Choreo LLC Grows Holdings in Philip Morris International Inc. (NYSE:PM)

Choreo LLC lifted its stake in Philip Morris International Inc. (NYSE:PM) by 127.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 50,356 shares of the company’s stock after acquiring an additional 28,190 shares during the quarter. Choreo LLC’s holdings in Philip Morris International were worth $5,099,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in PM. Gilbert & Cook Inc. boosted its holdings in Philip Morris International by 3.8% during the 4th quarter. Gilbert & Cook Inc. now owns 10,946 shares of the company’s stock valued at $1,030,000 after acquiring an additional 404 shares during the period. Cary Street Partners Investment Advisory LLC boosted its stake in shares of Philip Morris International by 21.5% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 12,919 shares of the company’s stock valued at $1,215,000 after purchasing an additional 2,283 shares during the period. Ieq Capital LLC boosted its stake in shares of Philip Morris International by 22.3% in the fourth quarter. Ieq Capital LLC now owns 44,237 shares of the company’s stock valued at $4,162,000 after purchasing an additional 8,056 shares during the period. Avantax Advisory Services Inc. grew its holdings in shares of Philip Morris International by 5.0% in the fourth quarter. Avantax Advisory Services Inc. now owns 55,451 shares of the company’s stock valued at $5,217,000 after purchasing an additional 2,656 shares in the last quarter. Finally, Partnership Wealth Management LLC purchased a new stake in Philip Morris International during the 4th quarter worth approximately $127,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Insider Buying and Selling

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

Philip Morris International Stock Performance

Shares of NYSE:PM opened at $127.45 on Tuesday. Philip Morris International Inc. has a one year low of $87.23 and a one year high of $128.22. The stock has a market capitalization of $198.13 billion, a price-to-earnings ratio of 24.89, a PEG ratio of 2.45 and a beta of 0.55. The company has a 50-day simple moving average of $114.40 and a 200-day simple moving average of $102.66.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Tuesday, July 23rd. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.57 by $0.02. Philip Morris International had a negative return on equity of 113.32% and a net margin of 9.41%. The firm had revenue of $9.47 billion during the quarter, compared to the consensus estimate of $9.19 billion. During the same period in the prior year, the business earned $1.60 EPS. The firm’s revenue was up 5.6% compared to the same quarter last year. As a group, research analysts forecast that Philip Morris International Inc. will post 6.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on PM shares. Bank of America boosted their price target on shares of Philip Morris International from $125.00 to $139.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Stifel Nicolaus boosted their target price on Philip Morris International from $120.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Barclays increased their price target on Philip Morris International from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Monday. StockNews.com raised Philip Morris International from a “hold” rating to a “buy” rating in a research report on Monday, July 22nd. Finally, UBS Group raised their target price on shares of Philip Morris International from $95.00 to $105.00 and gave the company a “sell” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Philip Morris International presently has an average rating of “Moderate Buy” and an average target price of $117.05.

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.