neutral” rating for the company in a research note on Friday, October 20th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Philip Morris International has a consensus rating of “Buy” and a consensus price target of $124.23.

In other Philip Morris International news, Chairman Louis C. Camilleri sold 108,979 shares of Philip Morris International stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $108.38, for a total transaction of $11,811,144.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.23% of the company’s stock.

Philip Morris International Inc (NYSE:PM) traded up $1.60 during mid-day trading on Wednesday, reaching $107.06. The company’s stock had a trading volume of 1,388,840 shares, compared to its average volume of 4,124,628. The company has a current ratio of 1.13, a quick ratio of 0.68 and a debt-to-equity ratio of -2.91. The company has a market capitalization of $162,480.55, a price-to-earnings ratio of 23.30, a PEG ratio of 2.11 and a beta of 0.90. Philip Morris International Inc has a 52-week low of $87.67 and a 52-week high of $123.55.

Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, October 19th. The company reported $1.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.38 by ($0.11). The business had revenue of $7.50 billion for the quarter, compared to the consensus estimate of $7.75 billion. Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. The business’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.25 earnings per share. sell-side analysts expect that Philip Morris International Inc will post 4.75 earnings per share for the current year.

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Philip Morris International Profile

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.

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

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