Nikko Asset Management Americas Inc. raised its stake in Philip Morris International Inc. (NYSE:PM) by 624.5% during the third quarter, according to its most recent filing with the SEC. The fund owned 35,500 shares of the company’s stock after buying an additional 30,600 shares during the period. Nikko Asset Management Americas Inc.’s holdings in Philip Morris International were worth $3,450,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of PM. Welch Group LLC boosted its stake in Philip Morris International by 2.8% in the third quarter. Welch Group LLC now owns 6,851 shares of the company’s stock worth $666,000 after buying an additional 184 shares during the last quarter. Capital One National Association boosted its stake in Philip Morris International by 3.6% in the third quarter. Capital One National Association now owns 84,497 shares of the company’s stock worth $8,215,000 after buying an additional 2,941 shares during the last quarter. Northstar Investment Advisors LLC boosted its stake in Philip Morris International by 6.7% in the third quarter. Northstar Investment Advisors LLC now owns 99,686 shares of the company’s stock worth $9,575,000 after buying an additional 6,254 shares during the last quarter. Stoneridge Investment Partners LLC boosted its stake in Philip Morris International by 365.7% in the third quarter. Stoneridge Investment Partners LLC now owns 67,054 shares of the company’s stock worth $6,519,000 after buying an additional 52,655 shares during the last quarter. Finally, Enterprise Financial Services Corp boosted its stake in Philip Morris International by 3.3% in the third quarter. Enterprise Financial Services Corp now owns 6,694 shares of the company’s stock worth $650,000 after buying an additional 213 shares during the last quarter. Hedge funds and other institutional investors own 70.27% of the company’s stock.

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

Philip Morris International Inc. (NYSE:PM) traded up 0.40% during mid-day trading on Tuesday, hitting $90.60. The stock had a trading volume of 4,130,679 shares. Philip Morris International Inc. has a one year low of $84.46 and a one year high of $104.20. The company has a market cap of $140.55 billion, a PE ratio of 21.67 and a beta of 0.91. The firm’s 50-day moving average price is $93.71 and its 200 day moving average price is $98.33.

Philip Morris International (NYSE:PM) last announced its 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 earned $6.98 billion during the quarter, compared to the consensus estimate of $7.01 billion. Philip Morris International had a negative return on equity of 59.94% and a net margin of 8.77%. The business’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the prior year, the company posted $1.24 EPS. On average, equities research analysts anticipate that Philip Morris International Inc. will post $4.53 EPS for the current year.

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A number of equities research analysts have commented on the stock. Vetr cut shares of Philip Morris International from a “strong-buy” rating to a “buy” rating and set a $100.12 target price on the stock. in a research note on Monday, November 21st. Jefferies Group reaffirmed a “hold” rating and set a $94.00 price objective (down from $101.00) on shares of Philip Morris International in a report on Saturday, November 19th. Zacks Investment Research lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Tuesday, November 15th. 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. Finally, Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a $118.00 price objective (up from $116.00) on shares of Philip Morris International in a report on Friday, October 21st. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $104.82.

In other news, Director Jun Makihara acquired 2,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, November 17th. The stock was purchased at an average cost of $89.22 per share, with a total value of $178,440.00. The purchase was disclosed in a filing with the SEC, which is accessible 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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