Czech National Bank raised its holdings in Philip Morris International Inc. (NYSE:PM – Free Report) by 3.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 410,463 shares of the company’s stock after acquiring an additional 15,121 shares during the quarter. Czech National Bank’s holdings in Philip Morris International were worth $65,838,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the business. Capital Research Global Investors increased its stake in shares of Philip Morris International by 7.2% during the 3rd quarter. Capital Research Global Investors now owns 43,546,533 shares of the company’s stock worth $7,063,263,000 after purchasing an additional 2,911,835 shares during the last quarter. Capital World Investors lifted its stake in shares of Philip Morris International by 2.2% in the 3rd quarter. Capital World Investors now owns 128,776,327 shares of the company’s stock valued at $20,887,743,000 after purchasing an additional 2,714,674 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Philip Morris International by 1,547.2% in the 4th quarter. SG Americas Securities LLC now owns 2,260,217 shares of the company’s stock valued at $362,539,000 after purchasing an additional 2,123,002 shares during the last quarter. Lone Pine Capital LLC boosted its holdings in Philip Morris International by 67.3% in the third quarter. Lone Pine Capital LLC now owns 4,614,443 shares of the company’s stock worth $748,463,000 after purchasing an additional 1,856,749 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in Philip Morris International by 69.0% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,512,311 shares of the company’s stock worth $821,826,000 after purchasing an additional 1,842,754 shares in the last quarter. 78.63% of the stock is owned by institutional investors.
Philip Morris International Trading Up 1.0%
Shares of PM stock opened at $165.46 on Thursday. The firm has a market capitalization of $257.57 billion, a P/E ratio of 22.76, a price-to-earnings-growth ratio of 1.87 and a beta of 0.38. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $191.30. The firm’s fifty day simple moving average is $177.01 and its 200 day simple moving average is $164.23.
Philip Morris International Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Thursday, March 19th will be paid a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Thursday, March 19th. Philip Morris International’s dividend payout ratio (DPR) is presently 80.88%.
Analysts Set New Price Targets
Several research firms have weighed in on PM. Morgan Stanley restated an “overweight” rating and set a $205.00 target price on shares of Philip Morris International in a report on Monday, February 9th. Citigroup upped their price target on Philip Morris International from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Jefferies Financial Group lowered Philip Morris International from a “buy” rating to a “hold” rating and lowered their price objective for the company from $220.00 to $180.00 in a report on Tuesday, January 20th. UBS Group reissued a “neutral” rating and issued a $181.50 price objective on shares of Philip Morris International in a research note on Monday, February 9th. Finally, Stifel Nicolaus set a $200.00 target price on Philip Morris International in a report on Monday, February 9th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $196.83.
Check Out Our Latest Report on Philip Morris International
Insider Transactions at Philip Morris International
In other Philip Morris International news, CEO Jacek Olczak sold 80,000 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $182.18, for a total value of $14,574,400.00. Following the completion of the transaction, the chief executive officer owned 632,344 shares of the company’s stock, valued at $115,200,429.92. This represents a 11.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Emmanuel Babeau sold 33,800 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $181.61, for a total value of $6,138,418.00. Following the completion of the sale, the chief financial officer owned 164,463 shares of the company’s stock, valued at $29,868,125.43. This represents a 17.05% decrease in their position. The SEC filing for this sale provides additional information. 0.13% of the stock is owned by company insiders.
About Philip Morris International
Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.
PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.
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