Truehand Inc Trims Stake in Philip Morris International Inc. (NYSE:PM)

Truehand Inc reduced its position in shares of Philip Morris International Inc. (NYSE:PM) by 1.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,183 shares of the company’s stock after selling 200 shares during the quarter. Truehand Inc’s holdings in Philip Morris International were worth $1,114,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PM. Veritas Asset Management LLP boosted its position in shares of Philip Morris International by 1.2% in the 1st quarter. Veritas Asset Management LLP now owns 6,548,888 shares of the company’s stock worth $578,856,000 after purchasing an additional 80,375 shares in the last quarter. Investec Asset Management LTD boosted its position in shares of Philip Morris International by 8.0% in the 2nd quarter. Investec Asset Management LTD now owns 4,140,204 shares of the company’s stock worth $325,130,000 after purchasing an additional 306,860 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its position in shares of Philip Morris International by 10.7% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 3,822,629 shares of the company’s stock worth $300,191,000 after purchasing an additional 368,627 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Philip Morris International by 6.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,903,052 shares of the company’s stock worth $193,823,000 after purchasing an additional 183,239 shares in the last quarter. Finally, Pendal Group Ltd boosted its position in shares of Philip Morris International by 31.5% in the 2nd quarter. Pendal Group Ltd now owns 2,658,816 shares of the company’s stock worth $187,959,000 after purchasing an additional 637,613 shares in the last quarter. Institutional investors own 73.70% of the company’s stock.

A number of analysts have recently weighed in on PM shares. Zacks Investment Research raised Philip Morris International from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd. Barclays raised Philip Morris International from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $82.00 to $100.00 in a research report on Friday, July 19th. ValuEngine cut Philip Morris International from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Societe Generale raised Philip Morris International from a “hold” rating to a “buy” rating in a research report on Tuesday, May 7th. Finally, Wells Fargo & Co set a $102.00 price target on Philip Morris International and gave the stock a “buy” rating in a research report on Friday, July 19th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $93.92.



PM traded up $0.42 on Friday, reaching $84.91. 1,767,675 shares of the stock were exchanged, compared to its average volume of 5,284,436. The company’s 50-day moving average price is $82.74 and its 200 day moving average price is $83.57. Philip Morris International Inc. has a fifty-two week low of $64.67 and a fifty-two week high of $92.74. The firm has a market capitalization of $130.61 billion, a PE ratio of 16.65, a PEG ratio of 2.05 and a beta of 0.96.

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

In related news, VP Michael R. Kunst acquired 500 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The stock was acquired at an average price of $80.74 per share, with a total value of $40,370.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Mario Masseroli sold 1,100 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $87.42, for a total value of $96,162.00. The disclosure for this sale can be found here. Insiders own 0.21% of the company’s stock.

Philip Morris International 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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