Philip Morris International Inc. (NYSE:PM) Shares Sold by Keybank National Association OH

Keybank National Association OH cut its position in Philip Morris International Inc. (NYSE:PM) by 9.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 455,530 shares of the company’s stock after selling 45,935 shares during the period. Keybank National Association OH’s holdings in Philip Morris International were worth $35,773,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of PM. Deutsche Bank AG boosted its stake in Philip Morris International by 50.5% during the fourth quarter. Deutsche Bank AG now owns 11,054,233 shares of the company’s stock worth $737,970,000 after buying an additional 3,710,763 shares during the last quarter. Veritas Asset Management LLP boosted its stake in Philip Morris International by 1.2% during the first quarter. Veritas Asset Management LLP now owns 6,548,888 shares of the company’s stock worth $578,856,000 after buying an additional 80,375 shares during the last quarter. Investec Asset Management LTD boosted its stake in Philip Morris International by 8.0% during the second quarter. Investec Asset Management LTD now owns 4,140,204 shares of the company’s stock worth $325,130,000 after buying an additional 306,860 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Philip Morris International by 6.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,903,052 shares of the company’s stock worth $193,823,000 after buying an additional 183,239 shares during the last quarter. Finally, Pendal Group Ltd boosted its stake in Philip Morris International by 31.5% during the second quarter. Pendal Group Ltd now owns 2,658,816 shares of the company’s stock worth $187,959,000 after buying an additional 637,613 shares during the last quarter. 73.70% of the stock is currently owned by hedge funds and other institutional investors.

NYSE PM traded up $0.95 during trading hours on Wednesday, hitting $83.33. 1,119,516 shares of the company were exchanged, compared to its average volume of 5,398,610. The company’s 50 day simple moving average is $82.51. Philip Morris International Inc. has a 52-week low of $64.67 and a 52-week high of $92.74. The firm has a market capitalization of $129.76 billion, a price-to-earnings ratio of 16.34, a price-to-earnings-growth ratio of 2.02 and a beta of 0.96.



Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, July 18th. The company reported $1.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.13. Philip Morris International had a negative return on equity of 80.96% and a net margin of 10.03%. The company had revenue of $7.70 billion for the quarter, compared to the consensus estimate of $7.42 billion. During the same quarter in the prior year, the business earned $1.41 EPS. Philip Morris International’s revenue was down .3% on a year-over-year basis. On average, equities analysts predict that Philip Morris International Inc. will post 5.21 earnings per share for the current fiscal year.

In other Philip Morris International news, insider Mario Masseroli sold 1,100 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $87.42, for a total transaction of $96,162.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Michael R. Kunst purchased 500 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were bought at an average price of $80.74 per share, for a total transaction of $40,370.00. The disclosure for this purchase can be found here. 0.21% of the stock is owned by corporate insiders.

A number of equities research analysts have commented on the company. Barclays upgraded Philip Morris International from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $82.00 to $100.00 in a research report on Friday, July 19th. Societe Generale upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research report on Tuesday, May 7th. Bank of America upgraded Philip Morris International from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $81.00 to $94.00 in a research report on Friday, May 17th. Morgan Stanley reduced their target price on Philip Morris International from $94.00 to $86.00 and set an “overweight” rating on the stock in a research report on Friday, July 12th. Finally, ValuEngine downgraded Philip Morris International from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $93.92.

Philip Morris International Company Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.

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

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