Capital One National Association increased its position in shares of Philip Morris International Inc. (NYSE:PM) by 3.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 84,497 shares of the company’s stock after buying an additional 2,941 shares during the period. Capital One National Association’s holdings in Philip Morris International were worth $8,215,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PM. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in shares of 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 last quarter. Glassman Wealth Services raised its position in shares of 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 last quarter. Acropolis Investment Management LLC raised its position in shares of Philip Morris International by 0.5% in the third quarter. Acropolis Investment Management LLC now owns 1,059 shares of the company’s stock valued at $103,000 after buying an additional 5 shares during the last quarter. Cornerstone Advisors Inc. raised its position in shares of Philip Morris International by 1.1% in the third quarter. Cornerstone Advisors Inc. now owns 1,155 shares of the company’s stock valued at $112,000 after buying an additional 13 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Philip Morris International during the second quarter valued at approximately $113,000. 70.27% of the stock is owned by institutional investors and hedge funds.

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

Shares of Philip Morris International Inc. (NYSE:PM) traded up 0.16% during midday trading on Tuesday, reaching $90.38. The company had a trading volume of 2,438,606 shares. Philip Morris International Inc. has a 1-year low of $84.46 and a 1-year high of $104.20. The firm’s 50 day moving average price is $93.71 and its 200-day moving average price is $98.33. The stock has a market capitalization of $140.21 billion, a price-to-earnings ratio of 21.62 and a beta of 0.91.

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

COPYRIGHT VIOLATION WARNING: “Philip Morris International Inc. (PM) Position Increased by Capital One National Association” was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The correct version of this article can be viewed at https://www.thecerbatgem.com/2016/11/29/philip-morris-international-inc-pm-position-increased-by-capital-one-national-association.html.

A number of analysts recently weighed in on the company. Zacks Investment Research downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research report on Friday, September 23rd. restated an “outperform” rating on shares of Philip Morris International in a research report on Sunday, September 25th. Wells Fargo & Co. restated an “outperform” rating and issued a $115.00 target price on shares of Philip Morris International in a research report on Thursday, September 22nd. Citigroup Inc. assumed coverage on Philip Morris International in a research report on Tuesday, September 13th. They issued a “neutral” rating and a $106.00 target price for the company. Finally, Morgan Stanley restated an “overweight” rating and issued a $110.00 target price on shares of Philip Morris International in a research report on Tuesday, September 27th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $104.82.

In related news, Director Jun Makihara bought 2,000 shares of the company’s stock in a transaction dated Thursday, November 17th. The stock was purchased at an average price of $89.22 per share, for a total transaction of $178,440.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.25% of the stock is owned by insiders.

About Philip Morris International

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

Receive News & Stock Ratings for Philip Morris International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International Inc. and related stocks with our FREE daily email newsletter.