Fundsmith LLP boosted its position in shares of Philip Morris International Inc. (NYSE:PM) by 11.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,367,647 shares of the company’s stock after buying an additional 454,367 shares during the period. Philip Morris International comprises approximately 7.0% of Fundsmith LLP’s investment portfolio, making the stock its 6th largest position. Fundsmith LLP owned approximately 0.28% of Philip Morris International worth $444,277,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the stock. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its stake in Philip Morris International by 233.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,000 shares of the company’s stock valued at $101,000 after buying an additional 700 shares during the period. Glassman Wealth Services boosted its stake in Philip Morris International by 0.4% in the second quarter. Glassman Wealth Services now owns 1,000 shares of the company’s stock valued at $102,000 after buying an additional 4 shares during the period. Acropolis Investment Management LLC boosted its stake in Philip Morris International by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 1,054 shares of the company’s stock valued at $107,000 after buying an additional 5 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Philip Morris International during the second quarter valued at approximately $113,000. Finally, FNY Managed Accounts LLC boosted its stake in Philip Morris International by 257.1% in the second quarter. FNY Managed Accounts LLC now owns 1,250 shares of the company’s stock valued at $127,000 after buying an additional 900 shares during the period. Institutional investors own 71.07% of the company’s stock.

Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

Philip Morris International Inc. (NYSE:PM) opened at 88.7601 on Monday. The stock has a market capitalization of $137.70 billion, a P/E ratio of 21.2345 and a beta of 0.91. The company’s 50-day moving average price is $96.28 and its 200 day moving average price is $99.09. Philip Morris International Inc. has a 52-week low of $83.33 and a 52-week high of $104.20.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, October 18th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.02. Philip Morris International had a negative return on equity of 59.94% and a net margin of 8.77%. The company had revenue of $6.98 billion for the quarter, compared to analysts’ expectations of $7.01 billion. During the same period last year, the firm earned $1.24 EPS. The firm’s revenue for the quarter was up .8% on a year-over-year basis. On average, equities research analysts anticipate that Philip Morris International Inc. will post $4.55 earnings per share for the current year.

A number of research analysts recently weighed in on PM shares. Citigroup Inc. reaffirmed a “neutral” rating and set a $106.00 price objective on shares of Philip Morris International in a report on Friday, October 21st. Zacks Investment Research raised Philip Morris International from a “sell” rating to a “hold” rating in a report on Wednesday, July 20th. Wells Fargo & Co. reaffirmed an “outperform” rating and set a $115.00 price objective on shares of Philip Morris International in a report on Thursday, September 22nd. Goldman Sachs Group Inc. raised Philip Morris International from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $106.00 to $114.00 in a report on Monday, September 12th. Finally, Jefferies Group set a $99.00 price objective on Philip Morris International and gave the stock a “hold” rating in a report on Wednesday, October 5th. Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $105.57.

Philip Morris International Company Profile

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. The Company’s products are sold in over 180 markets. Its segments include European Union; Eastern Europe, Middle East & Africa; Asia, and Latin America & Canada.

5 Day Chart for NYSE:PM

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