Tokio Marine Asset Management Co. Ltd. Acquires 1,666 Shares of Philip Morris International Inc. (NYSE:PM)

Tokio Marine Asset Management Co. Ltd. grew its holdings in Philip Morris International Inc. (NYSE:PM) by 5.1% in the 4th quarter, Holdings Channel reports. The fund owned 34,122 shares of the company’s stock after purchasing an additional 1,666 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Philip Morris International were worth $3,210,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. PFG Investments LLC lifted its holdings in shares of Philip Morris International by 1.9% during the 4th quarter. PFG Investments LLC now owns 5,951 shares of the company’s stock valued at $560,000 after purchasing an additional 109 shares in the last quarter. Townsend Asset Management Corp NC ADV raised its position in Philip Morris International by 3.8% in the 3rd quarter. Townsend Asset Management Corp NC ADV now owns 2,993 shares of the company’s stock valued at $277,000 after buying an additional 110 shares during the last quarter. CGC Financial Services LLC raised its position in Philip Morris International by 8.2% in the 4th quarter. CGC Financial Services LLC now owns 1,453 shares of the company’s stock valued at $137,000 after buying an additional 110 shares during the last quarter. Raleigh Capital Management Inc. raised its position in Philip Morris International by 0.3% in the 3rd quarter. Raleigh Capital Management Inc. now owns 36,857 shares of the company’s stock valued at $3,412,000 after buying an additional 112 shares during the last quarter. Finally, Apexium Financial LP raised its position in Philip Morris International by 4.9% in the 3rd quarter. Apexium Financial LP now owns 2,467 shares of the company’s stock valued at $229,000 after buying an additional 116 shares during the last quarter. 78.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PM. UBS Group lowered Philip Morris International from a “buy” rating to a “sell” rating and dropped their target price for the company from $105.00 to $86.50 in a research report on Tuesday, January 23rd. Societe Generale raised Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 target price on the stock in a research report on Tuesday, February 13th. Stifel Nicolaus boosted their price target on Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Argus reaffirmed a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $105.50.

Insider Buying and Selling

In related news, insider Massimo Andolina sold 8,250 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $93.63, for a total transaction of $772,447.50. Following the transaction, the insider now directly owns 94,629 shares of the company’s stock, valued at approximately $8,860,113.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Werner Barth sold 5,000 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $91.46, for a total value of $457,300.00. Following the completion of the sale, the insider now directly owns 102,918 shares in the company, valued at approximately $9,412,880.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Massimo Andolina sold 8,250 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $93.63, for a total value of $772,447.50. Following the completion of the sale, the insider now owns 94,629 shares of the company’s stock, valued at $8,860,113.27. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,250 shares of company stock valued at $1,411,128. 0.13% of the stock is owned by insiders.

Philip Morris International Stock Down 2.4 %

Shares of PM stock traded down $2.37 during trading on Thursday, reaching $96.65. 3,154,172 shares of the company’s stock were exchanged, compared to its average volume of 5,719,678. The stock has a market capitalization of $150.25 billion, a PE ratio of 19.34, a PEG ratio of 2.05 and a beta of 0.61. Philip Morris International Inc. has a twelve month low of $87.23 and a twelve month high of $100.79. The firm’s fifty day moving average price is $91.65 and its 200-day moving average price is $92.15.

Philip Morris International (NYSE:PM) last posted its earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. The business had revenue of $8.79 billion for the quarter, compared to analyst estimates of $8.44 billion. Philip Morris International had a negative return on equity of 113.26% and a net margin of 9.83%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.38 EPS. As a group, analysts anticipate that Philip Morris International Inc. will post 6.33 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 21st were issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.38%. The ex-dividend date was Wednesday, March 20th. Philip Morris International’s payout ratio is presently 101.56%.

Philip Morris International 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.