Philip Morris International Inc. $PM Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. raised its holdings in Philip Morris International Inc. (NYSE:PM) by 0.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,814,013 shares of the company’s stock after buying an additional 23,476 shares during the period. Ameriprise Financial Inc. owned approximately 0.31% of Philip Morris International worth $870,853,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of PM. Prudential Financial Inc. grew its holdings in shares of Philip Morris International by 88.9% during the second quarter. Prudential Financial Inc. now owns 2,138,118 shares of the company’s stock worth $389,415,000 after purchasing an additional 1,006,014 shares during the last quarter. Trek Financial LLC lifted its stake in Philip Morris International by 732.3% in the second quarter. Trek Financial LLC now owns 42,829 shares of the company’s stock valued at $7,801,000 after buying an additional 37,683 shares during the last quarter. Klingman & Associates LLC boosted its holdings in shares of Philip Morris International by 44.5% in the second quarter. Klingman & Associates LLC now owns 6,615 shares of the company’s stock valued at $1,205,000 after acquiring an additional 2,038 shares during the period. Brighton Jones LLC grew its position in shares of Philip Morris International by 31.1% during the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock worth $1,027,000 after acquiring an additional 2,023 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Philip Morris International by 2.0% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,176,001 shares of the company’s stock valued at $578,445,000 after acquiring an additional 63,448 shares during the period. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Up 1.7%

NYSE:PM opened at $153.49 on Friday. The company has a market capitalization of $238.93 billion, a P/E ratio of 27.81, a price-to-earnings-growth ratio of 1.80 and a beta of 0.42. The firm has a 50-day moving average price of $153.62 and a two-hundred day moving average price of $165.35. Philip Morris International Inc. has a twelve month low of $116.12 and a twelve month high of $186.69.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Tuesday, March 28th. The company reported $1.59 EPS for the quarter. The firm had revenue of $8.12 billion during the quarter. Philip Morris International had a negative return on equity of 122.14% and a net margin of 9.33%. On average, equities research analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Friday, December 26th will be issued a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, December 26th. Philip Morris International’s dividend payout ratio is presently 106.52%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on PM shares. Morgan Stanley set a $175.00 target price on shares of Philip Morris International and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Stifel Nicolaus set a $180.00 price objective on Philip Morris International in a research report on Tuesday, October 21st. JPMorgan Chase & Co. dropped their target price on Philip Morris International from $190.00 to $185.00 and set an “overweight” rating on the stock in a report on Wednesday, November 26th. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Monday, November 17th. Twelve analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Philip Morris International presently has a consensus rating of “Moderate Buy” and a consensus target price of $189.00.

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.