Robeco Institutional Asset Management B.V. Purchases 183,344 Shares of Philip Morris International Inc. (NYSE:PM)

Robeco Institutional Asset Management B.V. lifted its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 264.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 252,550 shares of the company's stock after buying an additional 183,344 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Philip Morris International were worth $30,394,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC grew its holdings in shares of Philip Morris International by 40.9% during the third quarter. FMR LLC now owns 23,168,446 shares of the company's stock worth $2,812,649,000 after purchasing an additional 6,721,094 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Philip Morris International by 57.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 9,241,612 shares of the company's stock worth $1,121,932,000 after buying an additional 3,363,454 shares in the last quarter. National Bank of Canada FI grew its holdings in Philip Morris International by 161.6% during the 3rd quarter. National Bank of Canada FI now owns 1,943,460 shares of the company's stock worth $235,936,000 after acquiring an additional 1,200,636 shares during the last quarter. Los Angeles Capital Management LLC increased its position in Philip Morris International by 14,611.4% in the 3rd quarter. Los Angeles Capital Management LLC now owns 1,173,531 shares of the company's stock valued at $142,467,000 after acquiring an additional 1,165,554 shares in the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of 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 worth $121,367,000 after acquiring an additional 992,467 shares during the last quarter. Institutional investors own 78.63% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on PM shares. Morgan Stanley began coverage on shares of Philip Morris International in a research note on Thursday, January 16th. They set an "overweight" rating and a $140.00 price target on the stock. UBS Group increased their price objective on Philip Morris International from $103.00 to $105.00 and gave the company a "sell" rating in a research report on Wednesday, October 23rd. Barclays dropped their target price on Philip Morris International from $155.00 to $145.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. JPMorgan Chase & Co. raised their price target on Philip Morris International from $125.00 to $145.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. Finally, Citigroup boosted their price objective on Philip Morris International from $118.50 to $132.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. 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 %

NYSE PM traded down $0.16 during trading on Friday, reaching $130.16. 5,331,134 shares of the stock traded hands, compared to its average volume of 4,484,783. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $134.15. The firm has a market cap of $202.37 billion, a price-to-earnings ratio of 20.66, a price-to-earnings-growth ratio of 2.29 and a beta of 0.54. The stock's 50-day moving average price is $125.23 and its 200 day moving average price is $122.98.

Philip Morris International Announces Dividend

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

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.