Philip Morris International Inc. (NYSE:PM) Shares Bought by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. raised its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 257.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 152,057 shares of the company's stock after acquiring an additional 109,570 shares during the quarter. Philip Morris International makes up 0.7% of Tokio Marine Asset Management Co. Ltd.'s portfolio, making the stock its 28th biggest holding. Tokio Marine Asset Management Co. Ltd.'s holdings in Philip Morris International were worth $18,300,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp boosted its position in shares of Philip Morris International by 0.4% in the third quarter. State Street Corp now owns 54,711,621 shares of the company's stock worth $6,715,237,000 after purchasing an additional 224,840 shares during the period. Geode Capital Management LLC lifted its position in shares of Philip Morris International by 2.0% in 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 acquiring an additional 621,034 shares in the last quarter. FMR LLC boosted its stake in shares of Philip Morris International by 40.9% in the third quarter. FMR LLC now owns 23,168,446 shares of the company's stock worth $2,812,649,000 after acquiring an additional 6,721,094 shares during the period. Franklin Resources Inc. grew its position in shares of Philip Morris International by 3.0% during the third quarter. Franklin Resources Inc. now owns 13,000,570 shares of the company's stock worth $1,560,752,000 after purchasing an additional 376,406 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake 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 valued at $1,121,932,000 after purchasing an additional 3,363,454 shares during the period. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Stock Down 0.1 %

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

Philip Morris International Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have commented on PM. Citigroup increased their price objective on shares of Philip Morris International from $118.50 to $132.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. UBS Group upped their price objective on Philip Morris International from $103.00 to $105.00 and gave the stock a "sell" rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. upped their price target 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. Barclays dropped their price objective on shares of Philip Morris International from $155.00 to $145.00 and set an "overweight" rating for the company in a research note on Wednesday, January 8th. Finally, Stifel Nicolaus reaffirmed a "buy" rating and issued a $145.00 price target (up previously from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. One 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. According to data from MarketBeat.com, Philip Morris International has an average rating of "Moderate Buy" and an average price target of $131.35.

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.