Lourd Capital LLC boosted its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 317.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 23,373 shares of the company’s stock after buying an additional 17,774 shares during the period. Philip Morris International makes up approximately 0.2% of Lourd Capital LLC’s investment portfolio, making the stock its 25th largest position. Lourd Capital LLC’s holdings in Philip Morris International were worth $2,469,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of PM. Doliver Capital Advisors LP grew its stake in Philip Morris International by 8.1% in the third quarter. Doliver Capital Advisors LP now owns 29,755 shares of the company’s stock valued at $3,303,000 after purchasing an additional 2,242 shares in the last quarter. Hourglass Capital LLC grew its stake in Philip Morris International by 0.9% in the second quarter. Hourglass Capital LLC now owns 76,258 shares of the company’s stock valued at $8,957,000 after purchasing an additional 650 shares in the last quarter. WFG Advisors LP grew its stake in Philip Morris International by 30.1% in the second quarter. WFG Advisors LP now owns 12,753 shares of the company’s stock valued at $1,498,000 after purchasing an additional 2,951 shares in the last quarter. Wedbush Securities Inc. grew its stake in Philip Morris International by 28.0% in the second quarter. Wedbush Securities Inc. now owns 18,832 shares of the company’s stock valued at $2,212,000 after purchasing an additional 4,123 shares in the last quarter. Finally, Swiss National Bank grew its stake in Philip Morris International by 1.0% in the third quarter. Swiss National Bank now owns 5,958,031 shares of the company’s stock valued at $661,401,000 after purchasing an additional 58,900 shares in the last quarter. 73.20% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have commented on the company. Wells Fargo & Co restated an “outperform” rating and issued a $135.00 target price (down previously from $140.00) on shares of Philip Morris International in a research note on Wednesday, November 15th. Morgan Stanley boosted their target price on Philip Morris International from $120.00 to $123.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th. Bank of America lowered their target price on Philip Morris International from $115.00 to $113.00 and set a “neutral” rating on the stock in a research note on Friday, February 9th. Piper Jaffray Companies restated a “buy” rating and issued a $126.00 target price on shares of Philip Morris International in a research note on Thursday, February 8th. Finally, Zacks Investment Research upgraded Philip Morris International from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $123.79.
Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, February 8th. The company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.04). The company had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.17 billion. Philip Morris International had a negative return on equity of 71.99% and a net margin of 7.73%. The business’s revenue was up 19.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.10 EPS. research analysts expect that Philip Morris International Inc. will post 5.27 earnings per share for the current year.
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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.
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