Philip Morris International Inc. (NYSE:PM) Shares Sold by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. lowered its position in Philip Morris International Inc. (NYSE:PM) by 3.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,578 shares of the company’s stock after selling 880 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in Philip Morris International were worth $3,743,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. GQG Partners LLC increased its holdings in Philip Morris International by 14.3% in the fourth quarter. GQG Partners LLC now owns 48,746,809 shares of the company’s stock valued at $5,866,678,000 after buying an additional 6,092,558 shares in the last quarter. GAMMA Investing LLC increased its holdings in Philip Morris International by 19,986.5% in the first quarter. GAMMA Investing LLC now owns 4,486,928 shares of the company’s stock valued at $712,210,000 after buying an additional 4,464,590 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Philip Morris International in the fourth quarter valued at about $522,214,000. Kovitz Investment Group Partners LLC increased its holdings in Philip Morris International by 372.2% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 5,453,285 shares of the company’s stock valued at $656,303,000 after buying an additional 4,298,530 shares in the last quarter. Finally, Capital World Investors increased its holdings in Philip Morris International by 3.6% in the fourth quarter. Capital World Investors now owns 122,584,210 shares of the company’s stock valued at $14,752,926,000 after buying an additional 4,216,586 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Stock Down 1.0%

Shares of PM opened at $178.90 on Wednesday. The firm has a market cap of $278.46 billion, a PE ratio of 39.67, a price-to-earnings-growth ratio of 2.65 and a beta of 0.52. The company’s fifty day moving average is $168.63 and its two-hundred day moving average is $148.26. Philip Morris International Inc. has a fifty-two week low of $98.93 and a fifty-two week high of $183.94.

Philip Morris International (NYSE:PM) last posted its earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.08. The business had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.10 billion. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.50 EPS. As a group, equities research analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Analysts Set New Price Targets

PM has been the subject of a number of research analyst reports. Stifel Nicolaus increased their target price on shares of Philip Morris International from $168.00 to $186.00 and gave the company a “buy” rating in a report on Thursday, April 24th. Wall Street Zen cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. Argus raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday, March 14th. Bank of America raised their price objective on shares of Philip Morris International from $182.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. Finally, Citigroup raised their price objective on shares of Philip Morris International from $163.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, April 16th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $175.30.

Philip Morris International Company Profile

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.