Philip Morris International Inc. (NYSE:PM) Shares Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC grew its stake in Philip Morris International Inc. (NYSE:PM) by 20.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,415,881 shares of the company’s stock after buying an additional 242,350 shares during the quarter. Philip Morris International accounts for about 0.7% of Los Angeles Capital Management LLC’s portfolio, making the stock its 24th largest holding. Los Angeles Capital Management LLC’s holdings in Philip Morris International were worth $170,401,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. FMR LLC raised its holdings in Philip Morris International by 40.9% in the 3rd quarter. FMR LLC now owns 23,168,446 shares of the company’s stock worth $2,812,649,000 after purchasing an additional 6,721,094 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Philip Morris International by 57.2% during 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 buying an additional 3,363,454 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Philip Morris International by 21.0% during the 4th quarter. Bank of New York Mellon Corp now owns 16,070,482 shares of the company’s stock worth $1,934,083,000 after buying an additional 2,785,987 shares in the last quarter. National Bank of Canada FI increased its stake in Philip Morris International by 161.6% during the 3rd quarter. National Bank of Canada FI now owns 1,943,460 shares of the company’s stock worth $235,936,000 after buying an additional 1,200,636 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in Philip Morris International by 44.0% during the 3rd quarter. Bank of Montreal Can now owns 3,170,549 shares of the company’s stock worth $382,432,000 after buying an additional 969,198 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Price Performance

NYSE:PM opened at $156.13 on Tuesday. The firm has a market capitalization of $242.76 billion, a PE ratio of 34.62, a price-to-earnings-growth ratio of 2.65 and a beta of 0.55. The business’s fifty day moving average price is $130.42 and its 200 day moving average price is $126.81. Philip Morris International Inc. has a 12 month low of $87.82 and a 12 month high of $156.63.

Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, February 6th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.49 by $0.06. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. As a group, equities analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is currently 119.73%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on PM shares. Barclays cut their price objective on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Morgan Stanley assumed coverage on Philip Morris International in a research report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price target for the company. UBS Group upped their price target on Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. increased their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Finally, Stifel Nicolaus increased their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $141.22.

Insider Transactions at Philip Morris International

In other news, SVP Yann Guerin sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $151.28, for a total transaction of $378,200.00. Following the sale, the senior vice president now owns 30,308 shares of the company’s stock, valued at $4,584,994.24. The trade was a 7.62 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Werner Barth sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $148.67, for a total value of $1,486,700.00. Following the completion of the sale, the insider now directly owns 106,244 shares in the company, valued at approximately $15,795,295.48. The trade was a 8.60 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 128,143 shares of company stock worth $19,092,846. Corporate insiders own 0.14% of the company’s stock.

About Philip Morris International

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.