Philip Morris International Inc. (NYSE:PM) Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers lifted its position in Philip Morris International Inc. (NYSE:PM) by 7.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,787 shares of the company’s stock after purchasing an additional 976 shares during the quarter. Cetera Investment Advisers’ holdings in Philip Morris International were worth $1,129,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Philip Morris International by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 125,492,442 shares of the company’s stock worth $9,854,922,000 after acquiring an additional 1,295,745 shares during the period. BlackRock Inc. lifted its position in Philip Morris International by 5.1% during the 2nd quarter. BlackRock Inc. now owns 100,831,956 shares of the company’s stock worth $7,918,335,000 after acquiring an additional 4,879,296 shares during the period. Morgan Stanley lifted its position in Philip Morris International by 16.9% during the 2nd quarter. Morgan Stanley now owns 34,485,714 shares of the company’s stock worth $2,708,164,000 after acquiring an additional 4,998,070 shares during the period. Invesco Ltd. lifted its position in Philip Morris International by 41.5% during the 2nd quarter. Invesco Ltd. now owns 30,080,523 shares of the company’s stock worth $2,362,224,000 after acquiring an additional 8,824,567 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Philip Morris International by 2.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 16,736,970 shares of the company’s stock worth $1,314,354,000 after acquiring an additional 358,545 shares during the period. 74.29% of the stock is owned by hedge funds and other institutional investors.

PM opened at $83.64 on Friday. The business has a 50 day simple moving average of $80.04 and a 200-day simple moving average of $80.33. The stock has a market capitalization of $131.41 billion, a P/E ratio of 16.40, a P/E/G ratio of 2.05 and a beta of 1.00. Philip Morris International Inc. has a 12 month low of $64.67 and a 12 month high of $92.74.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, October 17th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.35 by $0.08. The business had revenue of $7.64 billion during the quarter, compared to analysts’ expectations of $7.65 billion. Philip Morris International had a negative return on equity of 82.33% and a net margin of 9.59%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period last year, the firm earned $1.44 EPS. As a group, sell-side analysts expect that Philip Morris International Inc. will post 5.24 EPS for the current fiscal year.

A number of research firms have weighed in on PM. Cowen reaffirmed a “hold” rating on shares of Philip Morris International in a research report on Thursday, September 12th. Wells Fargo & Co decreased their price objective on Philip Morris International from $102.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, October 18th. ValuEngine raised Philip Morris International from a “sell” rating to a “hold” rating in a research report on Saturday, October 19th. Citigroup decreased their price objective on Philip Morris International from $110.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Finally, JPMorgan Chase & Co. set a $86.00 price objective on Philip Morris International and gave the stock a “neutral” rating in a research report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. Philip Morris International currently has a consensus rating of “Buy” and a consensus price target of $92.27.

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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