Caisse DE Depot ET Placement DU Quebec grew its stake in Philip Morris International Inc. (NYSE:PM) by 157.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 408,933 shares of the company’s stock after purchasing an additional 249,820 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Philip Morris International were worth $45,587,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in PM. Vanguard Group Inc. raised its stake in Philip Morris International by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 111,475,174 shares of the company’s stock valued at $13,092,759,000 after purchasing an additional 2,972,929 shares during the last quarter. BlackRock Inc. increased its stake in shares of Philip Morris International by 2.7% in the 2nd quarter. BlackRock Inc. now owns 91,796,829 shares of the company’s stock worth $10,781,538,000 after acquiring an additional 2,421,533 shares during the last quarter. FMR LLC increased its stake in shares of Philip Morris International by 12.5% in the 2nd quarter. FMR LLC now owns 20,919,201 shares of the company’s stock worth $2,456,960,000 after acquiring an additional 2,330,864 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Philip Morris International by 2.9% in the 2nd quarter. Legal & General Group Plc now owns 7,422,457 shares of the company’s stock worth $871,687,000 after acquiring an additional 210,869 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in shares of Philip Morris International by 6.1% in the 2nd quarter. Royal Bank of Canada now owns 6,954,881 shares of the company’s stock worth $816,852,000 after acquiring an additional 397,015 shares during the last quarter. Institutional investors and hedge funds own 72.31% of the company’s stock.
A number of equities analysts recently commented on the company. Zacks Investment Research cut Philip Morris International from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $137.00 price objective (up previously from $130.00) on shares of Philip Morris International in a research note on Thursday, January 11th. Wells Fargo & Co reissued an “outperform” rating and set a $135.00 target price (down previously from $140.00) on shares of Philip Morris International in a research report on Wednesday, November 15th. Citigroup cut their target price on Philip Morris International from $117.00 to $114.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 16th. Finally, Jefferies Group raised Philip Morris International from a “hold” rating to a “buy” rating and set a $124.00 target price on the stock in a research report on Friday, January 19th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $123.79.
Shares of Philip Morris International Inc. (PM) opened at $102.40 on Tuesday. The company has a market capitalization of $159,050.00, a price-to-earnings ratio of 26.46, a price-to-earnings-growth ratio of 1.99 and a beta of 0.85. Philip Morris International Inc. has a 12-month low of $96.66 and a 12-month high of $123.55. The company has a current ratio of 1.35, a quick ratio of 0.68 and a debt-to-equity ratio of -3.06.
Philip Morris International (NYSE:PM) last released its earnings results on Thursday, February 8th. The company reported $1.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.35 by ($0.04). The business had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.17 billion. Philip Morris International had a net margin of 7.73% and a negative return on equity of 71.99%. The business’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.10 earnings per share. equities analysts predict that Philip Morris International Inc. will post 5.28 EPS for the current year.
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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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