China Universal Asset Management Co. Ltd. Acquires 2,112 Shares of Philip Morris International Inc. (NYSE:PM)

China Universal Asset Management Co. Ltd. grew its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 37.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,698 shares of the company's stock after purchasing an additional 2,112 shares during the period. China Universal Asset Management Co. Ltd.'s holdings in Philip Morris International were worth $936,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC grew its stake in Philip Morris International by 40.9% in the 3rd quarter. FMR LLC now owns 23,168,446 shares of the company's stock valued at $2,812,649,000 after buying an additional 6,721,094 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Philip Morris International by 57.2% in 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 last quarter. National Bank of Canada FI grew its position in shares of 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 valued at $235,936,000 after purchasing an additional 1,200,636 shares during the last quarter. Los Angeles Capital Management LLC increased its stake in shares of Philip Morris International by 14,611.4% in the third quarter. Los Angeles Capital Management LLC now owns 1,173,531 shares of the company's stock worth $142,467,000 after purchasing an additional 1,165,554 shares during the period. Finally, International Assets Investment Management LLC lifted its position in shares of Philip Morris International by 13,666.6% during the 3rd quarter. International Assets Investment Management LLC now owns 999,729 shares of the company's stock worth $121,367,000 after purchasing an additional 992,467 shares during the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Trading Down 0.1 %

NYSE PM traded down $0.16 during trading hours on Friday, reaching $130.16. 5,331,134 shares of the company's stock were exchanged, compared to its average volume of 4,484,783. The firm has a fifty day moving average of $125.23 and a 200-day moving average of $122.98. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $134.15. The stock has a market cap of $202.37 billion, a PE ratio of 20.66, a price-to-earnings-growth ratio of 2.29 and a beta of 0.54.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were issued a $1.35 dividend. The ex-dividend date was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.15%. Philip Morris International's dividend payout ratio is 85.71%.

Analysts Set New Price Targets

Several research analysts have commented on PM shares. JPMorgan Chase & Co. lifted their price target on Philip Morris International from $125.00 to $145.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. Stifel Nicolaus restated a "buy" rating and set a $145.00 price objective (up previously from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. UBS Group lifted their target price on Philip Morris International from $103.00 to $105.00 and gave the stock a "sell" rating in a research report on Wednesday, October 23rd. Barclays reduced their price objective on Philip Morris International from $155.00 to $145.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. Finally, Citigroup boosted their price objective on Philip Morris International from $118.50 to $132.00 and gave the company a "buy" rating in a research report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Philip Morris International presently has a consensus rating of "Moderate Buy" and a consensus target price of $131.35.

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.