253,987 Shares in Philip Morris International Inc. (NYSE:PM) Bought by Allianz SE

Allianz SE purchased a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 253,987 shares of the company's stock, valued at approximately $30,544,000. Philip Morris International accounts for approximately 0.8% of Allianz SE's investment portfolio, making the stock its 23rd largest holding.

Other hedge funds also recently added to or reduced their stakes in the company. GQG Partners LLC boosted its position in Philip Morris International by 14.3% in the 4th quarter. GQG Partners LLC now owns 48,746,809 shares of the company's stock valued at $5,866,678,000 after buying an additional 6,092,558 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Philip Morris International during the fourth quarter valued at approximately $522,214,000. Bank of New York Mellon Corp boosted its holdings in shares of Philip Morris International by 21.0% in the fourth quarter. Bank of New York Mellon Corp now owns 16,070,482 shares of the company's stock valued at $1,934,083,000 after purchasing an additional 2,785,987 shares during the period. National Bank of Canada FI grew its stake in Philip Morris International by 161.6% in the third quarter. National Bank of Canada FI now owns 1,943,460 shares of the company's stock worth $235,936,000 after purchasing an additional 1,200,636 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Philip Morris International by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 139,432,392 shares of the company's stock worth $16,780,688,000 after purchasing an additional 1,167,810 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

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Insider Activity

In other Philip Morris International news, Chairman Andre Calantzopoulos sold 40,643 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $149.06, for a total value of $6,058,245.58. Following the completion of the transaction, the chairman now directly owns 561,349 shares of the company's stock, valued at approximately $83,674,681.94. The trade was a 6.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Reginaldo Dobrowolski sold 5,000 shares of the company's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total transaction of $749,400.00. Following the transaction, the vice president now owns 20,799 shares of the company's stock, valued at $3,117,354.12. This represents a 19.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 131,822 shares of company stock worth $19,655,585 over the last 90 days. 0.13% of the stock is currently owned by corporate insiders.

Philip Morris International Stock Performance

NYSE:PM traded down $0.65 during midday trading on Tuesday, reaching $158.08. 4,363,464 shares of the stock traded hands, compared to its average volume of 5,478,317. The stock has a market capitalization of $245.79 billion, a PE ratio of 35.05, a price-to-earnings-growth ratio of 2.65 and a beta of 0.53. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $159.87. The business has a 50-day moving average of $146.57 and a two-hundred day moving average of $132.43.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.49 by $0.06. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. Research analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th will be paid 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 3.42%. Philip Morris International's payout ratio is 119.73%.

Analysts Set New Price Targets

PM has been the subject of several research reports. UBS Group upped their target price on Philip Morris International from $105.00 to $120.00 and gave the stock a "sell" rating in a report on Friday, February 7th. Morgan Stanley initiated coverage on shares of Philip Morris International in a research note on Thursday, January 16th. They issued an "overweight" rating and a $140.00 price objective for the company. Stifel Nicolaus raised their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the company a "buy" rating in a research report on Friday, February 7th. JPMorgan Chase & Co. upped their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Finally, Barclays increased their price objective on shares of Philip Morris International from $145.00 to $175.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, Philip Morris International currently has a consensus rating of "Moderate Buy" and a consensus target price of $144.56.

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.