Profund Advisors LLC increased its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 5.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,765 shares of the company’s stock after purchasing an additional 2,008 shares during the quarter. Profund Advisors LLC’s holdings in Philip Morris International were worth $4,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in PM. Flossbach Von Storch AG lifted its holdings in Philip Morris International by 89.4% in the fourth quarter. Flossbach Von Storch AG now owns 6,612,322 shares of the company’s stock valued at $698,592,000 after acquiring an additional 3,121,247 shares during the period. Vanguard Group Inc. lifted its holdings in Philip Morris International by 2.7% in the second quarter. Vanguard Group Inc. now owns 111,475,174 shares of the company’s stock valued at $13,092,759,000 after acquiring an additional 2,972,929 shares during the period. Renaissance Technologies LLC lifted its holdings in Philip Morris International by 93.5% in the fourth quarter. Renaissance Technologies LLC now owns 5,753,131 shares of the company’s stock valued at $607,818,000 after acquiring an additional 2,779,331 shares during the period. BlackRock Inc. lifted its holdings in Philip Morris International by 2.7% in the second quarter. BlackRock Inc. now owns 91,796,829 shares of the company’s stock valued at $10,781,538,000 after acquiring an additional 2,421,533 shares during the period. Finally, FMR LLC lifted its holdings in Philip Morris International by 12.5% in the second quarter. FMR LLC now owns 20,919,201 shares of the company’s stock valued at $2,456,960,000 after acquiring an additional 2,330,864 shares during the period. 72.22% of the stock is currently owned by hedge funds and other institutional investors.
Shares of PM opened at $101.70 on Friday. The company has a debt-to-equity ratio of -3.06, a current ratio of 1.35 and a quick ratio of 0.80. The stock has a market capitalization of $155,090.02, a price-to-earnings ratio of 20.63, a P/E/G ratio of 1.88 and a beta of 0.86. Philip Morris International Inc. has a 52 week low of $95.51 and a 52 week high of $123.55.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 11th. Investors of record on Thursday, March 22nd will be given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 4.21%. The ex-dividend date of this dividend is Wednesday, March 21st. Philip Morris International’s dividend payout ratio is currently 86.82%.
In related news, CEO Andre Calantzopoulos sold 49,000 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $103.66, for a total transaction of $5,079,340.00. Following the completion of the sale, the chief executive officer now owns 792,765 shares in the company, valued at $82,178,019.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Marc S. Firestone sold 13,650 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $104.63, for a total value of $1,428,199.50. Following the sale, the insider now owns 189,199 shares of the company’s stock, valued at approximately $19,795,891.37. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.
PM has been the topic of a number of recent research reports. Zacks Investment Research downgraded Philip Morris International from a “hold” rating to a “sell” rating in a report on Monday, December 11th. Piper Jaffray reissued an “overweight” rating and issued a $137.00 target price (up previously from $130.00) on shares of Philip Morris International in a report on Thursday, January 11th. Citigroup lowered their target price on Philip Morris International from $117.00 to $114.00 and set a “neutral” rating on the stock in a report on Tuesday, January 16th. Jefferies Group raised Philip Morris International from a “hold” rating to a “buy” rating and set a $124.00 target price on the stock in a report on Friday, January 19th. Finally, Morgan Stanley upped their price target 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 analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $123.77.
Philip Morris International Company Profile
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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