Exxonmobil Investment Management Inc. TX cut its stake in shares of Philip Morris International Inc. (NYSE:PM) by 1.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 396,109 shares of the company’s stock after selling 5,436 shares during the period. Philip Morris International makes up approximately 0.8% of Exxonmobil Investment Management Inc. TX’s holdings, making the stock its 27th largest position. Exxonmobil Investment Management Inc. TX’s holdings in Philip Morris International were worth $38,510,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Emerald Acquisition Ltd. bought a new stake in shares of Philip Morris International during the second quarter worth about $272,521,000. Vanguard Group Inc. increased its stake in shares of Philip Morris International by 2.6% in the second quarter. Vanguard Group Inc. now owns 99,323,022 shares of the company’s stock worth $10,103,138,000 after buying an additional 2,501,571 shares during the period. Bank of Montreal Can bought a new stake in shares of Philip Morris International during the second quarter worth about $173,009,000. BlackRock Fund Advisors increased its stake in shares of Philip Morris International by 6.6% in the second quarter. BlackRock Fund Advisors now owns 25,591,100 shares of the company’s stock worth $2,603,127,000 after buying an additional 1,590,036 shares during the period. Finally, Analytic Investors LLC increased its stake in shares of Philip Morris International by 661.4% in the second quarter. Analytic Investors LLC now owns 1,407,638 shares of the company’s stock worth $143,185,000 after buying an additional 1,222,768 shares during the period. 70.27% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Philip Morris International Inc. (NYSE:PM) traded down 0.07% during midday trading on Tuesday, hitting $90.18. The stock had a trading volume of 280,615 shares. The company has a market cap of $139.90 billion, a P/E ratio of 21.57 and a beta of 0.91. The stock has a 50 day moving average of $93.71 and a 200-day moving average of $98.33. Philip Morris International Inc. has a one year low of $84.46 and a one year high of $104.20.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Tuesday, October 18th. The company reported $1.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.02. The company earned $6.98 billion during the quarter, compared to analyst estimates of $7.01 billion. Philip Morris International had a negative return on equity of 59.94% and a net margin of 8.77%. The firm’s revenue was up .8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.24 earnings per share. Analysts forecast that Philip Morris International Inc. will post $4.53 EPS for the current fiscal year.

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A number of equities analysts have recently weighed in on PM shares. Goldman Sachs Group Inc. reiterated a “buy” rating and set a $116.00 price target (up from $114.00) on shares of Philip Morris International in a report on Monday, October 3rd. Zacks Investment Research upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $111.00 price target for the company in a report on Tuesday, September 20th. Vetr upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a report on Tuesday, September 13th. Finally, Jefferies Group started coverage on Philip Morris International in a report on Wednesday, September 21st. They set a “hold” rating and a $96.00 price target for the company. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Philip Morris International currently has a consensus rating of “Buy” and a consensus target price of $104.82.

In other news, Director Jun Makihara purchased 2,000 shares of the company’s stock in a transaction on Thursday, November 17th. The stock was bought at an average cost of $89.22 per share, for a total transaction of $178,440.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company 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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