Today, Enterprise Financial Services Corp Raises its position in Philip Morris International Inc. (PM) as a favorable investment target.

Today, Enterprise Financial Services Corp Raises its position in Philip Morris International Inc. (PM) as a favorable investment target.

Enterprise Financial Services Corp boosted its stake in shares of Philip Morris International Inc. (NYSE:PM) by 3.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,694 shares of the company’s stock after buying an additional 213 shares during the period. Enterprise Financial Services Corp’s holdings in Philip Morris International were worth $650,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in PM. Glassman Wealth Services raised its stake in shares of Philip Morris International by 0.4% in the second quarter. Glassman Wealth Services now owns 1,000 shares of the company’s stock valued at $102,000 after buying an additional 4 shares in the last quarter. Acropolis Investment Management LLC raised its stake in shares of Philip Morris International by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 1,054 shares of the company’s stock valued at $107,000 after buying an additional 5 shares in the last quarter. Intersect Capital LLC raised its stake in shares of Philip Morris International by 0.3% in the second quarter. Intersect Capital LLC now owns 3,260 shares of the company’s stock valued at $332,000 after buying an additional 11 shares in the last quarter. Hudock Capital Group LLC raised its stake in shares of Philip Morris International by 0.4% in the second quarter. Hudock Capital Group LLC now owns 3,660 shares of the company’s stock valued at $372,000 after buying an additional 13 shares in the last quarter. Finally, Cornerstone Advisors Inc. raised its stake in shares of Philip Morris International by 1.1% in the third quarter. Cornerstone Advisors Inc. now owns 1,155 shares of the company’s stock valued at $112,000 after buying an additional 13 shares in the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

Shares of Philip Morris International Inc. (NYSE:PM) traded up 0.45% during mid-day trading on Friday, reaching $89.29. The company had a trading volume of 3,850,451 shares. The firm’s 50 day moving average is $93.88 and its 200-day moving average is $98.46. Philip Morris International Inc. has a 12-month low of $84.46 and a 12-month high of $104.20. The stock has a market capitalization of $138.52 billion, a P/E ratio of 21.36 and a beta of 0.91.

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

A number of research analysts recently weighed in on the company. Zacks Investment Research downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research note on Tuesday, November 15th. reissued an “outperform” rating on shares of Philip Morris International in a research note on Sunday, September 25th. Jefferies Group assumed coverage on Philip Morris International in a research note on Wednesday, September 21st. They issued a “hold” rating and a $96.00 price objective on the stock. Citigroup Inc. assumed coverage on Philip Morris International in a research note on Tuesday, September 13th. They issued a “neutral” rating and a $106.00 price objective on the stock. Finally, Vetr downgraded Philip Morris International from a “strong-buy” rating to a “buy” rating and set a $100.12 price objective on the stock. in a research note on Monday, November 21st. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus 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 company’s stock in a transaction on Thursday, November 17th. The shares were purchased at an average price of $89.22 per share, for a total transaction of $178,440.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.25% of the stock is owned by company insiders.

About Philip Morris International

Philip Morris International Inc is a holding company engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. The Company’s products are sold in over 180 markets. Its segments include European Union; Eastern Europe, Middle East & Africa; Asia, and Latin America & Canada.

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