Asset Management One Co. Ltd. Grows Holdings in Philip Morris International Inc. (NYSE:PM)

Asset Management One Co. Ltd. raised its position in shares of Philip Morris International Inc. (NYSE:PM) by 9.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 858,383 shares of the company’s stock after purchasing an additional 71,181 shares during the quarter. Asset Management One Co. Ltd. owned 0.06% of Philip Morris International worth $104,238,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Investment Advisory Services Inc. TX ADV increased its position in Philip Morris International by 3.2% during the 4th quarter. Investment Advisory Services Inc. TX ADV now owns 2,510 shares of the company’s stock valued at $302,000 after purchasing an additional 78 shares during the period. Intergy Private Wealth LLC boosted its stake in shares of Philip Morris International by 4.3% during the fourth quarter. Intergy Private Wealth LLC now owns 1,959 shares of the company’s stock valued at $236,000 after purchasing an additional 80 shares in the last quarter. 49 Wealth Management LLC increased its holdings in Philip Morris International by 3.6% during the third quarter. 49 Wealth Management LLC now owns 2,432 shares of the company’s stock valued at $295,000 after buying an additional 84 shares during the period. Woodmont Investment Counsel LLC raised its stake in Philip Morris International by 1.6% in the third quarter. Woodmont Investment Counsel LLC now owns 5,452 shares of the company’s stock worth $662,000 after buying an additional 86 shares in the last quarter. Finally, Sargent Investment Group LLC lifted its holdings in Philip Morris International by 2.2% during the fourth quarter. Sargent Investment Group LLC now owns 3,972 shares of the company’s stock worth $467,000 after buying an additional 86 shares during the period. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Stock Down 0.4 %

Shares of Philip Morris International stock opened at $149.27 on Friday. The company has a 50 day moving average price of $126.73 and a 200 day moving average price of $124.72. The firm has a market capitalization of $232.08 billion, a P/E ratio of 33.10, a PEG ratio of 2.55 and a beta of 0.55. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $150.24.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts anticipate that Philip Morris International Inc. will post 7.11 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

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

Insider Buying and Selling at Philip Morris International

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. UBS Group lifted their price target on Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a report on Friday, February 7th. Morgan Stanley started coverage on Philip Morris International in a research note on Thursday, January 16th. They issued an “overweight” rating and a $140.00 target price on the stock. StockNews.com lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday. JPMorgan Chase & Co. raised their price target on shares of Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, Stifel Nicolaus boosted their price objective on shares of 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 research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $139.56.

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.