Tompkins Financial Corp Reduces Holdings in Philip Morris International Inc. (PM)

Tompkins Financial Corp lessened its stake in Philip Morris International Inc. (NYSE:PM) by 16.9% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,965 shares of the company’s stock after selling 399 shares during the quarter. Tompkins Financial Corp’s holdings in Philip Morris International were worth $174,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Municipal Employees Retirement System of Michigan acquired a new position in shares of Philip Morris International during the 4th quarter worth $5,362,000. Avalon Advisors LLC increased its stake in shares of Philip Morris International by 5,917.2% during the 4th quarter. Avalon Advisors LLC now owns 1,250,502 shares of the company’s stock worth $83,484,000 after purchasing an additional 1,229,720 shares during the last quarter. Aviance Capital Management LLC acquired a new position in shares of Philip Morris International during the 4th quarter worth $2,333,000. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in shares of Philip Morris International by 31.7% during the 4th quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 8,800 shares of the company’s stock worth $587,000 after purchasing an additional 2,120 shares during the last quarter. Finally, Worldquant Millennium Quantitative Strategies LLC increased its stake in shares of Philip Morris International by 26.0% during the 4th quarter. Worldquant Millennium Quantitative Strategies LLC now owns 31,214 shares of the company’s stock worth $2,084,000 after purchasing an additional 6,449 shares during the last quarter. Hedge funds and other institutional investors own 72.87% of the company’s stock.

Shares of NYSE PM traded down $1.46 during trading hours on Friday, hitting $84.78. 40,759 shares of the stock were exchanged, compared to its average volume of 5,504,522. The company has a market cap of $133.43 billion, a P/E ratio of 16.59, a P/E/G ratio of 2.03 and a beta of 0.93. Philip Morris International Inc. has a one year low of $64.67 and a one year high of $92.74.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Thursday, April 18th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.10. The business had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.76 billion. Philip Morris International had a net margin of 9.74% and a negative return on equity of 78.74%. Philip Morris International’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.00 EPS. As a group, sell-side analysts anticipate that Philip Morris International Inc. will post 5.16 earnings per share for the current fiscal year.

In related news, insider Mario Masseroli sold 1,200 shares of the company’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $84.32, for a total transaction of $101,184.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Louis C. Camilleri sold 70,000 shares of the company’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $83.54, for a total transaction of $5,847,800.00. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by corporate insiders.

PM has been the topic of several analyst reports. Piper Jaffray Companies set a $100.00 price target on shares of Philip Morris International and gave the stock a “buy” rating in a research note on Friday, February 8th. Zacks Investment Research upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $96.00 price target on the stock in a research note on Thursday, April 4th. UBS Group upgraded shares of Philip Morris International from a “neutral” rating to a “buy” rating and increased their price target for the stock from $86.00 to $101.00 in a research note on Wednesday, February 27th. Citigroup increased their price target on shares of Philip Morris International from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Monday, March 25th. Finally, Societe Generale upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research note on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $92.57.

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About Philip Morris International

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.

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Want to see what other hedge funds are holding PM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Philip Morris International Inc. (NYSE:PM).

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

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