Philip Morris International Inc. (PM) Position Lifted by Norinchukin Bank The

Norinchukin Bank The boosted its position in shares of Philip Morris International Inc. (NYSE:PM) by 4.3% during the fourth quarter, HoldingsChannel reports. The firm owned 205,780 shares of the company’s stock after buying an additional 8,546 shares during the quarter. Norinchukin Bank The’s holdings in Philip Morris International were worth $21,741,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jackson Grant Investment Advisers Inc. lifted its position in shares of Philip Morris International by 0.3% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 3,368 shares of the company’s stock valued at $396,000 after acquiring an additional 10 shares in the last quarter. Vantage Investment Advisors LLC lifted its position in shares of Philip Morris International by 1.0% in the second quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock valued at $121,000 after acquiring an additional 10 shares in the last quarter. Sterling Investment Advisors Ltd. lifted its position in shares of Philip Morris International by 1.1% in the second quarter. Sterling Investment Advisors Ltd. now owns 1,784 shares of the company’s stock valued at $210,000 after acquiring an additional 19 shares in the last quarter. Regal Investment Advisors LLC lifted its position in shares of Philip Morris International by 0.6% in the second quarter. Regal Investment Advisors LLC now owns 3,563 shares of the company’s stock valued at $419,000 after acquiring an additional 23 shares in the last quarter. Finally, Tanaka Capital Management Inc. lifted its position in shares of Philip Morris International by 0.8% in the second quarter. Tanaka Capital Management Inc. now owns 5,590 shares of the company’s stock valued at $657,000 after acquiring an additional 42 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

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Shares of Philip Morris International stock opened at $95.63 on Friday. The company has a market capitalization of $148,535.38, a PE ratio of 20.35, a price-to-earnings-growth ratio of 1.79 and a beta of 0.85. The company has a debt-to-equity ratio of -3.06, a quick ratio of 0.80 and a current ratio of 1.35. Philip Morris International Inc. has a 12 month low of $95.51 and a 12 month high of $123.55.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, February 8th. The company reported $1.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.35 by ($0.04). The firm had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.17 billion. Philip Morris International had a negative return on equity of 71.99% and a net margin of 7.73%. The business’s revenue was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.10 earnings per share. sell-side analysts anticipate that Philip Morris International Inc. will post 5.27 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 11th. Shareholders of record on Thursday, March 22nd will be paid a dividend of $1.07 per share. The ex-dividend date of this dividend is Wednesday, March 21st. This represents a $4.28 annualized dividend and a yield of 4.48%. Philip Morris International’s dividend payout ratio is presently 110.59%.

In other Philip Morris International news, insider Marc S. Firestone sold 13,650 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $104.63, for a total transaction of $1,428,199.50. Following the completion of the sale, the insider now directly owns 189,199 shares in the company, valued at $19,795,891.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andre Calantzopoulos sold 49,000 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $103.66, for a total value of $5,079,340.00. Following the completion of the sale, the chief executive officer now owns 792,765 shares of the company’s stock, valued at approximately $82,178,019.90. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

Several analysts have recently issued reports on the company. TheStreet downgraded Philip Morris International from a “b-” rating to a “c+” rating in a research report on Tuesday, March 20th. Bank of America reduced their price objective on Philip Morris International from $115.00 to $113.00 and set a “neutral” rating on the stock in a research report on Friday, February 9th. Piper Jaffray Companies restated a “buy” rating and issued a $126.00 price objective on shares of Philip Morris International in a research report on Thursday, February 8th. Citigroup upgraded Philip Morris International from a “neutral” rating to a “buy” rating and set a $125.00 price objective on the stock in a research report on Wednesday, February 28th. They noted that the move was a valuation call. Finally, Morgan Stanley increased their target price on Philip Morris International from $120.00 to $123.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $124.57.

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About Philip Morris International

Philip Morris International Inc is a holding company. The Company is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada.

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

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