AGF Investments Inc. boosted its stake in shares of Philip Morris International Inc (NYSE:PM) by 1.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,700,132 shares of the company’s stock after buying an additional 26,653 shares during the quarter. Philip Morris International accounts for approximately 2.3% of AGF Investments Inc.’s portfolio, making the stock its 3rd largest holding. AGF Investments Inc. owned 0.11% of Philip Morris International worth $199,763,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of PM. Amerigo Asset Management acquired a new stake in shares of Philip Morris International in the second quarter valued at approximately $209,061,000. Canada Pension Plan Investment Board grew its position in shares of Philip Morris International by 60.4% in the second quarter. Canada Pension Plan Investment Board now owns 3,353,310 shares of the company’s stock valued at $393,846,000 after purchasing an additional 1,262,200 shares during the last quarter. Swiss National Bank grew its position in shares of Philip Morris International by 26.2% in the first quarter. Swiss National Bank now owns 5,726,731 shares of the company’s stock valued at $646,548,000 after purchasing an additional 1,189,800 shares during the last quarter. State Street Corp grew its position in shares of Philip Morris International by 1.8% in the first quarter. State Street Corp now owns 59,926,871 shares of the company’s stock valued at $6,766,079,000 after purchasing an additional 1,058,408 shares during the last quarter. Finally, Harbour Capital Advisors LLC grew its position in shares of Philip Morris International by 11,280.7% in the second quarter. Harbour Capital Advisors LLC now owns 862,200 shares of the company’s stock valued at $7,341,000 after purchasing an additional 854,624 shares during the last quarter. Institutional investors own 72.64% of the company’s stock.

Shares of Philip Morris International Inc (NYSE:PM) traded up $0.96 on Friday, hitting $103.71. 6,318,542 shares of the company traded hands, compared to its average volume of 3,968,172. The company has a quick ratio of 0.68, a current ratio of 1.13 and a debt-to-equity ratio of -2.91. The stock has a market capitalization of $159,591.59, a P/E ratio of 22.88, a price-to-earnings-growth ratio of 2.08 and a beta of 0.90. Philip Morris International Inc has a fifty-two week low of $87.57 and a fifty-two week high of $123.55.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, October 19th. The company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.11). The firm had revenue of $7.50 billion for the quarter, compared to analysts’ expectations of $7.75 billion. Philip Morris International had a net margin of 9.32% and a negative return on equity of 67.59%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.25 EPS. equities research analysts expect that Philip Morris International Inc will post 4.75 earnings per share for the current fiscal year.

Several analysts have recently commented on the stock. Zacks Investment Research lowered shares of Philip Morris International from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. Piper Jaffray Companies set a $134.00 price target on shares of Philip Morris International and gave the company a “buy” rating in a research report on Saturday, August 19th. Goldman Sachs Group upgraded shares of Philip Morris International from a “buy” rating to a “conviction-buy” rating and set a $135.00 price target on the stock in a research report on Thursday, September 28th. SBG Securities upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and increased their price target for the company from $118.00 to $119.00 in a research report on Friday, August 11th. Finally, BidaskClub raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $124.23.

In related news, Chairman Louis C. Camilleri sold 108,979 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $108.38, for a total transaction of $11,811,144.02. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.23% of the company’s stock.

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Philip Morris International 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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