Robeco Institutional Asset Management B.V. Has $110.21 Million Holdings in Philip Morris International Inc (PM)

Robeco Institutional Asset Management B.V. lessened its stake in Philip Morris International Inc (NYSE:PM) by 7.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 938,351 shares of the company’s stock after selling 78,688 shares during the quarter. Philip Morris International comprises about 0.7% of Robeco Institutional Asset Management B.V.’s holdings, making the stock its 29th largest holding. Robeco Institutional Asset Management B.V. owned approximately 0.06% of Philip Morris International worth $110,210,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PM. Guidant Wealth Advisors boosted its stake in shares of Philip Morris International by 25.5% during the 2nd quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock valued at $110,000 after buying an additional 191 shares during the last quarter. American Beacon Advisors Inc. purchased a new position in shares of Philip Morris International during the 1st quarter valued at approximately $114,000. Acropolis Investment Management LLC boosted its stake in shares of Philip Morris International by 0.5% during the 2nd quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock valued at $123,000 after buying an additional 5 shares during the last quarter. Burt Wealth Advisors boosted its stake in shares of Philip Morris International by 33.0% during the 2nd quarter. Burt Wealth Advisors now owns 1,613 shares of the company’s stock valued at $189,000 after buying an additional 400 shares during the last quarter. Finally, Sterling Investment Advisors Ltd. boosted its stake in shares of Philip Morris International by 23.2% during the 1st quarter. Sterling Investment Advisors Ltd. now owns 1,765 shares of the company’s stock valued at $199,000 after buying an additional 332 shares during the last quarter. Hedge funds and other institutional investors own 72.22% of the company’s stock.

Several equities analysts have recently commented on the company. Zacks Investment Research upgraded Philip Morris International from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Piper Jaffray Companies reiterated a “buy” rating and set a $130.00 target price on shares of Philip Morris International in a research note on Sunday, October 22nd. Jefferies Group LLC reiterated a “hold” rating and set a $114.00 target price on shares of Philip Morris International in a research note on Friday, October 20th. Bank of America Corporation reduced their target price on Philip Morris International from $124.00 to $121.00 and set a “neutral” rating for the company in a research note on Friday, October 20th. Finally, Societe Generale upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday, October 20th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $124.62.

In other Philip Morris International news, Chairman Louis C. Camilleri sold 108,979 shares of the stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $108.38, for a total value of $11,811,144.02. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Drago Azinovic sold 14,000 shares of the stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $116.00, for a total value of $1,624,000.00. The disclosure for this sale can be found here. 0.23% of the stock is owned by company insiders.

Shares of Philip Morris International Inc (NYSE:PM) opened at $103.51 on Tuesday. Philip Morris International Inc has a 52-week low of $86.78 and a 52-week high of $123.55. The company has a quick ratio of 0.68, a current ratio of 1.13 and a debt-to-equity ratio of -2.91. The firm has a market capitalization of $160,010.95, a price-to-earnings ratio of 22.94, a price-to-earnings-growth ratio of 2.08 and a beta of 0.91.

Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, October 19th. The company reported $1.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.38 by ($0.11). Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. The company had revenue of $7.50 billion during the quarter, compared to analyst estimates of $7.75 billion. During the same period in the prior year, the business earned $1.25 earnings per share. Philip Morris International’s quarterly revenue was up 7.4% on a year-over-year basis. equities analysts anticipate that Philip Morris International Inc will post 4.76 EPS for the current fiscal year.

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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.

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

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