NS Partners Ltd increased its position in shares of Philip Morris International Inc (NYSE:PM) by 168.0% during the first quarter, Holdings Channel reports. The firm owned 153,882 shares of the company’s stock after buying an additional 96,460 shares during the period. Philip Morris International accounts for 2.5% of NS Partners Ltd’s investment portfolio, making the stock its 4th largest position. NS Partners Ltd’s holdings in Philip Morris International were worth $17,373,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hudock Capital Group LLC raised its position in Philip Morris International by 0.3% in the first quarter. Hudock Capital Group LLC now owns 3,136 shares of the company’s stock worth $354,000 after buying an additional 10 shares during the period. Newman Dignan & Sheerar Inc. increased its stake in shares of Philip Morris International by 0.3% in the first quarter. Newman Dignan & Sheerar Inc. now owns 5,926 shares of the company’s stock worth $669,000 after buying an additional 20 shares during the period. Argent Capital Management LLC increased its stake in shares of Philip Morris International by 0.6% in the first quarter. Argent Capital Management LLC now owns 3,260 shares of the company’s stock worth $368,000 after buying an additional 20 shares during the period. Quotient Investors LLC increased its stake in shares of Philip Morris International by 0.4% in the first quarter. Quotient Investors LLC now owns 5,130 shares of the company’s stock worth $579,000 after buying an additional 22 shares during the period. Finally, Klingman & Associates LLC increased its stake in shares of Philip Morris International by 1.1% in the first quarter. Klingman & Associates LLC now owns 2,442 shares of the company’s stock worth $276,000 after buying an additional 26 shares during the period. Hedge funds and other institutional investors own 72.45% of the company’s stock.

Philip Morris International Inc (NYSE PM) traded up 0.78% during mid-day trading on Friday, hitting $115.11. The stock had a trading volume of 670,610 shares. Philip Morris International Inc has a one year low of $86.78 and a one year high of $123.55. The company has a 50 day moving average price of $117.70 and a 200 day moving average price of $112.79. The stock has a market cap of $178.79 billion, a P/E ratio of 25.51 and a beta of 0.93.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, July 20th. The company reported $1.14 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $6.92 billion during the quarter, compared to analyst estimates of $7.11 billion. During the same quarter in the previous year, the business posted $1.15 EPS. Philip Morris International’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, equities analysts anticipate that Philip Morris International Inc will post $4.83 EPS for the current year.

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A number of analysts have issued reports on PM shares. TheStreet raised Philip Morris International from a “c+” rating to a “b-” rating in a report on Thursday, July 20th. Stifel Nicolaus reaffirmed a “buy” rating and set a $118.00 price target on shares of Philip Morris International in a report on Sunday, April 23rd. BidaskClub downgraded Philip Morris International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Vetr raised Philip Morris International from a “strong sell” rating to a “buy” rating and set a $128.00 price target for the company in a report on Monday, June 26th. Finally, Zacks Investment Research raised Philip Morris International from a “hold” rating to a “buy” rating and set a $132.00 price target for the company in a report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, six have given 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 target price of $122.00.

About Philip Morris International

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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