Allred Capital Management LLC Purchases Shares of 12,078 Philip Morris International Inc. (PM)

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Allred Capital Management LLC purchased a new stake in shares of Philip Morris International Inc. (NYSE:PM) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,078 shares of the company’s stock, valued at approximately $806,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of PM. Clean Yield Group bought a new stake in Philip Morris International during the 4th quarter worth approximately $37,000. Vigilant Capital Management LLC grew its position in Philip Morris International by 195.6% during the 4th quarter. Vigilant Capital Management LLC now owns 665 shares of the company’s stock worth $44,000 after acquiring an additional 440 shares during the last quarter. Alpha Windward LLC bought a new stake in Philip Morris International during the 4th quarter worth approximately $50,000. Shine Investment Advisory Services Inc. grew its position in Philip Morris International by 25.7% during the 4th quarter. Shine Investment Advisory Services Inc. now owns 1,315 shares of the company’s stock worth $88,000 after acquiring an additional 269 shares during the last quarter. Finally, Winthrop Advisory Group LLC bought a new stake in Philip Morris International during the 4th quarter worth approximately $102,000. Hedge funds and other institutional investors own 73.17% of the company’s stock.

In other Philip Morris International news, Director Louis C. Camilleri sold 59,495 shares of the company’s stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $86.98, for a total transaction of $5,174,875.10. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.22% of the stock is currently owned by corporate insiders.

NYSE:PM opened at $81.30 on Thursday. Philip Morris International Inc. has a 52-week low of $64.67 and a 52-week high of $109.90. The firm has a market cap of $123.15 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 1.70 and a beta of 0.91.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Thursday, February 7th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.09. Philip Morris International had a negative return on equity of 76.82% and a net margin of 9.90%. The firm had revenue of $7.50 billion for the quarter, compared to the consensus estimate of $7.46 billion. During the same quarter in the prior year, the business earned $1.32 EPS. The business’s revenue for the quarter was down 9.6% compared to the same quarter last year. Equities analysts expect that Philip Morris International Inc. will post 5.38 earnings per share for the current year.

PM has been the topic of a number of research analyst reports. Piper Jaffray Companies set a $100.00 price target on Philip Morris International and gave the stock a “buy” rating in a research report on Friday, February 8th. Citigroup increased their price target on Philip Morris International from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, October 19th. Jefferies Financial Group restated a “hold” rating and set a $80.00 price target on shares of Philip Morris International in a research report on Sunday. Zacks Investment Research upgraded Philip Morris International from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. Finally, Societe Generale set a $95.00 price target on Philip Morris International and gave the stock a “hold” rating in a research report on Monday, October 22nd. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $91.25.

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Philip Morris International Company 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.

Read More: Stochastic Momentum Index (SMI)

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

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