Ninety One SA PTY Ltd Trims Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Ninety One SA PTY Ltd reduced its stake in shares of Philip Morris International Inc. (NYSE:PM) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,826 shares of the company’s stock after selling 814 shares during the period. Philip Morris International accounts for 1.1% of Ninety One SA PTY Ltd’s portfolio, making the stock its 26th biggest holding. Ninety One SA PTY Ltd’s holdings in Philip Morris International were worth $5,154,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. 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. Massachusetts Financial Services Co. MA lifted its holdings in Philip Morris International by 57.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 9,241,612 shares of the company’s stock worth $1,121,932,000 after purchasing an additional 3,363,454 shares in the last quarter. National Bank of Canada FI boosted its stake in Philip Morris International by 161.6% in the 3rd quarter. National Bank of Canada FI now owns 1,943,460 shares of the company’s stock worth $235,936,000 after purchasing an additional 1,200,636 shares during the period. Los Angeles Capital Management LLC boosted its stake in Philip Morris International by 14,611.4% in the 3rd quarter. Los Angeles Capital Management LLC now owns 1,173,531 shares of the company’s stock worth $142,467,000 after purchasing an additional 1,165,554 shares during the period. Finally, International Assets Investment Management LLC grew its holdings in Philip Morris International by 13,666.6% during the 3rd quarter. International Assets Investment Management LLC now owns 999,729 shares of the company’s stock valued at $121,367,000 after buying an additional 992,467 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Trading Up 0.0 %

Shares of PM stock opened at $130.42 on Wednesday. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $134.15. The stock has a fifty day simple moving average of $125.22 and a two-hundred day simple moving average of $123.24. The stock has a market capitalization of $202.78 billion, a price-to-earnings ratio of 20.70, a P/E/G ratio of 2.30 and a beta of 0.55.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were given a dividend of $1.35 per share. The ex-dividend date was Thursday, December 26th. This represents a $5.40 annualized dividend and a yield of 4.14%. Philip Morris International’s dividend payout ratio (DPR) is presently 85.71%.

Analyst Ratings Changes

Several research firms have recently commented on PM. Citigroup boosted their target price on shares of Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. increased their price objective on shares of Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Morgan Stanley initiated coverage on Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 target price on the stock. Stifel Nicolaus reissued a “buy” rating and set a $145.00 price target (up from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. Finally, Barclays reduced their price objective on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $131.35.

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.