Tower Bridge Advisors decreased its stake in shares of Philip Morris International Inc (NYSE:PM) by 3.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,015 shares of the company’s stock after selling 675 shares during the period. Tower Bridge Advisors’ holdings in Philip Morris International were worth $1,921,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in Philip Morris International during the fourth quarter worth $351,755,000. C WorldWide Group Holding A S raised its position in Philip Morris International by 70.9% in the first quarter. C WorldWide Group Holding A S now owns 3,027,193 shares of the company’s stock worth $341,770,000 after buying an additional 1,255,776 shares during the last quarter. Franklin Resources Inc. raised its position in Philip Morris International by 16.5% in the fourth quarter. Franklin Resources Inc. now owns 8,753,376 shares of the company’s stock worth $800,847,000 after buying an additional 1,240,300 shares during the last quarter. Canada Pension Plan Investment Board raised its position in Philip Morris International by 42.0% in the first quarter. Canada Pension Plan Investment Board now owns 2,091,110 shares of the company’s stock worth $236,086,000 after buying an additional 618,100 shares during the last quarter. Finally, Janus Capital Management LLC increased its stake in shares of Philip Morris International by 31.8% in the fourth quarter. Janus Capital Management LLC now owns 2,066,809 shares of the company’s stock worth $189,092,000 after buying an additional 498,361 shares during the period. 72.30% of the stock is owned by hedge funds and other institutional investors.

Shares of Philip Morris International Inc (NYSE:PM) traded down 0.52% on Friday, hitting $115.33. The stock had a trading volume of 4,178,162 shares. The company’s 50 day moving average price is $117.20 and its 200-day moving average price is $113.64. The company has a market cap of $179.13 billion, a P/E ratio of 25.56 and a beta of 0.93. Philip Morris International Inc has a 12 month low of $86.78 and a 12 month high of $123.55.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, July 20th. The company reported $1.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by $0.09. The company had revenue of $6.92 billion during the quarter, compared to analyst estimates of $7.11 billion. Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period last year, the firm earned $1.15 EPS. On average, analysts expect that Philip Morris International Inc will post $4.83 earnings per share for the current year.

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A number of brokerages have recently issued reports on PM. Jefferies Group LLC reiterated a “hold” rating and set a $121.00 price target on shares of Philip Morris International in a research report on Tuesday, June 20th. Vetr downgraded Philip Morris International from a “hold” rating to a “sell” rating and set a $108.70 target price for the company. in a research report on Monday, May 8th. SBG Securities upgraded Philip Morris International from a “sell” rating to a “hold” rating and boosted their target price for the stock from $118.00 to $119.00 in a research report on Friday, August 11th. BidaskClub upgraded Philip Morris International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 21st. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $118.00 price objective on shares of Philip Morris International in a research report on Sunday, April 23rd. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $121.79.

Philip Morris International Company Profile

Philip Morris International Inc is a holding company. The Company is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada.

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

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