Public Employees Retirement Association of Colorado Purchases 13,418 Shares of Philip Morris International Inc. (PM)

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Public Employees Retirement Association of Colorado lifted its position in shares of Philip Morris International Inc. (NYSE:PM) by 1.0% during the first quarter, HoldingsChannel reports. The firm owned 1,395,897 shares of the company’s stock after purchasing an additional 13,418 shares during the quarter. Philip Morris International comprises about 0.8% of Public Employees Retirement Association of Colorado’s holdings, making the stock its 26th largest holding. Public Employees Retirement Association of Colorado’s holdings in Philip Morris International were worth $123,383,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan bought a new stake in Philip Morris International during the fourth quarter valued at $5,362,000. Avalon Advisors LLC increased its stake in Philip Morris International by 5,917.2% during the fourth quarter. Avalon Advisors LLC now owns 1,250,502 shares of the company’s stock valued at $83,484,000 after purchasing an additional 1,229,720 shares during the last quarter. Aviance Capital Management LLC bought a new stake in Philip Morris International during the fourth quarter valued at $2,333,000. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in Philip Morris International by 31.7% during the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 8,800 shares of the company’s stock valued at $587,000 after purchasing an additional 2,120 shares during the last quarter. Finally, Worldquant Millennium Quantitative Strategies LLC increased its stake in Philip Morris International by 26.0% during the fourth quarter. Worldquant Millennium Quantitative Strategies LLC now owns 31,214 shares of the company’s stock valued at $2,084,000 after purchasing an additional 6,449 shares during the last quarter. 72.87% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have weighed in on the stock. Zacks Investment Research lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Barclays upgraded shares of Philip Morris International from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $67.00 to $82.00 in a research note on Thursday. Morgan Stanley boosted their target price on shares of Philip Morris International from $88.00 to $94.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. ValuEngine lowered shares of Philip Morris International from a “hold” rating to a “sell” rating in a research note on Tuesday, April 9th. Finally, Bank of America reiterated a “sell” rating and set a $74.00 target price on shares of Philip Morris International in a research note on Tuesday, March 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $92.57.

Philip Morris International stock opened at $84.64 on Friday. The stock has a market cap of $131.68 billion, a PE ratio of 16.60, a PEG 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 released its quarterly earnings results on Thursday, April 18th. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.99 by $0.10. The business had revenue of $6.75 billion during the quarter, compared to analyst estimates of $6.76 billion. Philip Morris International had a net margin of 9.74% and a negative return on equity of 78.74%. The company’s quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.00 earnings per share. On average, research analysts expect that Philip Morris International Inc. will post 5.16 EPS for the current fiscal year.

In other news, insider Mario Masseroli sold 1,200 shares of the company’s stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Michael R. Kunst purchased 2,500 shares of the stock in a transaction dated Monday, April 29th. The shares were purchased at an average price of $84.67 per share, with a total value of $211,675.00. The disclosure for this purchase can be found here. 0.21% of the stock is currently owned by corporate insiders.

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Philip Morris International Company Profile

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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