Philip Morris International Inc. (NYSE:PM) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. raised its holdings in Philip Morris International Inc. (NYSE:PM) by 9.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 858,383 shares of the company’s stock after purchasing an additional 71,181 shares during the period. Asset Management One Co. Ltd.’s holdings in Philip Morris International were worth $104,238,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Valley Wealth Managers Inc. increased its position in shares of Philip Morris International by 457.5% during the third quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock worth $27,000 after purchasing an additional 183 shares in the last quarter. Dunhill Financial LLC lifted its holdings in Philip Morris International by 203.8% in the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock valued at $29,000 after purchasing an additional 161 shares in the last quarter. McClarren Financial Advisors Inc. acquired a new stake in Philip Morris International during the 4th quarter worth $33,000. Concord Wealth Partners grew its holdings in shares of Philip Morris International by 2,709.1% during the third quarter. Concord Wealth Partners now owns 309 shares of the company’s stock worth $38,000 after buying an additional 298 shares in the last quarter. Finally, Asset Dedication LLC raised its position in shares of Philip Morris International by 55.5% in the fourth quarter. Asset Dedication LLC now owns 412 shares of the company’s stock valued at $50,000 after buying an additional 147 shares during the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Trading Down 0.4 %

NYSE PM opened at $149.27 on Friday. The stock has a fifty day simple moving average of $126.73 and a 200-day simple moving average of $124.72. The stock has a market cap of $232.08 billion, a PE ratio of 33.10, a P/E/G ratio of 2.55 and a beta of 0.55. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $150.24.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a net margin of 9.24% and a negative return on equity of 120.08%. Research analysts predict that Philip Morris International Inc. will post 7.11 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s payout ratio is 119.73%.

Wall Street Analysts Forecast Growth

PM has been the topic of a number of recent research reports. Morgan Stanley started coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price target on the stock. Barclays lowered their target price on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. StockNews.com cut Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday. UBS Group boosted their price objective on Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a research note on Friday, February 7th. Finally, Stifel Nicolaus raised their target price on Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $139.56.

Insiders Place Their Bets

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 5,000 shares of Philip Morris International stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total value of $749,400.00. Following the completion of the transaction, the vice president now directly owns 20,799 shares of the company’s stock, valued at $3,117,354.12. The trade was a 19.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.13% of the stock is owned by insiders.

Philip Morris International Company 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.