Today, Brookstone Capital Management Boosts Stake in Philip Morris International Inc. (PM)

Today, Brookstone Capital Management Boosts Stake in Philip Morris International Inc. (PM)
Brookstone Capital Management raised its position in Philip Morris International Inc. (NYSE:PM) by 6.0% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 52,536 shares of the company’s stock after buying an additional 2,961 shares during the period. Brookstone Capital Management’s holdings in Philip Morris International were worth $5,108,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in Philip Morris International by 2.6% in the second quarter. Vanguard Group Inc. now owns 99,323,022 shares of the company’s stock worth $10,103,138,000 after buying an additional 2,501,571 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Philip Morris International by 0.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 39,191,696 shares of the company’s stock worth $3,986,579,000 after buying an additional 317,150 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Philip Morris International by 1.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 27,895,822 shares of the company’s stock worth $2,837,563,000 after buying an additional 514,983 shares in the last quarter. BlackRock Fund Advisors raised its position in Philip Morris International by 6.6% in the second quarter. BlackRock Fund Advisors now owns 25,591,100 shares of the company’s stock worth $2,603,127,000 after buying an additional 1,590,036 shares in the last quarter. Finally, Fayez Sarofim & Co. raised its position in Philip Morris International by 1.6% in the second quarter. Fayez Sarofim & Co. now owns 16,917,188 shares of the company’s stock worth $1,720,507,000 after buying an additional 262,590 shares in the last quarter. Institutional investors own 71.01% of the company’s stock.

Philip Morris International Inc. (NYSE:PM) traded up 0.45% during mid-day trading on Friday, reaching $89.29. 3,850,451 shares of the company traded hands. Philip Morris International Inc. has a 52-week low of $84.46 and a 52-week high of $104.20. The company has a market capitalization of $138.52 billion, a P/E ratio of 21.36 and a beta of 0.91. The stock has a 50 day moving average price of $93.88 and a 200-day moving average price of $98.46.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Tuesday, October 18th. The company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.02. The firm had revenue of $6.98 billion for the quarter, compared to analyst estimates of $7.01 billion. Philip Morris International had a net margin of 8.77% and a negative return on equity of 59.94%. The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the firm earned $1.24 earnings per share. Analysts expect that Philip Morris International Inc. will post $4.53 EPS for the current fiscal year.

PM has been the subject of several research analyst reports. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a $116.00 price target (up previously from $114.00) on shares of Philip Morris International in a research report on Monday, October 3rd. Vetr lowered shares of Philip Morris International from a “strong-buy” rating to a “buy” rating and set a $100.12 price target for the company. in a research report on Monday, November 21st. Zacks Investment Research raised shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $108.00 price target for the company in a research report on Wednesday, October 5th. Morgan Stanley reaffirmed an “overweight” rating and set a $110.00 price target on shares of Philip Morris International in a research report on Tuesday, September 27th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and set a $106.00 price target on shares of Philip Morris International in a research report on Monday, September 26th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $104.82.

In other Philip Morris International news, Director Jun Makihara acquired 2,000 shares of the business’s stock in a transaction that occurred on Thursday, November 17th. The shares were purchased at an average price of $89.22 per share, with a total value of $178,440.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.25% of the company’s stock.

Philip Morris International Company Profile

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