Pacer Advisors Inc. Has $65.92 Million Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Pacer Advisors Inc. reduced its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 2.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 547,766 shares of the company's stock after selling 13,527 shares during the period. Pacer Advisors Inc.'s holdings in Philip Morris International were worth $65,924,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of PM. FMR LLC lifted its holdings in Philip Morris International by 40.9% in the third 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 period. Massachusetts Financial Services Co. MA lifted its holdings in 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 buying an additional 3,363,454 shares during the period. National Bank of Canada FI lifted its holdings in 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 buying an additional 1,200,636 shares during the period. Los Angeles Capital Management LLC lifted its holdings in 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 valued at $142,467,000 after buying an additional 1,165,554 shares during the period. Finally, International Assets Investment Management LLC lifted its holdings in Philip Morris International by 13,666.6% in the third quarter. International Assets Investment Management LLC now owns 999,729 shares of the company's stock valued at $121,367,000 after buying an additional 992,467 shares during the period. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Stock Down 0.1 %

PM traded down $0.16 during trading on Friday, hitting $130.16. The company had a trading volume of 4,410,022 shares, compared to its average volume of 4,757,023. The company has a market capitalization of $202.37 billion, a PE ratio of 20.66, a PEG ratio of 2.29 and a beta of 0.54. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $134.15. The firm's 50-day moving average price is $125.22 and its 200 day moving average price is $122.69.

Philip Morris International Announces Dividend

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

Analysts Set New Price Targets

Several brokerages recently weighed in on PM. Stifel Nicolaus restated a "buy" rating and issued a $145.00 price objective (up from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. UBS Group increased their target price on shares of Philip Morris International from $103.00 to $105.00 and gave the stock a "sell" rating in a report on Wednesday, October 23rd. Morgan Stanley began coverage on shares of Philip Morris International in a report on Thursday, January 16th. They issued an "overweight" rating and a $140.00 target price on the stock. Citigroup increased their target price on shares of Philip Morris International from $118.50 to $132.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. Finally, Barclays cut their target price on shares of Philip Morris International from $155.00 to $145.00 and set an "overweight" rating on the stock in a report on Wednesday, January 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 company's stock. According to data from MarketBeat, Philip Morris International currently has a consensus rating of "Moderate Buy" and an average 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.