Tocqueville Asset Management L.P. boosted its stake in Philip Morris International Inc. (NYSE:PM) by 0.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 64,106 shares of the company’s stock after buying an additional 435 shares during the period. Tocqueville Asset Management L.P.’s holdings in Philip Morris International were worth $6,232,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of PM. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in Philip Morris International by 233.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,000 shares of the company’s stock valued at $101,000 after buying an additional 700 shares during the period. Glassman Wealth Services raised its stake in Philip Morris International by 0.4% in the second quarter. Glassman Wealth Services now owns 1,000 shares of the company’s stock worth $102,000 after buying an additional 4 shares during the period. Acropolis Investment Management LLC raised its stake in Philip Morris International by 0.5% in the third quarter. Acropolis Investment Management LLC now owns 1,059 shares of the company’s stock worth $103,000 after buying an additional 5 shares during the period. Cornerstone Advisors Inc. raised its stake in Philip Morris International by 1.1% in the third quarter. Cornerstone Advisors Inc. now owns 1,155 shares of the company’s stock worth $112,000 after buying an additional 13 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in Philip Morris International during the second quarter worth about $113,000. Institutional investors own 70.27% of the company’s stock.

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

Philip Morris International Inc. (NYSE:PM) traded down 2.30% on Wednesday, reaching $88.52. The company’s stock had a trading volume of 5,120,318 shares. Philip Morris International Inc. has a 52 week low of $84.46 and a 52 week high of $104.20. The stock has a market capitalization of $137.33 billion, a P/E ratio of 21.18 and a beta of 0.91. The firm has a 50 day moving average price of $93.71 and a 200 day moving average price of $98.33.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Tuesday, October 18th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.02. Philip Morris International had a negative return on equity of 59.94% and a net margin of 8.77%. The firm earned $6.98 billion during the quarter, compared to the consensus estimate of $7.01 billion. During the same period in the previous year, the firm posted $1.24 EPS. The company’s quarterly revenue was up .8% compared to the same quarter last year. On average, equities analysts anticipate that Philip Morris International Inc. will post $4.53 EPS for the current year.

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PM has been the subject of a number of analyst reports. Goldman Sachs Group Inc. restated a “buy” rating and issued a $116.00 price target (up from $114.00) on shares of Philip Morris International in a research report on Monday, October 3rd. Vetr lowered Philip Morris International from a “strong-buy” rating to a “buy” rating and set a $100.12 price target for the company. in a research report on Monday, November 21st. Zacks Investment Research upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $108.00 price target for the company in a research report on Wednesday, October 5th. Morgan Stanley restated an “overweight” rating and issued a $110.00 price target on shares of Philip Morris International in a research report on Tuesday, September 27th. Finally, Citigroup Inc. restated a “neutral” rating and issued a $106.00 price target on shares of Philip Morris International in a research report on Monday, September 26th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Philip Morris International has an average rating of “Buy” and a consensus price target of $104.82.

In related news, Director Jun Makihara acquired 2,000 shares of the business’s stock in a transaction that occurred on Thursday, November 17th. The stock was purchased at an average cost of $89.22 per share, for a total transaction of $178,440.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.25% of the company’s stock.

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.

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