Woodard & Co. Asset Management Group Inc. ADV Sells 443 Shares of Philip Morris International Inc. (NYSE:PM)

Woodard & Co. Asset Management Group Inc. ADV decreased its position in Philip Morris International Inc. (NYSE:PM) by 5.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,241 shares of the company’s stock after selling 443 shares during the quarter. Woodard & Co. Asset Management Group Inc. ADV’s holdings in Philip Morris International were worth $704,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Fairfield Bush & CO. raised its stake in shares of Philip Morris International by 1.1% in the first quarter. Fairfield Bush & CO. now owns 26,141 shares of the company’s stock worth $2,456,000 after buying an additional 281 shares during the period. American Century Companies Inc. raised its stake in shares of Philip Morris International by 35.6% in the first quarter. American Century Companies Inc. now owns 4,939 shares of the company’s stock worth $463,000 after buying an additional 1,296 shares during the period. Loomis Sayles & Co. L P raised its stake in shares of Philip Morris International by 24.7% in the first quarter. Loomis Sayles & Co. L P now owns 3,065 shares of the company’s stock worth $288,000 after buying an additional 608 shares during the period. Covestor Ltd raised its stake in shares of Philip Morris International by 54.9% in the first quarter. Covestor Ltd now owns 525 shares of the company’s stock worth $49,000 after buying an additional 186 shares during the period. Finally, Mather Group LLC. raised its stake in shares of Philip Morris International by 14.7% in the first quarter. Mather Group LLC. now owns 8,987 shares of the company’s stock worth $844,000 after buying an additional 1,154 shares during the period. Institutional investors own 79.70% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on PM shares. 22nd Century Group reaffirmed a “reiterates” rating on shares of Philip Morris International in a research note on Tuesday, June 27th. StockNews.com initiated coverage on Philip Morris International in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Citigroup raised Philip Morris International from a “neutral” rating to a “buy” rating and lifted their target price for the company from $109.00 to $117.00 in a research note on Tuesday, June 20th. Finally, Jefferies Financial Group decreased their target price on Philip Morris International from $113.00 to $111.00 and set a “buy” rating on the stock in a research note on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $110.70.

Philip Morris International Price Performance

NYSE PM opened at $93.67 on Friday. The stock has a market capitalization of $145.41 billion, a PE ratio of 18.12, a P/E/G ratio of 1.96 and a beta of 0.71. The business has a 50 day simple moving average of $96.75 and a two-hundred day simple moving average of $96.20. Philip Morris International Inc. has a 1-year low of $82.85 and a 1-year high of $105.62.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, July 20th. The company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.10. The firm had revenue of $8.97 billion during the quarter, compared to analysts’ expectations of $8.76 billion. Philip Morris International had a negative return on equity of 127.84% and a net margin of 11.63%. The company’s quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.48 EPS. On average, analysts anticipate that Philip Morris International Inc. will post 6.2 EPS for the current fiscal year.

About Philip Morris International

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.