TD Asset Management Inc. increased its position in Philip Morris International Inc (NYSE:PM) by 5.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,692,519 shares of the company’s stock after buying an additional 88,517 shares during the period. TD Asset Management Inc. owned about 0.11% of Philip Morris International worth $191,086,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. C WorldWide Group Holding A S boosted its stake in shares of Philip Morris International by 70.9% in the first quarter. C WorldWide Group Holding A S now owns 3,027,193 shares of the company’s stock worth $341,770,000 after buying an additional 1,255,776 shares during the period. Swiss National Bank boosted its stake in shares of Philip Morris International by 26.2% in the first quarter. Swiss National Bank now owns 5,726,731 shares of the company’s stock worth $646,548,000 after buying an additional 1,189,800 shares during the period. Canada Pension Plan Investment Board boosted its stake in shares of Philip Morris International by 42.0% in the first quarter. Canada Pension Plan Investment Board now owns 2,091,110 shares of the company’s stock worth $236,086,000 after buying an additional 618,100 shares during the period. Karp Capital Management Corp boosted its stake in shares of Philip Morris International by 4,117.4% in the first quarter. Karp Capital Management Corp now owns 561,679 shares of the company’s stock worth $63,414,000 after buying an additional 548,361 shares during the period. Finally, Korea Investment CORP boosted its stake in shares of Philip Morris International by 39.1% in the first quarter. Korea Investment CORP now owns 1,290,946 shares of the company’s stock worth $145,748,000 after buying an additional 362,681 shares during the period. 72.02% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Inc (NYSE:PM) traded up 0.44% during trading on Tuesday, hitting $116.05. 376,791 shares of the company were exchanged. The stock has a market capitalization of $180.25 billion, a PE ratio of 25.71 and a beta of 0.93. The firm’s 50 day moving average price is $116.89 and its 200-day moving average price is $114.25. Philip Morris International Inc has a 1-year low of $86.78 and a 1-year high of $123.55.

Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, July 20th. The company reported $1.14 EPS for the quarter, missing the Zacks’ consensus estimate of $1.23 by $0.09. The firm had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $7.11 billion. Philip Morris International had a negative return on equity of 66.18% and a net margin of 9.36%. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.15 earnings per share. Equities analysts predict that Philip Morris International Inc will post $4.82 EPS for the current year.

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A number of equities research analysts have recently issued reports on PM shares. TheStreet raised shares of Philip Morris International from a “c+” rating to a “b-” rating in a research note on Thursday, July 20th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $133.00 price target (down from $134.00) on shares of Philip Morris International in a report on Saturday, July 22nd. Vetr lowered shares of Philip Morris International from a “hold” rating to a “sell” rating and set a $111.99 price target for the company. in a report on Monday, May 22nd. Bank of America Corporation upped their price target on shares of Philip Morris International from $120.00 to $123.00 and gave the company a “neutral” rating in a report on Tuesday, May 30th. Finally, BidaskClub lowered shares of Philip Morris International from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Philip Morris International presently has a consensus rating of “Buy” and a consensus target price of $122.79.

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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