Schroder Investment Management Group lowered its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 316,309 shares of the company's stock after selling 8,175 shares during the quarter. Schroder Investment Management Group's holdings in Philip Morris International were worth $37,960,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Philip Morris International by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 139,432,392 shares of the company's stock valued at $16,780,688,000 after buying an additional 1,167,810 shares during the period. State Street Corp raised its stake in Philip Morris International by 0.4% in the 3rd quarter. State Street Corp now owns 54,711,621 shares of the company's stock valued at $6,715,237,000 after acquiring an additional 224,840 shares during the period. GQG Partners LLC raised its stake in Philip Morris International by 14.3% in the 4th quarter. GQG Partners LLC now owns 48,746,809 shares of the company's stock valued at $5,866,678,000 after acquiring an additional 6,092,558 shares during the period. Geode Capital Management LLC lifted its holdings in Philip Morris International by 2.0% during the third quarter. Geode Capital Management LLC now owns 32,101,324 shares of the company's stock valued at $3,886,818,000 after purchasing an additional 621,034 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Philip Morris International by 21.0% during the fourth quarter. Bank of New York Mellon Corp now owns 16,070,482 shares of the company's stock worth $1,934,083,000 after purchasing an additional 2,785,987 shares during the period. Hedge funds and other institutional investors own 78.63% of the company's stock.
Philip Morris International Price Performance
NYSE PM traded up $6.04 during trading on Thursday, reaching $162.21. The company's stock had a trading volume of 10,578,322 shares, compared to its average volume of 5,493,627. The firm has a fifty day moving average of $147.92 and a 200 day moving average of $132.82. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $163.04. The stock has a market capitalization of $252.21 billion, a PE ratio of 35.97, a P/E/G ratio of 2.65 and a beta of 0.53.
Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.06. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. Research analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.
Philip Morris International Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th will be issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend is Thursday, March 20th. Philip Morris International's dividend payout ratio is currently 119.73%.
Wall Street Analyst Weigh In
Several research analysts recently commented on the stock. Stifel Nicolaus raised their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the stock a "buy" rating in a report on Friday, February 7th. StockNews.com lowered Philip Morris International from a "buy" rating to a "hold" rating in a report on Monday, February 10th. JPMorgan Chase & Co. lifted their price target 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. UBS Group increased their price objective on Philip Morris International from $105.00 to $120.00 and gave the stock a "sell" rating in a report on Friday, February 7th. Finally, Morgan Stanley began coverage on Philip Morris International in a report on Thursday, January 16th. They set an "overweight" rating and a $140.00 target price for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $144.56.
Check Out Our Latest Stock Report on Philip Morris International
Insider Transactions at Philip Morris International
In other Philip Morris International news, SVP Yann Guerin sold 2,500 shares of Philip Morris International 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 transaction, the senior vice president now directly owns 30,308 shares of the company's stock, valued at approximately $4,584,994.24. This trade represents a 7.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Andre Calantzopoulos sold 40,643 shares of the company's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $149.06, for a total transaction of $6,058,245.58. Following the completion of the sale, the chairman now directly owns 561,349 shares of the company's stock, valued at $83,674,681.94. This trade represents a 6.75 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 131,822 shares of company stock valued at $19,655,585. Insiders own 0.13% of the company's stock.
About Philip Morris International
(
Free Report)
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.
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