Advisors Asset Management Inc. cut its stake in shares of Philip Morris International Inc. (NYSE:PM) by 2.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 338,350 shares of the company’s stock after selling 10,065 shares during the period. Philip Morris International accounts for 0.5% of Advisors Asset Management Inc.’s portfolio, making the stock its 17th largest position. Advisors Asset Management Inc.’s holdings in Philip Morris International were worth $32,894,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Emerald Acquisition Ltd. bought a new stake in Philip Morris International during the second quarter valued at approximately $272,521,000. Vanguard Group Inc. increased its stake in Philip Morris International by 2.6% in the second quarter. Vanguard Group Inc. now owns 99,323,022 shares of the company’s stock valued at $10,103,138,000 after buying an additional 2,501,571 shares during the last quarter. Bank of Montreal Can bought a new stake in Philip Morris International during the second quarter valued at approximately $173,009,000. BlackRock Fund Advisors increased its stake in Philip Morris International by 6.6% in the second quarter. BlackRock Fund Advisors now owns 25,591,100 shares of the company’s stock valued at $2,603,127,000 after buying an additional 1,590,036 shares during the last quarter. Finally, Analytic Investors LLC increased its stake in Philip Morris International by 661.4% in the second quarter. Analytic Investors LLC now owns 1,407,638 shares of the company’s stock valued at $143,185,000 after buying an additional 1,222,768 shares during the last quarter. 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 down 0.56% during trading on Wednesday, reaching $90.09. 1,190,769 shares of the company’s stock traded hands. Philip Morris International Inc. has a 1-year low of $84.46 and a 1-year high of $104.20. The firm has a market capitalization of $139.76 billion, a PE ratio of 21.55 and a beta of 0.91. The firm has a 50 day moving average of $93.71 and a 200 day moving average of $98.33.

Philip Morris International (NYSE:PM) last released its 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. Philip Morris International had a net margin of 8.77% and a negative return on equity of 59.94%. The company earned $6.98 billion during the quarter, compared to analysts’ expectations of $7.01 billion. During the same quarter last year, the business earned $1.24 EPS. The business’s revenue was up .8% on a year-over-year basis. Equities analysts forecast that Philip Morris International Inc. will post $4.53 EPS for the current year.

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Several research analysts recently issued reports on the stock. Goldman Sachs Group Inc. raised shares of Philip Morris International from a “neutral” rating to a “buy” rating and raised their target price for the stock from $106.00 to $114.00 in a report on Monday, September 12th. Citigroup Inc. assumed coverage on shares of Philip Morris International in a report on Tuesday, September 13th. They set a “neutral” rating and a $106.00 target price for the company. Vetr raised shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $110.00 target price for the company in a report on Tuesday, September 13th. Wells Fargo & Co. reissued an “outperform” rating on shares of Philip Morris International in a report on Thursday, September 15th. Finally, Zacks Investment Research raised shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $111.00 target price for the company in a report on Tuesday, September 20th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $104.82.

In related news, Director Jun Makihara purchased 2,000 shares of the business’s stock in a transaction dated Thursday, November 17th. The stock was acquired at an average price of $89.22 per share, for a total transaction of $178,440.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.25% of the stock is currently owned by insiders.

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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