Robeco Institutional Asset Management B.V. purchased a new stake in Philip Morris International Inc. (NYSE:PM) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 74,065 shares of the company’s stock, valued at approximately $6,039,000.

Other hedge funds also recently bought and sold shares of the company. Shine Investment Advisory Services Inc. lifted its stake in Philip Morris International by 90.7% during the second quarter. Shine Investment Advisory Services Inc. now owns 1,245 shares of the company’s stock worth $101,000 after purchasing an additional 592 shares in the last quarter. Pictet & Cie Europe SA lifted its stake in Philip Morris International by 7.3% during the second quarter. Pictet & Cie Europe SA now owns 9,173 shares of the company’s stock worth $741,000 after purchasing an additional 627 shares in the last quarter. InterOcean Capital LLC lifted its stake in Philip Morris International by 11.3% during the second quarter. InterOcean Capital LLC now owns 6,274 shares of the company’s stock worth $507,000 after purchasing an additional 636 shares in the last quarter. Strategic Financial Group LLC lifted its stake in Philip Morris International by 20.7% during the second quarter. Strategic Financial Group LLC now owns 3,732 shares of the company’s stock worth $301,000 after purchasing an additional 639 shares in the last quarter. Finally, Bienville Capital Management LLC lifted its stake in Philip Morris International by 18.7% during the second quarter. Bienville Capital Management LLC now owns 4,077 shares of the company’s stock worth $334,000 after purchasing an additional 643 shares in the last quarter. Institutional investors and hedge funds own 72.31% of the company’s stock.

A number of research analysts have commented on PM shares. Piper Jaffray Companies set a $99.00 price target on Philip Morris International and gave the stock a “buy” rating in a research note on Wednesday, October 10th. Citigroup upped their price target on Philip Morris International from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, October 19th. Argus upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a research note on Wednesday, July 25th. Zacks Investment Research upgraded Philip Morris International from a “sell” rating to a “hold” rating in a research note on Wednesday, October 24th. Finally, Societe Generale set a $95.00 price objective on Philip Morris International and gave the company a “hold” rating in a research note on Monday, October 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company’s stock. Philip Morris International presently has a consensus rating of “Hold” and an average price target of $94.73.

Shares of NYSE PM opened at $86.55 on Wednesday. The firm has a market capitalization of $136.22 billion, a PE ratio of 17.56, a P/E/G ratio of 2.01 and a beta of 0.58. Philip Morris International Inc. has a 12-month low of $76.21 and a 12-month high of $111.25.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, October 18th. The company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.16. The business had revenue of $7.50 billion for 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 company’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period last year, the firm earned $1.27 earnings per share. Analysts anticipate 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.

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

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