RGT Capital Management Ltd. purchased a new position in shares of Philip Morris International Inc (NYSE:PM) during the third quarter, Holdings Channel reports. The fund purchased 2,372 shares of the company’s stock, valued at approximately $230,000.

Other large investors have also added to or reduced their stakes in the company. Ausdal Financial Partners Inc. boosted its stake in Philip Morris International by 1.3% in the second quarter. Ausdal Financial Partners Inc. now owns 13,032 shares of the company’s stock worth $1,326,000 after buying an additional 167 shares in the last quarter. Alley Co LLC boosted its stake in Philip Morris International by 2.0% in the second quarter. Alley Co LLC now owns 58,612 shares of the company’s stock worth $5,962,000 after buying an additional 1,136 shares in the last quarter. Signaturefd LLC boosted its stake in Philip Morris International by 310.4% in the second quarter. Signaturefd LLC now owns 22,885 shares of the company’s stock worth $2,328,000 after buying an additional 17,309 shares in the last quarter. Glenview State Bank Trust DEPT. boosted its stake in Philip Morris International by 18.7% in the second quarter. Glenview State Bank Trust DEPT. now owns 8,241 shares of the company’s stock worth $838,000 after buying an additional 1,300 shares in the last quarter. Finally, Proficio Capital Partners LLC boosted its stake in Philip Morris International by 5.3% in the second quarter. Proficio Capital Partners LLC now owns 8,335 shares of the company’s stock worth $826,000 after buying an additional 418 shares in the last quarter. 71.65% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Philip Morris International Inc (NYSE:PM) opened at 102.99 on Friday. Philip Morris International Inc has a 1-year low of $86.78 and a 1-year high of $104.20. The stock has a 50 day moving average price of $95.99 and a 200 day moving average price of $95.72. The firm has a market capitalization of $159.78 billion, a PE ratio of 22.99 and a beta of 0.94.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, February 2nd. The company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by $0.02. The company earned $7 billion during the quarter, compared to the consensus estimate of $6.68 billion. Philip Morris International had a net margin of 9.30% and a negative return on equity of 64.94%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.81 earnings per share. Equities research analysts anticipate that Philip Morris International Inc will post $4.80 earnings per share for the current fiscal year.

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A number of research firms recently weighed in on PM. Citigroup Inc. reaffirmed a “buy” rating on shares of Philip Morris International in a report on Wednesday, February 8th. Vetr cut Philip Morris International from a “hold” rating to a “sell” rating and set a $97.64 price target for the company. in a report on Monday, February 6th. Goldman Sachs Group, Inc. (The) raised their price target on Philip Morris International from $101.00 to $110.00 and gave the company a “buy” rating in a report on Friday, February 3rd. Jefferies Group LLC reaffirmed a “hold” rating and set a $101.00 price target (up from $99.00) on shares of Philip Morris International in a report on Saturday, October 22nd. Finally, Zacks Investment Research raised Philip Morris International from a “sell” rating to a “hold” rating in a report on Wednesday, January 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $104.97.

About Philip Morris International

Philip Morris International Inc is a holding company engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. The Company’s products are sold in over 180 markets. Its segments include European Union; Eastern Europe, Middle East & Africa; Asia, and Latin America & Canada.

5 Day Chart for NYSE:PM

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