Norinchukin Bank The Increases Stake in Philip Morris International Inc. (NYSE:PM)

Norinchukin Bank The raised its holdings in Philip Morris International Inc. (NYSE:PM) by 10.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 71,411 shares of the company’s stock after buying an additional 6,666 shares during the period. Norinchukin Bank The’s holdings in Philip Morris International were worth $8,594,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Range Financial Group LLC raised its stake in shares of Philip Morris International by 504.9% in the fourth quarter. Range Financial Group LLC now owns 22,915 shares of the company’s stock valued at $2,758,000 after acquiring an additional 19,127 shares in the last quarter. Park Avenue Securities LLC increased its holdings in Philip Morris International by 18.9% during the 4th quarter. Park Avenue Securities LLC now owns 100,826 shares of the company’s stock worth $12,134,000 after purchasing an additional 16,035 shares during the period. CWA Asset Management Group LLC raised its position in Philip Morris International by 37.5% in the 4th quarter. CWA Asset Management Group LLC now owns 24,200 shares of the company’s stock valued at $2,912,000 after purchasing an additional 6,605 shares in the last quarter. Ritholtz Wealth Management boosted its stake in shares of Philip Morris International by 50.9% in the 4th quarter. Ritholtz Wealth Management now owns 53,884 shares of the company’s stock valued at $6,485,000 after buying an additional 18,183 shares during the period. Finally, Czech National Bank grew its position in shares of Philip Morris International by 6.4% during the fourth quarter. Czech National Bank now owns 337,119 shares of the company’s stock worth $40,572,000 after buying an additional 20,390 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Trading Up 1.6 %

PM stock opened at $163.08 on Friday. The business has a 50 day simple moving average of $153.80 and a 200-day simple moving average of $135.92. The company has a market capitalization of $253.83 billion, a P/E ratio of 36.16, a PEG ratio of 2.65 and a beta of 0.46. Philip Morris International Inc. has a twelve month low of $91.38 and a twelve month high of $165.00.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share (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%. Research analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 20th were given a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend was Thursday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is presently 119.73%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. StockNews.com cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Argus upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, March 14th. JPMorgan Chase & Co. boosted their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Citigroup raised their price target on Philip Morris International from $163.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Morgan Stanley began coverage on Philip Morris International in a report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Philip Morris International currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.78.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, Chairman Andre Calantzopoulos sold 40,643 shares of the company’s stock in a transaction 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 transaction, the chairman now owns 561,349 shares in the company, valued at approximately $83,674,681.94. This represents a 6.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Werner Barth sold 10,000 shares of Philip Morris International stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $148.67, for a total transaction of $1,486,700.00. Following the completion of the sale, the insider now directly owns 106,244 shares in the company, valued at approximately $15,795,295.48. The trade was a 8.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 131,822 shares of company stock valued at $19,655,585 in the last ninety days. Insiders own 0.13% of the company’s stock.

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.