Nomura Asset Management Co. Ltd. Has $137.89 Million Holdings in Philip Morris International Inc. (NYSE:PM)

Nomura Asset Management Co. Ltd. decreased its position in Philip Morris International Inc. (NYSE:PM) by 0.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,145,720 shares of the company’s stock after selling 10,898 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Philip Morris International were worth $137,887,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. NewSquare Capital LLC raised its holdings in Philip Morris International by 53.7% during the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock worth $25,000 after acquiring an additional 72 shares in the last quarter. Dunhill Financial LLC raised its stake in shares of Philip Morris International by 203.8% during the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock worth $29,000 after purchasing an additional 161 shares in the last quarter. McClarren Financial Advisors Inc. acquired a new stake in shares of Philip Morris International in the 4th quarter valued at approximately $33,000. Knuff & Co LLC bought a new position in shares of Philip Morris International in the fourth quarter valued at $36,000. Finally, Sierra Ocean LLC acquired a new position in Philip Morris International during the fourth quarter worth $37,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on PM. Stifel Nicolaus increased their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, February 7th. UBS Group boosted their price target on Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a research report on Friday, February 7th. StockNews.com cut Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Morgan Stanley assumed coverage on Philip Morris International in a report on Thursday, January 16th. They set an “overweight” rating and a $140.00 target price on the stock. Finally, Barclays lifted their price objective on shares of Philip Morris International from $145.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $144.56.

Insider Transactions at Philip Morris International

In other news, Chairman Andre Calantzopoulos sold 40,643 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $149.06, for a total transaction of $6,058,245.58. Following the completion of the sale, the chairman now owns 561,349 shares of the company’s stock, valued at approximately $83,674,681.94. This represents a 6.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Lars Dahlgren sold 3,679 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $152.96, for a total transaction of $562,739.84. Following the sale, the insider now owns 26,828 shares in the company, valued at $4,103,610.88. This represents a 12.06 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 131,822 shares of company stock valued at $19,655,585. 0.13% of the stock is owned by corporate insiders.

Philip Morris International Stock Performance

NYSE:PM opened at $155.21 on Friday. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $159.51. The firm’s 50-day simple moving average is $145.16 and its 200 day simple moving average is $131.91. The firm has a market cap of $241.33 billion, a price-to-earnings ratio of 34.41, a P/E/G ratio of 2.65 and a beta of 0.53.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, February 6th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.49 by $0.06. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. Sell-side analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th will be given a dividend of $1.35 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.48%. Philip Morris International’s payout ratio is 119.73%.

Philip Morris International Profile

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.