Norinchukin Bank The Has $8.59 Million Holdings in Philip Morris International Inc. (NYSE:PM)

Norinchukin Bank The increased its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 10.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,411 shares of the company's stock after acquiring an additional 6,666 shares during the quarter. Norinchukin Bank The's holdings in Philip Morris International were worth $8,594,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of PM. Range Financial Group LLC increased its holdings in shares of Philip Morris International by 504.9% during the 4th quarter. Range Financial Group LLC now owns 22,915 shares of the company's stock worth $2,758,000 after purchasing an additional 19,127 shares during the period. Park Avenue Securities LLC raised its holdings in Philip Morris International by 18.9% in the 4th quarter. Park Avenue Securities LLC now owns 100,826 shares of the company's stock valued at $12,134,000 after acquiring an additional 16,035 shares in the last quarter. CWA Asset Management Group LLC raised its holdings in Philip Morris International by 37.5% in the 4th quarter. CWA Asset Management Group LLC now owns 24,200 shares of the company's stock valued at $2,912,000 after acquiring an additional 6,605 shares in the last quarter. Ritholtz Wealth Management lifted its position in shares of Philip Morris International by 50.9% in the 4th quarter. Ritholtz Wealth Management now owns 53,884 shares of the company's stock worth $6,485,000 after acquiring an additional 18,183 shares during the period. Finally, Czech National Bank grew its holdings in shares of Philip Morris International by 6.4% during the 4th quarter. Czech National Bank now owns 337,119 shares of the company's stock worth $40,572,000 after purchasing an additional 20,390 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, VP Reginaldo Dobrowolski sold 5,000 shares of the business's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total transaction of $749,400.00. Following the completion of the sale, the vice president now owns 20,799 shares in the company, valued at $3,117,354.12. The trade was a 19.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Emmanuel Babeau sold 30,000 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $148.85, for a total value of $4,465,500.00. Following the completion of the transaction, the chief financial officer now owns 139,105 shares in the company, valued at approximately $20,705,779.25. This represents a 17.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 131,822 shares of company stock worth $19,655,585 in the last 90 days. Corporate insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on PM. Morgan Stanley restated an "overweight" rating and issued a $182.00 target price (up from $156.00) on shares of Philip Morris International in a research note on Thursday. Stifel Nicolaus increased their price objective on shares of Philip Morris International from $168.00 to $186.00 and gave the company a "buy" rating in a research note on Thursday. Barclays lifted their target price on shares of Philip Morris International from $145.00 to $175.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Argus raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. Finally, StockNews.com downgraded Philip Morris International from a "buy" rating to a "hold" rating in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Philip Morris International presently has an average rating of "Moderate Buy" and a consensus target price of $157.44.

Philip Morris International Stock Performance

Shares of NYSE PM traded up $2.00 during mid-day trading on Thursday, hitting $170.11. 3,624,876 shares of the stock were exchanged, compared to its average volume of 5,570,683. The company has a market cap of $264.77 billion, a P/E ratio of 37.71, a PEG ratio of 2.65 and a beta of 0.46. Philip Morris International Inc. has a twelve month low of $94.42 and a twelve month high of $171.63. The stock's fifty day simple moving average is $154.69 and its two-hundred day simple moving average is $136.86.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, beating analysts' consensus estimates of $1.61 by $0.08. The firm had revenue of $9.30 billion during the quarter, compared to analysts' expectations of $9.10 billion. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. During the same period last year, the firm posted $1.50 EPS. As a group, equities 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 declared a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 20th were given a dividend of $1.35 per share. The ex-dividend date was Thursday, March 20th. This represents a $5.40 annualized dividend and a yield of 3.17%. Philip Morris International's dividend payout ratio (DPR) is 119.73%.

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.