Latest Stocks: Crestwood Advisors Group LLC Sells 573 Shares of Philip Morris International Inc. (PM)

Latest Stocks: Crestwood Advisors Group LLC Sells 573 Shares of Philip Morris International Inc. (PM)

Crestwood Advisors Group LLC cut its position in Philip Morris International Inc. (NYSE:PM) by 10.5% during the first quarter, Holdings Channel reports. The fund owned 4,893 shares of the company’s stock after selling 573 shares during the period. Crestwood Advisors Group LLC’s holdings in Philip Morris International were worth $552,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA boosted its position in Philip Morris International by 1.6% in the third quarter. Compagnie Lombard Odier SCmA now owns 64,209 shares of the company’s stock worth $6,240,000 after buying an additional 993 shares during the last quarter. Zacks Investment Management boosted its position in Philip Morris International by 9.0% in the third quarter. Zacks Investment Management now owns 421,217 shares of the company’s stock worth $40,951,000 after buying an additional 34,794 shares during the last quarter. Hartford Investment Management Co. boosted its position in Philip Morris International by 2.2% in the third quarter. Hartford Investment Management Co. now owns 396,279 shares of the company’s stock worth $38,526,000 after buying an additional 8,520 shares during the last quarter. Alerus Financial NA boosted its position in Philip Morris International by 0.9% in the third quarter. Alerus Financial NA now owns 49,553 shares of the company’s stock worth $4,818,000 after buying an additional 464 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its position in Philip Morris International by 11.7% in the third quarter. Pacer Advisors Inc. now owns 33,982 shares of the company’s stock worth $3,304,000 after buying an additional 3,563 shares during the last quarter. 71.65% of the stock is owned by institutional investors.

Shares of Philip Morris International Inc. (NYSE PM) opened at 121.97 on Tuesday. The stock has a market capitalization of $189.44 billion, a price-to-earnings ratio of 27.00 and a beta of 0.94. Philip Morris International Inc. has a 52-week low of $86.78 and a 52-week high of $122.00. The stock has a 50 day moving average price of $114.18 and a 200-day moving average price of $103.90.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, April 20th. The company reported $0.98 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by $0.05. The company had revenue of $6.06 billion for the quarter, compared to analyst estimates of $6.47 billion. Philip Morris International had a negative return on equity of 64.94% and a net margin of 9.30%. The company’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.98 earnings per share. On average, equities research analysts predict that Philip Morris International Inc. will post $4.90 EPS for the current fiscal year.

Several equities research analysts have commented on the company. Piper Jaffray Companies reiterated an “overweight” rating and set a $134.00 price objective on shares of Philip Morris International in a research note on Thursday, June 1st. Bank of America Corp boosted their price objective on Philip Morris International from $120.00 to $123.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 30th. Vetr lowered Philip Morris International from a “hold” rating to a “sell” rating and set a $111.99 price objective for the company. in a research note on Monday, May 22nd. Cowen and Company reiterated an “outperform” rating and set a $120.00 price objective on shares of Philip Morris International in a research note on Wednesday, April 19th. Finally, Jefferies Group LLC set a $111.00 price objective on Philip Morris International and gave the stock a “hold” rating in a research note on Wednesday, April 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $119.08.

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).

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