KBC Group NV Has $15.63 Million Stock Holdings in Philip Morris International Inc. (NYSE:PM)

KBC Group NV raised its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 8.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 129,876 shares of the company's stock after buying an additional 10,284 shares during the quarter. KBC Group NV's holdings in Philip Morris International were worth $15,631,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of PM. Valley Wealth Managers Inc. raised its holdings in Philip Morris International by 457.5% in the 3rd quarter. Valley Wealth Managers Inc. now owns 223 shares of the company's stock valued at $27,000 after acquiring an additional 183 shares in the last quarter. Dunhill Financial LLC increased its position in shares of Philip Morris International by 203.8% during the third quarter. Dunhill Financial LLC now owns 240 shares of the company's stock valued at $29,000 after purchasing an additional 161 shares during the period. Concord Wealth Partners raised its stake in shares of Philip Morris International by 2,709.1% in the third quarter. Concord Wealth Partners now owns 309 shares of the company's stock valued at $38,000 after purchasing an additional 298 shares in the last quarter. Darwin Wealth Management LLC bought a new position in Philip Morris International in the third quarter worth $54,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in Philip Morris International during the fourth quarter worth $54,000. 78.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective 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. UBS Group increased their price target on shares of Philip Morris International from $103.00 to $105.00 and gave the stock a "sell" rating in a research report on Wednesday, October 23rd. Citigroup lifted their price objective on Philip Morris International from $118.50 to $132.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. Stifel Nicolaus reissued a "buy" rating and issued a $145.00 target price (up from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. Finally, Morgan Stanley initiated coverage on Philip Morris International in a research note on Thursday, January 16th. They issued an "overweight" rating and a $140.00 price target on the stock. One 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.com, Philip Morris International presently has a consensus rating of "Moderate Buy" and a consensus target price of $131.35.

Philip Morris International Stock Down 0.1 %

PM stock traded down $0.16 during midday trading on Friday, reaching $130.16. 5,331,134 shares of the company's stock traded hands, compared to its average volume of 4,484,783. The company has a market cap of $202.37 billion, a price-to-earnings ratio of 20.66, a PEG ratio of 2.29 and a beta of 0.54. The company has a 50-day simple moving average of $125.23 and a two-hundred day simple moving average of $122.86. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $134.15.

Philip Morris International Dividend Announcement

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

About Philip Morris International

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.