AGF Investments America Inc. lifted its stake in shares of Philip Morris International Inc. (NYSE:PM) by 1.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,125 shares of the company’s stock after acquiring an additional 793 shares during the quarter. Philip Morris International accounts for 1.4% of AGF Investments America Inc.’s portfolio, making the stock its 27th largest holding. AGF Investments America Inc.’s holdings in Philip Morris International were worth $3,924,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Shine Investment Advisory Services Inc. boosted its position in shares of Philip Morris International by 90.7% in the second quarter. Shine Investment Advisory Services Inc. now owns 1,245 shares of the company’s stock worth $101,000 after buying an additional 592 shares during the period. Landaas & Co. WI ADV acquired a new stake in shares of Philip Morris International in the second quarter worth $106,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of Philip Morris International in the second quarter worth $108,000. BerganKDV Wealth Management LLC acquired a new stake in shares of Philip Morris International in the second quarter worth $123,000. Finally, Westbourne Investment Advisors Inc. acquired a new stake in shares of Philip Morris International in the third quarter worth $148,000. 72.55% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently commented on PM. Zacks Investment Research raised Philip Morris International from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. Societe Generale set a $95.00 target price on Philip Morris International and gave the stock a “hold” rating in a research report on Monday, October 22nd. Citigroup raised their target price on Philip Morris International from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, October 19th. ValuEngine raised Philip Morris International from a “sell” rating to a “hold” rating in a research report on Thursday, October 18th. Finally, Sanford C. Bernstein began coverage on Philip Morris International in a research report on Tuesday, October 16th. They issued an “outperform” rating and a $97.00 target price for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $94.73.

PM opened at $85.83 on Friday. The firm has a market cap of $136.74 billion, a P/E ratio of 17.41, a PEG ratio of 2.01 and a beta of 0.58. Philip Morris International Inc. has a 1 year low of $76.21 and a 1 year high of $111.25.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, October 18th. The company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.16. The firm had revenue of $7.50 billion during the quarter, compared to analysts’ expectations of $7.16 billion. Philip Morris International had a negative return on equity of 78.80% and a net margin of 8.20%. The business’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter last year, the firm earned $1.27 earnings per share. Equities analysts forecast that Philip Morris International Inc. will post 5.01 EPS for the current year.

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Philip Morris International Company Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, Philip Morris, Merit, Virginia S., Muratti, and Next.

Read More: Cost of Debt

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

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