Farmers & Merchants Investments Inc. raised its position in shares of Philip Morris International Inc (NYSE:PM) by 2.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,929 shares of the company’s stock after buying an additional 69 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Philip Morris International were worth $344,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of PM. HighTower Advisors LLC increased its position in Philip Morris International by 1.4% in the first quarter. HighTower Advisors LLC now owns 514,313 shares of the company’s stock worth $58,076,000 after buying an additional 7,050 shares in the last quarter. Bank of Montreal Can increased its position in Philip Morris International by 7.2% in the first quarter. Bank of Montreal Can now owns 1,931,493 shares of the company’s stock worth $218,066,000 after buying an additional 128,993 shares in the last quarter. Canada Pension Plan Investment Board increased 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 in the last quarter. Trust Co increased its position in Philip Morris International by 4.4% in the fourth quarter. Trust Co now owns 8,230 shares of the company’s stock worth $753,000 after buying an additional 348 shares in the last quarter. Finally, First Manhattan Co. increased its position in Philip Morris International by 1.6% in the first quarter. First Manhattan Co. now owns 1,724,204 shares of the company’s stock worth $167,627,000 after buying an additional 26,507 shares in the last quarter. Institutional investors own 72.30% of the company’s stock.

Philip Morris International Inc (PM) traded up 0.77% during mid-day trading on Monday, hitting $116.22. 993,472 shares of the stock were exchanged. The company has a market cap of $180.51 billion, a P/E ratio of 25.75 and a beta of 0.93. The company has a 50-day moving average price of $117.20 and a 200-day moving average price of $113.64. Philip Morris International Inc has a one year low of $86.78 and a one year high of $123.55.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, July 20th. The company reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by $0.09. Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. The business had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $7.11 billion. During the same quarter in the prior year, the firm earned $1.15 EPS. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. Analysts forecast that Philip Morris International Inc will post $4.83 earnings per share for the current fiscal year.

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A number of research analysts recently issued reports on PM shares. TheStreet upgraded shares of Philip Morris International from a “c+” rating to a “b-” rating in a research report on Thursday, July 20th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $133.00 price objective (down previously from $134.00) on shares of Philip Morris International in a research report on Saturday, July 22nd. Vetr downgraded shares of Philip Morris International from a “hold” rating to a “sell” rating and set a $111.99 price objective for the company. in a research report on Monday, May 22nd. Bank of America Corporation upped their price objective on shares of Philip Morris International from $120.00 to $123.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 30th. Finally, BidaskClub downgraded shares of Philip Morris International from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Philip Morris International presently has an average 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.

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

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