Timber Hill LLC Acquires New Position in Philip Morris International Inc. (NYSE:PM)

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Timber Hill LLC acquired a new stake in Philip Morris International Inc. (NYSE:PM) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,000 shares of the company’s stock, valued at approximately $393,000. Philip Morris International comprises about 0.3% of Timber Hill LLC’s investment portfolio, making the stock its 14th biggest position.

Several other institutional investors also recently made changes to their positions in PM. Willingdon Wealth Management increased its holdings in shares of Philip Morris International by 0.9% during the 2nd quarter. Willingdon Wealth Management now owns 13,656 shares of the company’s stock valued at $1,072,000 after purchasing an additional 119 shares in the last quarter. Montag A & Associates Inc. grew its stake in Philip Morris International by 0.6% in the 1st quarter. Montag A & Associates Inc. now owns 18,782 shares of the company’s stock valued at $1,660,000 after acquiring an additional 120 shares during the period. NBT Bank N A NY grew its stake in Philip Morris International by 0.3% in the 1st quarter. NBT Bank N A NY now owns 41,531 shares of the company’s stock valued at $3,671,000 after acquiring an additional 120 shares during the period. Brand Asset Management Group Inc. grew its stake in Philip Morris International by 34.9% in the 2nd quarter. Brand Asset Management Group Inc. now owns 472 shares of the company’s stock valued at $37,000 after acquiring an additional 122 shares during the period. Finally, OLD Point Trust & Financial Services N A grew its stake in Philip Morris International by 0.8% in the 1st quarter. OLD Point Trust & Financial Services N A now owns 15,397 shares of the company’s stock valued at $1,361,000 after acquiring an additional 125 shares during the period. 73.70% of the stock is owned by hedge funds and other institutional investors.

PM traded up $1.59 on Tuesday, hitting $83.97. 464,013 shares of the company’s stock were exchanged, compared to its average volume of 5,371,256. Philip Morris International Inc. has a fifty-two week low of $64.67 and a fifty-two week high of $92.74. The firm’s 50-day simple moving average is $82.40. The company has a market capitalization of $128.50 billion, a PE ratio of 16.46, a price-to-earnings-growth ratio of 2.02 and a beta of 0.96.

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

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

In other news, VP Michael R. Kunst purchased 1,000 shares of the stock in a transaction dated Friday, May 31st. The shares were purchased at an average price of $79.66 per share, with a total value of $79,660.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 transaction of $96,162.00. The disclosure for this sale can be found here. Insiders own 0.21% of the company’s stock.

About Philip Morris International

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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