Oliver Luxxe Assets LLC maintained its stake in shares of Philip Morris International Inc. (NYSE:PM) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,610 shares of the company’s stock at the end of the third quarter. Oliver Luxxe Assets LLC’s holdings in Philip Morris International were worth $1,712,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the company. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased 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 worth $101,000 after buying an additional 700 shares during the period. Glassman Wealth Services increased 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 worth $102,000 after buying an additional 4 shares during the period. Acropolis Investment Management LLC increased its stake in Philip Morris International by 0.5% in the third quarter. Acropolis Investment Management LLC now owns 1,059 shares of the company’s stock worth $103,000 after buying an additional 5 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Philip Morris International during the second quarter worth $113,000. Finally, Liberty Capital Management Inc. purchased a new stake in Philip Morris International during the third quarter worth $116,000. Hedge funds and other institutional investors own 70.27% of the company’s stock.

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

Shares of Philip Morris International Inc. (NYSE:PM) traded up 1.06% during mid-day trading on Monday, reaching $90.24. The company had a trading volume of 5,077,234 shares. The stock has a market capitalization of $139.99 billion, a P/E ratio of 21.59 and a beta of 0.91. Philip Morris International Inc. has a 12-month low of $84.46 and a 12-month high of $104.20. The firm’s 50 day moving average is $93.71 and its 200-day moving average is $98.33.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, October 18th. The company reported $1.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.02. The business had revenue of $6.98 billion for the quarter, compared to analysts’ expectations of $7.01 billion. Philip Morris International had a net margin of 8.77% and a negative return on equity of 59.94%. The company’s revenue was up .8% compared to the same quarter last year. During the same quarter last year, the company posted $1.24 EPS. On average, analysts expect that Philip Morris International Inc. will post $4.53 earnings per share for the current fiscal year.

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PM has been the subject of a number of recent research reports. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a $116.00 price target (up from $114.00) on shares of Philip Morris International in a research note on Monday, October 3rd. Zacks Investment Research raised Philip Morris International from a “hold” rating to a “buy” rating and set a $111.00 price objective on the stock in a research note on Tuesday, September 20th. Vetr raised Philip Morris International from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a research note on Tuesday, September 13th. Finally, Jefferies Group initiated coverage on Philip Morris International in a research note on Wednesday, September 21st. They issued a “hold” rating and a $96.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Philip Morris International has a consensus rating of “Buy” and an average target price of $104.82.

In other Philip Morris International news, Director Jun Makihara purchased 2,000 shares of the company’s stock in a transaction dated Thursday, November 17th. The shares were acquired at an average price of $89.22 per share, for a total transaction of $178,440.00. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.25% of the company’s stock.

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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