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

Asset Management One Co. Ltd. grew its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 9.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 858,383 shares of the company's stock after acquiring an additional 71,181 shares during the period. Asset Management One Co. Ltd. owned about 0.06% of Philip Morris International worth $104,238,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in PM. State Street Corp raised its holdings in shares of Philip Morris International by 0.4% during the 3rd quarter. State Street Corp now owns 54,711,621 shares of the company's stock valued at $6,715,237,000 after buying an additional 224,840 shares during the period. Geode Capital Management LLC raised its stake in shares of Philip Morris International by 2.0% during the third quarter. Geode Capital Management LLC now owns 32,101,324 shares of the company's stock valued at $3,886,818,000 after purchasing an additional 621,034 shares during the period. FMR LLC raised its stake in shares of Philip Morris International by 40.9% during the third quarter. FMR LLC now owns 23,168,446 shares of the company's stock valued at $2,812,649,000 after purchasing an additional 6,721,094 shares during the period. Franklin Resources Inc. raised its stake in shares of Philip Morris International by 3.0% during the third quarter. Franklin Resources Inc. now owns 13,000,570 shares of the company's stock valued at $1,560,752,000 after purchasing an additional 376,406 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Philip Morris International by 57.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 9,241,612 shares of the company's stock valued at $1,121,932,000 after purchasing an additional 3,363,454 shares during the period. 78.63% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity

In other news, VP Reginaldo Dobrowolski sold 5,000 shares of the company's stock in a transaction dated 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 transaction, the vice president now owns 20,799 shares in the company, valued at approximately $3,117,354.12. This represents a 19.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.13% of the company's stock.

Philip Morris International Stock Performance

Shares of NYSE PM traded up $1.42 during trading on Monday, reaching $150.60. The stock had a trading volume of 4,777,665 shares, compared to its average volume of 5,552,923. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $151.22. The stock has a market cap of $234.16 billion, a PE ratio of 33.39, a P/E/G ratio of 2.55 and a beta of 0.55. The firm's 50 day moving average price is $127.47 and its two-hundred day moving average price is $125.28.

Philip Morris International (NYSE:PM - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate 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%. On average, research analysts expect that Philip Morris International Inc. will post 7.11 earnings per share for the current year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date was Thursday, December 26th. Philip Morris International's dividend payout ratio is presently 119.73%.

Wall Street Analysts Forecast Growth

PM has been the topic of several analyst reports. Stifel Nicolaus lifted their price target 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. StockNews.com lowered Philip Morris International from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. UBS Group lifted their price objective on Philip Morris International from $105.00 to $120.00 and gave the stock a "sell" rating in a report on Friday, February 7th. Barclays dropped their price objective 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. Finally, Morgan Stanley started 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 target for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $139.56.

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.