Elmwood Wealth Management Inc. acquired a new position in shares of Philip Morris International (NYSE:PM) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,336 shares of the company’s stock, valued at approximately $232,000.

A number of other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. increased its position in Philip Morris International by 2.0% during the 4th quarter. BlackRock Inc. now owns 94,653,614 shares of the company’s stock worth $10,000,154,000 after purchasing an additional 1,851,721 shares in the last quarter. Bank of New York Mellon Corp increased its position in Philip Morris International by 1.5% during the 4th quarter. Bank of New York Mellon Corp now owns 17,494,845 shares of the company’s stock worth $1,848,329,000 after purchasing an additional 266,461 shares in the last quarter. Geode Capital Management LLC increased its position in Philip Morris International by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 16,006,215 shares of the company’s stock worth $1,687,415,000 after purchasing an additional 423,024 shares in the last quarter. Flossbach Von Storch AG increased its position in Philip Morris International by 45.1% during the 1st quarter. Flossbach Von Storch AG now owns 9,594,407 shares of the company’s stock worth $953,684,000 after purchasing an additional 2,982,085 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in Philip Morris International by 4.5% during the 1st quarter. Wells Fargo & Company MN now owns 9,006,584 shares of the company’s stock worth $895,253,000 after purchasing an additional 389,848 shares in the last quarter. Hedge funds and other institutional investors own 72.34% of the company’s stock.

Shares of NYSE:PM opened at $80.34 on Monday. The company has a debt-to-equity ratio of -2.82, a current ratio of 1.16 and a quick ratio of 0.68. Philip Morris International has a 1 year low of $79.40 and a 1 year high of $123.55. The stock has a market cap of $124.89 billion, a PE ratio of 16.30, a PEG ratio of 1.58 and a beta of 0.88.

Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, April 19th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.12. Philip Morris International had a negative return on equity of 72.40% and a net margin of 7.50%. The business had revenue of $6.90 billion during the quarter, compared to analysts’ expectations of $7.03 billion. During the same quarter in the previous year, the business earned $0.98 EPS. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. sell-side analysts forecast that Philip Morris International will post 5.23 EPS for the current year.

In other news, insider Jerry Whitson bought 3,000 shares of the firm’s stock in a transaction dated Wednesday, April 25th. The stock was acquired at an average price of $82.76 per share, for a total transaction of $248,280.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Miroslaw Zielinski bought 6,000 shares of the firm’s stock in a transaction dated Friday, April 27th. The shares were purchased at an average price of $81.56 per share, with a total value of $489,360.00. The disclosure for this purchase can be found here. Insiders have bought a total of 49,000 shares of company stock valued at $3,989,640 in the last quarter. Company insiders own 0.22% of the company’s stock.

PM has been the subject of a number of recent research reports. Goldman Sachs Group cut Philip Morris International from a “conviction-buy” rating to a “buy” rating in a research report on Friday, April 20th. Stifel Nicolaus lowered their price target on Philip Morris International from $125.00 to $100.00 and set a “buy” rating for the company in a report on Friday, April 20th. Cowen restated a “buy” rating and issued a $105.00 price target on shares of Philip Morris International in a report on Friday, April 20th. Piper Jaffray Companies restated a “buy” rating and issued a $126.00 price target on shares of Philip Morris International in a report on Thursday, February 8th. Finally, Citigroup upgraded Philip Morris International from a “neutral” rating to a “buy” rating and set a $125.00 price target for the company in a report on Wednesday, February 28th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $116.86.

Philip Morris International Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, Philip Morris, Merit, Virginia S., Muratti, and Next.

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

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