Philip Morris International Inc. (NYSE:PM) Shares Acquired by Sachetta LLC

Sachetta LLC boosted its stake in Philip Morris International Inc. (NYSE:PM) by 64.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 267 shares of the company’s stock after acquiring an additional 105 shares during the period. Sachetta LLC’s holdings in Philip Morris International were worth $27,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PM. Iron Horse Wealth Management LLC lifted its stake in shares of Philip Morris International by 684.4% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 251 shares of the company’s stock worth $25,000 after acquiring an additional 219 shares during the period. Fortitude Family Office LLC boosted its stake in shares of Philip Morris International by 57.4% in the second quarter. Fortitude Family Office LLC now owns 318 shares of the company’s stock valued at $32,000 after buying an additional 116 shares in the last quarter. Boyd Watterson Asset Management LLC OH raised its position in Philip Morris International by 250.0% in the first quarter. Boyd Watterson Asset Management LLC OH now owns 322 shares of the company’s stock worth $30,000 after acquiring an additional 230 shares in the last quarter. Olistico Wealth LLC purchased a new position in Philip Morris International in the second quarter worth $34,000. Finally, Ables Iannone Moore & Associates Inc. acquired a new stake in Philip Morris International in the fourth quarter valued at $38,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Stock Down 0.5 %

Shares of NYSE:PM opened at $126.75 on Wednesday. The company has a market capitalization of $197.04 billion, a P/E ratio of 24.76, a P/E/G ratio of 2.45 and a beta of 0.55. The stock’s fifty day simple moving average is $114.90 and its 200-day simple moving average is $102.90. Philip Morris International Inc. has a 52-week low of $87.23 and a 52-week high of $128.22.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.02. The business had revenue of $9.47 billion during the quarter, compared to the consensus estimate of $9.19 billion. Philip Morris International had a net margin of 9.41% and a negative return on equity of 113.32%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.60 earnings per share. On average, sell-side analysts anticipate that Philip Morris International Inc. will post 6.47 earnings per share for the current year.

Insider Transactions at Philip Morris International

In related news, insider Wilde Frederic De sold 20,000 shares of the stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $113.01, for a total transaction of $2,260,200.00. Following the transaction, the insider now directly owns 158,447 shares in the company, valued at $17,906,095.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Massimo Andolina sold 9,000 shares of Philip Morris International stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $115.35, for a total value of $1,038,150.00. Following the transaction, the insider now owns 85,629 shares in the company, valued at $9,877,305.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Wilde Frederic De sold 20,000 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $113.01, for a total transaction of $2,260,200.00. Following the sale, the insider now directly owns 158,447 shares of the company’s stock, valued at approximately $17,906,095.47. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

PM has been the subject of several recent analyst reports. StockNews.com upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research note on Monday, July 22nd. JPMorgan Chase & Co. upped their price target on Philip Morris International from $110.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Barclays lifted their price objective on Philip Morris International from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday. UBS Group boosted their target price on Philip Morris International from $95.00 to $105.00 and gave the stock a “sell” rating in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Philip Morris International from $116.00 to $118.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $117.05.

About Philip Morris International

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.