Howe & Rusling Inc. increased its holdings in Philip Morris International Inc. (NYSE:PM) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,327 shares of the company’s stock after acquiring an additional 401 shares during the quarter. Howe & Rusling Inc.’s holdings in Philip Morris International were worth $1,491,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in PM. Thrivent Financial for Lutherans lifted its position in shares of Philip Morris International by 25.1% during the third quarter. Thrivent Financial for Lutherans now owns 181,402 shares of the company’s stock valued at $14,791,000 after buying an additional 36,357 shares during the last quarter. Schroder Investment Management Group increased its holdings in shares of Philip Morris International by 53.0% during the third quarter. Schroder Investment Management Group now owns 5,916,842 shares of the company’s stock valued at $482,460,000 after acquiring an additional 2,048,754 shares in the last quarter. JGP Wealth Management LLC increased its holdings in shares of Philip Morris International by 19.8% during the third quarter. JGP Wealth Management LLC now owns 3,041 shares of the company’s stock valued at $249,000 after acquiring an additional 502 shares in the last quarter. First Foundation Advisors increased its holdings in shares of Philip Morris International by 6.4% during the third quarter. First Foundation Advisors now owns 399,496 shares of the company’s stock valued at $32,575,000 after acquiring an additional 23,947 shares in the last quarter. Finally, Rossmore Private Capital increased its holdings in shares of Philip Morris International by 66.0% during the third quarter. Rossmore Private Capital now owns 5,794 shares of the company’s stock valued at $472,000 after acquiring an additional 2,303 shares in the last quarter. 73.37% of the stock is owned by institutional investors.

Several research firms have recently issued reports on PM. Piper Jaffray Companies set a $110.00 price objective on shares of Philip Morris International and gave the company a “buy” rating in a report on Monday, December 3rd. Morgan Stanley cut their price objective on shares of Philip Morris International from $102.00 to $80.00 and set an “overweight” rating on the stock in a report on Tuesday, January 8th. ValuEngine downgraded shares of Philip Morris International from a “hold” rating to a “sell” rating in a report on Monday, December 31st. Jefferies Financial Group restated a “hold” rating and set a $80.00 price objective on shares of Philip Morris International in a report on Sunday, February 10th. Finally, Zacks Investment Research upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a report on Thursday, February 14th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. Philip Morris International presently has a consensus rating of “Hold” and a consensus target price of $91.15.

In related news, Director Louis C. Camilleri sold 59,495 shares of the stock in a transaction that occurred on Thursday, November 29th. The shares were sold at an average price of $86.98, for a total value of $5,174,875.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.22% of the stock is currently owned by corporate insiders.

Shares of NYSE:PM opened at $85.04 on Thursday. Philip Morris International Inc. has a twelve month low of $64.67 and a twelve month high of $109.90. The company has a market capitalization of $129.64 billion, a P/E ratio of 16.67, a price-to-earnings-growth ratio of 1.76 and a beta of 0.91.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, February 7th. The company reported $1.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.09. Philip Morris International had a net margin of 9.90% and a negative return on equity of 76.82%. The company had revenue of $7.50 billion for the quarter, compared to the consensus estimate of $7.46 billion. During the same quarter in the prior year, the company earned $1.32 EPS. Philip Morris International’s quarterly revenue was down 9.6% on a year-over-year basis. Analysts expect that Philip Morris International Inc. will post 5.4 earnings per share for the current year.

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About Philip Morris International

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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