State of Alaska Department of Revenue boosted its holdings in Philip Morris International Inc. (NYSE:PM) by 1,254.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 141,423 shares of the company’s stock after purchasing an additional 130,984 shares during the quarter. State of Alaska Department of Revenue’s holdings in Philip Morris International were worth $14,939,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Guidant Wealth Advisors raised its position in shares of Philip Morris International by 25.5% in the 2nd quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock valued at $110,000 after buying an additional 191 shares in the last quarter. NewSquare Capital LLC raised its position in shares of Philip Morris International by 6,572.3% in the 3rd quarter. NewSquare Capital LLC now owns 101,753 shares of the company’s stock valued at $116,000 after buying an additional 100,228 shares in the last quarter. Vantage Investment Advisors LLC raised its position in shares of Philip Morris International by 1.0% in the 2nd quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock valued at $121,000 after buying an additional 10 shares in the last quarter. Financial Engines Advisors L.L.C. raised its position in shares of Philip Morris International by 399.2% in the 3rd quarter. Financial Engines Advisors L.L.C. now owns 1,203 shares of the company’s stock valued at $134,000 after buying an additional 962 shares in the last quarter. Finally, Asset Dedication LLC acquired a new position in shares of Philip Morris International in the 4th quarter valued at approximately $134,000. Institutional investors and hedge funds own 72.31% of the company’s stock.

Several equities analysts have recently commented on the stock. Piper Jaffray Companies restated a “buy” rating and issued a $130.00 target price on shares of Philip Morris International in a research report on Sunday, October 22nd. Jefferies Group restated a “hold” rating and issued a $114.00 target price on shares of Philip Morris International in a research report on Friday, October 20th. Zacks Investment Research cut shares of Philip Morris International from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. Morgan Stanley boosted their target price on shares of Philip Morris International from $120.00 to $123.00 and gave the company an “overweight” rating in a research report on Tuesday, January 30th. Finally, Bank of America dropped their target price on shares of Philip Morris International from $124.00 to $121.00 and set a “neutral” rating for the company in a research report on Friday, October 20th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $123.79.

Shares of Philip Morris International Inc. (NYSE:PM) opened at $103.05 on Wednesday. The stock has a market cap of $159,047.98, a P/E ratio of 26.63, a P/E/G ratio of 1.92 and a beta of 0.85. The company has a current ratio of 1.35, a quick ratio of 0.68 and a debt-to-equity ratio of -3.06. Philip Morris International Inc. has a 1-year low of $96.66 and a 1-year high of $123.55.

Philip Morris International (NYSE:PM) last announced 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 net margin of 7.73% and a negative return on equity of 71.99%. The company’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period last year, the firm posted $1.10 earnings per share. research analysts anticipate that Philip Morris International Inc. will post 5.28 earnings per share for the current fiscal 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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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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