Beaumont Financial Partners LLC bought a new position in Philip Morris International (NYSE:PM) in the 1st quarter, according to its most recent disclosure with the SEC. The firm bought 2,372 shares of the company’s stock, valued at approximately $236,000.

Several other large investors also recently bought and sold shares of PM. Optimum Investment Advisors bought a new position in shares of Philip Morris International in the 1st quarter worth about $100,000. Front Row Advisors LLC bought a new position in shares of Philip Morris International in the 4th quarter worth about $118,000. Wolverine Asset Management LLC bought a new position in shares of Philip Morris International in the 4th quarter worth about $126,000. Cerebellum GP LLC bought a new position in shares of Philip Morris International in the 4th quarter worth about $128,000. Finally, Independence Bank of Kentucky bought a new position in shares of Philip Morris International in the 4th quarter worth about $129,000. 72.34% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Louis C. Camilleri sold 100,000 shares of Philip Morris International stock in a transaction that occurred on Friday, May 11th. The shares were sold at an average price of $82.06, for a total value of $8,206,000.00. Following the completion of the sale, the director now directly owns 660,172 shares in the company, valued at $54,173,714.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jennifer Li purchased 40,000 shares of Philip Morris International stock in a transaction dated Monday, May 14th. The stock was bought at an average price of $81.30 per share, with a total value of $3,252,000.00. Following the completion of the purchase, the director now directly owns 47,323 shares of the company’s stock, valued at $3,847,359.90. The disclosure for this purchase can be found here. Insiders bought 49,000 shares of company stock valued at $3,989,640 over the last quarter. Company insiders own 0.22% of the company’s stock.

Several research analysts recently issued reports on PM shares. Zacks Investment Research lowered shares of Philip Morris International from a “hold” rating to a “sell” rating in a research note on Wednesday, April 11th. Goldman Sachs Group lowered shares of Philip Morris International from a “conviction-buy” rating to a “buy” rating in a research note on Friday, April 20th. Bank of America lowered shares of Philip Morris International from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $113.00 to $88.00 in a research note on Friday, April 20th. Deutsche Bank started coverage on shares of Philip Morris International in a research note on Tuesday, April 10th. They issued a “buy” rating and a $120.00 price target for the company. Finally, Stifel Nicolaus decreased their price target on shares of Philip Morris International from $125.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, April 20th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $116.86.

NYSE:PM opened at $79.54 on Friday. The stock has a market cap of $123.22 billion, a price-to-earnings ratio of 16.13, a PEG ratio of 1.56 and a beta of 0.88. 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 fifty-two week low of $78.61 and a fifty-two week high of $123.55.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, April 19th. The company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.12. The business had revenue of $6.90 billion during the quarter, compared to analyst estimates of $7.03 billion. Philip Morris International had a net margin of 7.50% and a negative return on equity of 72.40%. Philip Morris International’s revenue was up 13.7% compared to the same quarter last year. During the same period last year, the business earned $0.98 EPS. equities research analysts expect that Philip Morris International will post 5.23 earnings per share for the current year.

About Philip Morris International

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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