Cibc World Markets Corp Has $56.45 Million Stake in Philip Morris International Inc. (NYSE:PM)

Cibc World Markets Corp lifted its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 35.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 469,043 shares of the company's stock after purchasing an additional 122,448 shares during the quarter. Cibc World Markets Corp's holdings in Philip Morris International were worth $56,449,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Range Financial Group LLC grew its holdings in shares of Philip Morris International by 504.9% during the fourth quarter. Range Financial Group LLC now owns 22,915 shares of the company's stock worth $2,758,000 after buying an additional 19,127 shares in the last quarter. Park Avenue Securities LLC boosted its position 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 acquiring an additional 16,035 shares during the last quarter. CWA Asset Management Group LLC grew its stake in shares of Philip Morris International by 37.5% during the 4th quarter. CWA Asset Management Group LLC now owns 24,200 shares of the company's stock worth $2,912,000 after acquiring an additional 6,605 shares in the last quarter. Swiss National Bank raised its holdings in shares of Philip Morris International by 0.4% in the third quarter. Swiss National Bank now owns 4,614,200 shares of the company's stock valued at $560,164,000 after purchasing an additional 17,700 shares during the last quarter. Finally, Ritholtz Wealth Management raised its holdings in shares of Philip Morris International by 50.9% in the fourth quarter. Ritholtz Wealth Management now owns 53,884 shares of the company's stock valued at $6,485,000 after purchasing an additional 18,183 shares during the last quarter. 78.63% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several research analysts recently commented on PM shares. Barclays increased their target price on shares of Philip Morris International from $145.00 to $175.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Stifel Nicolaus raised their price objective on Philip Morris International from $145.00 to $160.00 and gave the company a "buy" rating in a report on Friday, February 7th. JPMorgan Chase & Co. upped their target price on Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. UBS Group increased their price target on Philip Morris International from $105.00 to $120.00 and gave the company a "sell" rating in a research report on Friday, February 7th. Finally, Argus raised Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $144.56.

Philip Morris International Stock Down 1.2 %

Shares of NYSE PM traded down $1.92 during midday trading on Tuesday, hitting $153.79. 3,692,755 shares of the company's stock were exchanged, compared to its average volume of 5,156,343. The firm has a market capitalization of $239.12 billion, a PE ratio of 34.08, 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 $159.51. The company's 50 day moving average price is $139.79 and its 200 day moving average price is $130.42.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.55 EPS for the quarter, topping analysts' consensus estimates 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%. On average, equities research analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 20th will be paid a $1.35 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a yield of 3.51%. Philip Morris International's dividend payout ratio (DPR) is currently 119.73%.

Insiders Place Their Bets

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 5,000 shares of the business's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $149.88, for a total value of $749,400.00. Following the completion of the sale, the vice president now owns 20,799 shares of the company's stock, valued at $3,117,354.12. The trade was a 19.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Yann Guerin sold 2,500 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $151.28, for a total transaction of $378,200.00. Following the transaction, the senior vice president now directly owns 30,308 shares in the company, valued at $4,584,994.24. This represents a 7.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 131,822 shares of company stock worth $19,655,585 over the last three months. Insiders own 0.13% of the company's stock.

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.