Assetmark Inc. Buys 9,903 Shares of Philip Morris International Inc. (NYSE:PM)

Assetmark Inc. boosted its holdings in Philip Morris International Inc. (NYSE:PM) by 4.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 229,433 shares of the company’s stock after purchasing an additional 9,903 shares during the period. Assetmark Inc.’s holdings in Philip Morris International were worth $18,524,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of PM. DF Dent & Co. Inc. boosted its position in shares of Philip Morris International by 14.0% in the fourth quarter. DF Dent & Co. Inc. now owns 4,027 shares of the company’s stock worth $425,000 after buying an additional 494 shares during the period. Fairfield Bush & CO. raised its holdings in shares of Philip Morris International by 1.0% during the fourth quarter. Fairfield Bush & CO. now owns 53,498 shares of the company’s stock worth $5,652,000 after acquiring an additional 553 shares in the last quarter. BKD Wealth Advisors LLC raised its holdings in shares of Philip Morris International by 5.0% during the second quarter. BKD Wealth Advisors LLC now owns 13,174 shares of the company’s stock worth $1,064,000 after acquiring an additional 625 shares in the last quarter. Strategic Financial Group LLC raised its holdings in shares of Philip Morris International by 20.7% during the second quarter. Strategic Financial Group LLC now owns 3,732 shares of the company’s stock worth $301,000 after acquiring an additional 639 shares in the last quarter. Finally, Trust Co. of Vermont raised its holdings in shares of Philip Morris International by 1.9% during the second quarter. Trust Co. of Vermont now owns 35,671 shares of the company’s stock worth $2,880,000 after acquiring an additional 656 shares in the last quarter. 72.77% of the stock is owned by hedge funds and other institutional investors.

Several analysts recently issued reports on the company. Jefferies Financial Group lowered Philip Morris International from a “buy” rating to a “hold” rating and set a $80.00 price objective for the company. in a report on Friday, August 24th. ValuEngine lowered Philip Morris International from a “sell” rating to a “strong sell” rating in a report on Thursday, August 23rd. Argus upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a report on Wednesday, July 25th. Societe Generale lowered Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, July 23rd. Finally, JPMorgan Chase & Co. lowered Philip Morris International from an “overweight” rating to a “neutral” rating in a report on Friday, July 20th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company’s stock. Philip Morris International has an average rating of “Hold” and a consensus target price of $103.36.

Shares of NYSE:PM traded down $0.68 during midday trading on Friday, hitting $77.89. The company’s stock had a trading volume of 7,001,100 shares, compared to its average volume of 6,117,628. The company has a market cap of $123.58 billion, a P/E ratio of 15.90, a P/E/G ratio of 1.75 and a beta of 0.90. Philip Morris International Inc. has a fifty-two week low of $76.21 and a fifty-two week high of $119.43. The company has a debt-to-equity ratio of -2.76, a quick ratio of 0.64 and a current ratio of 1.15.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, July 19th. The company reported $1.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.23 by $0.18. The company had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $7.53 billion. Philip Morris International had a negative return on equity of 76.67% and a net margin of 7.84%. The firm’s revenue was up 11.7% compared to the same quarter last year. During the same period last year, the business posted $1.14 earnings per share. equities analysts predict that Philip Morris International Inc. will post 5.05 EPS for the current year.

Philip Morris International Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, Philip Morris, Merit, Virginia S., Muratti, and Next.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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