Tuesday, 12 December, 2017

Philip Morris International Inc. (PM) Position Raised by Cadence Bank NA

Melissa Porter | 04 March, 2017, 00:46

For the Current Quarter, the growth estimate for Philip Morris International, Inc.is 8.2%, while for the Next Quarter the stock growth estimate is 6.1%. The fund owned 185,529 shares of the company's stock after buying an additional 111,598 shares during the period.

A number of other equities analysts have also recently weighed in on the company. Acropolis Investment Management LLC raised its stake in Philip Morris International by 0.5% in the third quarter. MA now owns 27,895,822 shares of the company's stock valued at $2,837,563,000 after buying an additional 514,983 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its position in Philip Morris International by 1.3% in the second quarter. Philip Morris International comprises about 3.0% of Cypress Capital Management LLC WY's investment portfolio, making the stock its 7th largest position. Trent Capital Management Inc.

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Whereas they predicted High and Low Earnings Estimate as $1.12 and $1.01 respectively. (NYSE:PM) opened at 110.22 on Thursday.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, February 2nd. The company has Beta Value of 0.95 and ATR value of 1.4. NYSE is measured to be 6.98% in conjunction with the 200-Day Simple Moving Average of 14.77%.

During the most recent trading session, shares of Philip Morris International Inc (NYSE:PM) ended up with a move of +0.80%. The company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by $0.02. The company beat the analyst EPS Estimate with the difference of $-0.02. Philip Morris International had a net margin of 9.30% and a negative return on equity of 64.94%. MA boosted its stake in shares of Philip Morris International by 1.9% in the second quarter. That is compared with the $0.98 in EPS it reported during the same period a year ago.

Since the announcement of Philip Morris International's (PM) 4Q16 earnings on February 2, 2017, the U.S. dollar has fallen against the Egyptian pound and the Russian ruble.

09/27/2016 - Philip Morris International Inc had its " rating reiterated by analysts at Morgan Stanley. "(PM)" was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this article on another publication, it was stolen and reposted in violation of USA and global copyright laws. The original version of this report can be viewed at https://www.com-unik.info/2017/03/03/commerzbank-aktiengesellschaft-fi-has-16974000-position-in-philip-morris-international-inc-pm.html.

Several insiders were part of recent insider activity for the stock. The highest analyst price target is $120.00, which implies a rally of 91 percent. Sell-side analysts have given a consensus target price of $109.13 on company shares.

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.

In related news, CEO Andre Calantzopoulos sold 35,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 15th. Vetr downgraded shares of Philip Morris International from a "strong-buy" rating to a "buy" rating and set a $101.10 price target for the company.in a research note on Wednesday, January 18th. The PEG ratio represents the ratio of the price to earnings to the anticipated future growth rate of the company. Meanwhile, Sr. VP & General Counsel FIRESTONE MARC S sold 17,088 shares worth $1752720, through a transaction dated 2017-02-15. The Next Year EPS growth is 10.8%, Long term annual growth estimate of 9.85%, Annual EPS growth past 5 years of -3.99 percent. Following the completion of the transaction, the chief executive officer now directly owns 787,671 shares in the company, valued at approximately $80,854,428.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

PMI is the world's leading global tobacco company, with six of the world's top 15 worldwide brands and products sold in more than 180 markets.