Philip Morris International Inc. (NYSE:PM) Shares Sold by M&G Investment Management Ltd.

M&G Investment Management Ltd. decreased its stake in shares of Philip Morris International Inc. (NYSE:PMGet Rating) by 5.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,594 shares of the company’s stock after selling 200 shares during the period. M&G Investment Management Ltd.’s holdings in Philip Morris International were worth $298,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PM. Price T Rowe Associates Inc. MD grew its stake in shares of Philip Morris International by 83.2% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 28,909,466 shares of the company’s stock worth $2,854,521,000 after purchasing an additional 13,126,188 shares during the last quarter. FMR LLC increased its position in shares of Philip Morris International by 58.9% in the second quarter. FMR LLC now owns 16,346,683 shares of the company’s stock worth $1,614,071,000 after acquiring an additional 6,060,171 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Philip Morris International by 652.1% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,894,453 shares of the company’s stock worth $572,309,000 after acquiring an additional 5,977,719 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Philip Morris International by 122.0% in the first quarter. Renaissance Technologies LLC now owns 2,632,467 shares of the company’s stock worth $247,294,000 after acquiring an additional 1,446,567 shares in the last quarter. Finally, Public Sector Pension Investment Board increased its position in shares of Philip Morris International by 460.9% in the second quarter. Public Sector Pension Investment Board now owns 1,221,102 shares of the company’s stock worth $120,572,000 after acquiring an additional 1,003,387 shares in the last quarter. Institutional investors and hedge funds own 75.85% of the company’s stock.

Philip Morris International Stock Performance

PM stock opened at $101.70 on Monday. The stock has a market cap of $157.66 billion, a P/E ratio of 18.13, a P/E/G ratio of 3.53 and a beta of 0.68. The firm has a 50 day simple moving average of $99.55 and a 200 day simple moving average of $95.49. Philip Morris International Inc. has a 52 week low of $82.85 and a 52 week high of $112.48.

Philip Morris International (NYSE:PMGet Rating) last posted its earnings results on Thursday, October 20th. The company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.15. The firm had revenue of $8.03 billion during the quarter, compared to analysts’ expectations of $7.30 billion. Philip Morris International had a net margin of 10.73% and a negative return on equity of 118.75%. The company’s revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.58 earnings per share. Sell-side analysts predict that Philip Morris International Inc. will post 5.8 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 11th. Shareholders of record on Thursday, December 22nd were paid a $1.27 dividend. This represents a $5.08 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date was Wednesday, December 21st. Philip Morris International’s dividend payout ratio (DPR) is presently 90.55%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PM. Argus raised shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a research report on Tuesday, November 15th. Credit Suisse Group dropped their target price on shares of Philip Morris International to $95.00 in a research report on Thursday, October 27th. Stifel Nicolaus dropped their target price on shares of Philip Morris International from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, October 14th. StockNews.com downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Thursday, November 24th. Finally, Morgan Stanley raised their price target on shares of Philip Morris International from $102.00 to $109.00 and gave the stock an “overweight” rating in a report on Wednesday, November 2nd. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $107.64.

Philip Morris International Company Profile

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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 that are sold in markets outside the United States.

Further Reading

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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