Sumitomo Mitsui Asset Management Company LTD Has $37.82 Million Holdings in Philip Morris International Inc. (PM)

Sumitomo Mitsui Asset Management Company LTD raised its position in shares of Philip Morris International Inc. (NYSE:PM) by 10.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 357,964 shares of the company’s stock after buying an additional 32,749 shares during the quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in Philip Morris International were worth $37,818,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of PM. FNY Partners Fund LP purchased a new stake in shares of Philip Morris International in the fourth quarter worth approximately $210,000. Canal Capital Management LLC lifted its position in shares of Philip Morris International by 12.1% in the fourth quarter. Canal Capital Management LLC now owns 22,120 shares of the company’s stock worth $2,337,000 after purchasing an additional 2,382 shares in the last quarter. Vantage Investment Advisors LLC lifted its position in shares of Philip Morris International by 112.3% in the fourth quarter. Vantage Investment Advisors LLC now owns 1,645 shares of the company’s stock worth $174,000 after purchasing an additional 870 shares in the last quarter. APG Asset Management N.V. lifted its position in shares of Philip Morris International by 9.4% in the fourth quarter. APG Asset Management N.V. now owns 6,164,497 shares of the company’s stock worth $542,371,000 after purchasing an additional 529,854 shares in the last quarter. Finally, Cortland Associates Inc. MO lifted its position in shares of Philip Morris International by 8.6% in the fourth quarter. Cortland Associates Inc. MO now owns 30,851 shares of the company’s stock worth $3,259,000 after purchasing an additional 2,440 shares in the last quarter. 73.20% of the stock is owned by institutional investors.

Philip Morris International Inc. (NYSE:PM) opened at $104.31 on Tuesday. The firm has a market cap of $162,017.42, a P/E ratio of 22.19, a P/E/G ratio of 1.96 and a beta of 0.85. The company has a current ratio of 1.35, a quick ratio of 0.80 and a debt-to-equity ratio of -3.06. Philip Morris International Inc. has a 52-week low of $96.66 and a 52-week high of $123.55.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, February 8th. The company reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.04). The business had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.17 billion. Philip Morris International had a net margin of 7.73% and a negative return on equity of 71.99%. Philip Morris International’s revenue was up 19.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.10 EPS. equities analysts expect that Philip Morris International Inc. will post 5.27 EPS for the current year.

A number of analysts have recently issued reports on the stock. Bank of America reduced their price target on shares of Philip Morris International from $115.00 to $113.00 and set a “neutral” rating for the company in a research report on Friday, February 9th. Piper Jaffray Companies reissued a “buy” rating and issued a $126.00 price target on shares of Philip Morris International in a research report on Thursday, February 8th. Morgan Stanley increased their price target on shares of Philip Morris International from $120.00 to $123.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. Citigroup reduced their price target on shares of Philip Morris International from $117.00 to $114.00 and set a “neutral” rating for the company in a research report on Tuesday, January 16th. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and set a $135.00 price objective (down previously from $140.00) on shares of Philip Morris International in a research report on Wednesday, November 15th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Philip Morris International currently has a consensus rating of “Buy” and an average target price of $123.79.

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Philip Morris International Profile

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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