Nomura Asset Management Co. Ltd. Cuts Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Nomura Asset Management Co. Ltd. reduced its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,145,720 shares of the company's stock after selling 10,898 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.07% of Philip Morris International worth $137,887,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Meridian Wealth Partners LLC boosted its position in shares of Philip Morris International by 4.1% during the 4th quarter. Meridian Wealth Partners LLC now owns 1,781 shares of the company's stock valued at $214,000 after purchasing an additional 70 shares in the last quarter. NewSquare Capital LLC lifted its stake in Philip Morris International by 53.7% in the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company's stock valued at $25,000 after buying an additional 72 shares during the period. Creative Financial Designs Inc. ADV boosted its holdings in shares of Philip Morris International by 2.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,628 shares of the company's stock worth $437,000 after buying an additional 73 shares in the last quarter. Balboa Wealth Partners grew its position in shares of Philip Morris International by 2.0% during the 4th quarter. Balboa Wealth Partners now owns 3,712 shares of the company's stock worth $447,000 after buying an additional 74 shares during the period. Finally, Centurion Wealth Management LLC increased its stake in shares of Philip Morris International by 3.5% in the 4th quarter. Centurion Wealth Management LLC now owns 2,229 shares of the company's stock valued at $268,000 after acquiring an additional 75 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

PM has been the topic of several research analyst reports. UBS Group increased their target price on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a "sell" rating in a research note on Friday, February 7th. StockNews.com downgraded Philip Morris International from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. JPMorgan Chase & Co. boosted their target price on Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Morgan Stanley began coverage on Philip Morris International in a report on Thursday, January 16th. They issued an "overweight" rating and a $140.00 price target on the stock. Finally, Stifel Nicolaus upped their target price on Philip Morris International from $145.00 to $160.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. One 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. According to data from MarketBeat.com, Philip Morris International presently has an average rating of "Moderate Buy" and a consensus price target of $144.56.

Insiders Place Their Bets

In other Philip Morris International news, insider Werner Barth sold 10,000 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $148.67, for a total transaction of $1,486,700.00. Following the completion of the transaction, the insider now owns 106,244 shares in the company, valued at $15,795,295.48. This trade represents a 8.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Yann Guerin sold 2,500 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $151.28, for a total transaction of $378,200.00. Following the completion of the sale, the senior vice president now directly owns 30,308 shares in the company, valued at approximately $4,584,994.24. This trade represents a 7.62 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 131,822 shares of company stock valued at $19,655,585. Company insiders own 0.13% of the company's stock.

Philip Morris International Stock Down 0.5 %

PM stock traded down $0.74 during trading on Tuesday, reaching $157.99. The stock had a trading volume of 1,418,976 shares, compared to its average volume of 5,466,956. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $159.87. The company's 50 day moving average is $146.57 and its two-hundred day moving average is $132.43. The company has a market capitalization of $245.65 billion, a price-to-earnings ratio of 35.08, a P/E/G ratio of 2.65 and a beta of 0.53.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.55 EPS for the quarter, beating analysts' consensus estimates 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%. As a group, research analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 20th will be issued a dividend of $1.35 per share. The ex-dividend date is Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a yield of 3.42%. Philip Morris International's dividend payout ratio (DPR) is presently 119.73%.

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.