Sumitomo Mitsui Trust Group Inc. Acquires 43,507 Shares of Philip Morris International Inc. $PM

Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 1.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,219,508 shares of the company’s stock after acquiring an additional 43,507 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.21% of Philip Morris International worth $522,204,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of PM. Brighton Jones LLC lifted its stake in shares of Philip Morris International by 31.1% in the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock worth $1,027,000 after acquiring an additional 2,023 shares during the period. Revolve Wealth Partners LLC lifted its position in shares of Philip Morris International by 4.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock worth $252,000 after purchasing an additional 91 shares during the period. Harbor Investment Advisory LLC increased its position in shares of Philip Morris International by 12.2% during the second quarter. Harbor Investment Advisory LLC now owns 7,061 shares of the company’s stock worth $1,286,000 after buying an additional 765 shares during the period. Park National Corp OH raised its stake in Philip Morris International by 25.1% during the second quarter. Park National Corp OH now owns 9,443 shares of the company’s stock worth $1,720,000 after buying an additional 1,894 shares during the last quarter. Finally, Garde Capital Inc. raised its stake in Philip Morris International by 8.7% during the second quarter. Garde Capital Inc. now owns 6,241 shares of the company’s stock worth $1,137,000 after buying an additional 500 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Performance

NYSE PM opened at $162.61 on Monday. The company has a market capitalization of $253.13 billion, a PE ratio of 29.46, a price-to-earnings-growth ratio of 1.75 and a beta of 0.40. Philip Morris International Inc. has a 52-week low of $116.12 and a 52-week high of $186.69. The company has a 50-day simple moving average of $155.63 and a 200 day simple moving average of $162.01.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Tuesday, March 28th. The company reported $1.59 EPS for the quarter. The company had revenue of $8.12 billion for the quarter. Philip Morris International had a net margin of 9.33% and a negative return on equity of 122.14%. As a group, analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Friday, December 26th will be issued a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Friday, December 26th. Philip Morris International’s dividend payout ratio is 106.52%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Wall Street Zen downgraded Philip Morris International from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, October 8th. Barclays lowered their target price on Philip Morris International from $220.00 to $180.00 and set an “overweight” rating for the company in a report on Monday, November 17th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Philip Morris International in a research report on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. cut their price objective on shares of Philip Morris International from $190.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $189.00.

About Philip Morris International

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.