Nomura Asset Management Co. Ltd. Buys 10,169 Shares of Philip Morris International Inc. (NYSE:PM)

Nomura Asset Management Co. Ltd. increased its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 0.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,156,618 shares of the company's stock after acquiring an additional 10,169 shares during the period. Nomura Asset Management Co. Ltd. owned 0.07% of Philip Morris International worth $140,413,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Lantz Financial LLC lifted its position in shares of Philip Morris International by 2.8% during the 2nd quarter. Lantz Financial LLC now owns 5,651 shares of the company's stock worth $573,000 after purchasing an additional 153 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its holdings in Philip Morris International by 2.8% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 26,752 shares of the company's stock valued at $2,711,000 after purchasing an additional 727 shares during the period. Alpha Cubed Investments LLC boosted its holdings in Philip Morris International by 4.7% in the 2nd quarter. Alpha Cubed Investments LLC now owns 3,000 shares of the company's stock valued at $304,000 after purchasing an additional 134 shares during the period. Sequoia Financial Advisors LLC grew its position in Philip Morris International by 17.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 31,591 shares of the company's stock worth $3,203,000 after purchasing an additional 4,793 shares during the last quarter. Finally, Burke & Herbert Bank & Trust Co. increased its holdings in shares of Philip Morris International by 68.0% during the 2nd quarter. Burke & Herbert Bank & Trust Co. now owns 20,896 shares of the company's stock worth $2,117,000 after purchasing an additional 8,455 shares during the period. 78.63% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Chairman Andre Calantzopoulos sold 101,918 shares of the firm's stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $129.85, for a total value of $13,234,052.30. Following the transaction, the chairman now owns 959,761 shares in the company, valued at $124,624,965.85. This trade represents a 9.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Werner Barth sold 7,500 shares of Philip Morris International stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $129.98, for a total value of $974,850.00. Following the completion of the sale, the insider now owns 95,418 shares of the company's stock, valued at approximately $12,402,431.64. The trade was a 7.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.

Philip Morris International Stock Performance

Philip Morris International stock traded down $1.85 during trading hours on Monday, hitting $128.71. 4,759,516 shares of the stock were exchanged, compared to its average volume of 5,343,205. The stock has a market capitalization of $200.12 billion, a P/E ratio of 20.43, a P/E/G ratio of 2.29 and a beta of 0.53. The business's 50-day moving average is $126.86 and its two-hundred day moving average is $117.27. Philip Morris International Inc. has a 12 month low of $87.82 and a 12 month high of $134.15.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.91 earnings per share for the quarter, beating analysts' consensus estimates of $1.82 by $0.09. The firm had revenue of $9.91 billion during the quarter, compared to analysts' expectations of $9.68 billion. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. The business's revenue was up 8.4% on a year-over-year basis. During the same period last year, the firm posted $1.67 EPS. On average, equities analysts predict that Philip Morris International Inc. will post 6.51 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Thursday, September 26th were issued a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $5.40 dividend on an annualized basis and a yield of 4.20%. This is a positive change from Philip Morris International's previous quarterly dividend of $1.30. Philip Morris International's dividend payout ratio is currently 85.71%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PM. Barclays increased their target price on shares of Philip Morris International from $145.00 to $155.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. UBS Group lifted their price objective on Philip Morris International from $103.00 to $105.00 and gave the stock a "sell" rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised their target price on Philip Morris International from $118.00 to $135.00 and gave the stock a "buy" rating in a research report on Tuesday, October 1st. Bank of America increased their price objective on shares of Philip Morris International from $125.00 to $139.00 and gave the company a "buy" rating in a research note on Wednesday, September 4th. Finally, JPMorgan Chase & Co. upped their target price on shares of Philip Morris International from $125.00 to $145.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $131.50.

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.