The Nicolet Bankshares Inc. Reduces Stake in Philip Morris International Inc. (PM)

The Nicolet Bankshares Inc. Reduces Stake in Philip Morris International Inc. (PM)

Other institutional investors have also bought and sold shares of the company. State Street Corp raised its position in shares of Philip Morris International by 1.6% in the fourth quarter. State Street Corp now owns 58,868,463 shares of the company’s stock valued at $5,385,970,000 after buying an additional 900,309 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Philip Morris International by 1.0% in the third quarter. Price T Rowe Associates Inc. MD now owns 43,237,185 shares of the company’s stock valued at $4,203,519,000 after buying an additional 448,142 shares in the last quarter. Northern Trust Corp raised its position in shares of Philip Morris International by 0.8% in the third quarter. Northern Trust Corp now owns 18,021,536 shares of the company’s stock valued at $1,752,053,000 after buying an additional 146,569 shares in the last quarter. FMR LLC raised its position in shares of Philip Morris International by 19.4% in the fourth quarter. FMR LLC now owns 16,346,501 shares of the company’s stock valued at $1,495,542,000 after buying an additional 2,652,184 shares in the last quarter. Finally, Morgan Stanley raised its position in shares of Philip Morris International by 3.2% in the third quarter. Morgan Stanley now owns 13,564,812 shares of the company’s stock valued at $1,318,772,000 after buying an additional 420,084 shares in the last quarter. 71.65% of the stock is owned by institutional investors and hedge funds.

Nicolet Bankshares Inc. decreased its stake in Philip Morris International Inc. (NYSE:PM) by 7.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 9,207 shares of the company’s stock after selling 737 shares during the period. Nicolet Bankshares Inc.’s holdings in Philip Morris International were worth $1,039,000 at the end of the most recent quarter.

Shares of Philip Morris International Inc. (NYSE PM) opened at 121.79 on Monday. The company has a market capitalization of $189.16 billion, a price-to-earnings ratio of 26.96 and a beta of 0.94. Philip Morris International Inc. has a 1-year low of $86.78 and a 1-year high of $121.82. The stock has a 50 day moving average price of $113.95 and a 200 day moving average price of $103.42.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, April 20th. The company reported $0.98 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by $0.05. Philip Morris International had a negative return on equity of 64.94% and a net margin of 9.30%. The business had revenue of $6.06 billion for the quarter, compared to the consensus estimate of $6.47 billion. During the same period in the prior year, the business posted $0.98 earnings per share. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. Analysts forecast that Philip Morris International Inc. will post $4.90 earnings per share for the current year.

Several equities analysts recently issued reports on PM shares. Vetr lowered Philip Morris International from a “hold” rating to a “sell” rating and set a $97.64 price target on the stock. in a research note on Monday, February 6th. Citigroup Inc restated a “buy” rating on shares of Philip Morris International in a research note on Wednesday, February 8th. Cowen and Company restated an “outperform” rating and set a $120.00 price target on shares of Philip Morris International in a research note on Wednesday, April 19th. Jefferies Group LLC restated a “hold” rating and set a $104.00 price target on shares of Philip Morris International in a research note on Friday, February 17th. Finally, Zacks Investment Research upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $126.00 price target on the stock in a research note on Wednesday, March 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company’s stock. Philip Morris International has an average rating of “Buy” and a consensus price target of $119.08.

About Philip Morris International Philip Morris International Inc is a holding company. The Company is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “PM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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