Fort Washington Investment Advisors Inc. OH Buys 5,300 Shares of Philip Morris International Inc. $PM

Fort Washington Investment Advisors Inc. OH grew its stake in Philip Morris International Inc. (NYSE:PM) by 0.3% in the third quarter, HoldingsChannel.com reports. The fund owned 1,522,509 shares of the company’s stock after acquiring an additional 5,300 shares during the period. Philip Morris International makes up 1.3% of Fort Washington Investment Advisors Inc. OH’s investment portfolio, making the stock its 15th largest position. Fort Washington Investment Advisors Inc. OH’s holdings in Philip Morris International were worth $246,951,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of PM. WCM Investment Management LLC raised its stake in Philip Morris International by 24,968.0% during the 2nd quarter. WCM Investment Management LLC now owns 11,275,606 shares of the company’s stock worth $2,041,223,000 after buying an additional 11,230,626 shares during the period. Vanguard Group Inc. increased its stake in Philip Morris International by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 142,857,055 shares of the company’s stock worth $26,018,555,000 after purchasing an additional 2,235,380 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Philip Morris International by 69.0% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,512,311 shares of the company’s stock worth $821,826,000 after purchasing an additional 1,842,754 shares in the last quarter. AQR Capital Management LLC lifted its position in Philip Morris International by 111.1% in the 1st quarter. AQR Capital Management LLC now owns 3,002,216 shares of the company’s stock valued at $473,660,000 after acquiring an additional 1,580,368 shares in the last quarter. Finally, Prudential Financial Inc. lifted its holdings in shares of Philip Morris International by 88.9% in the second quarter. Prudential Financial Inc. now owns 2,138,118 shares of the company’s stock valued at $389,415,000 after purchasing an additional 1,006,014 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Up 0.4%

Shares of NYSE:PM opened at $161.76 on Tuesday. The firm has a 50 day moving average of $154.23 and a 200-day moving average of $163.51. Philip Morris International Inc. has a 12 month low of $116.12 and a 12 month high of $186.69. The stock has a market capitalization of $251.81 billion, a PE ratio of 29.31, a PEG ratio of 1.93 and a beta of 0.42.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Tuesday, March 28th. The company reported $1.59 earnings per share (EPS) for the quarter. Philip Morris International had a net margin of 9.33% and a negative return on equity of 122.14%. The business had revenue of $8.12 billion for the quarter. On average, research analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Friday, December 26th will be paid a $1.47 dividend. The ex-dividend date of this dividend is Friday, December 26th. This represents a $5.88 annualized dividend and a yield of 3.6%. Philip Morris International’s dividend payout ratio (DPR) is 106.52%.

Analysts Set New Price Targets

A number of brokerages have recently commented on PM. The Goldman Sachs Group reissued a “buy” rating on shares of Philip Morris International in a research report on Wednesday, October 22nd. Morgan Stanley set a $175.00 price objective on shares of Philip Morris International and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, October 8th. Stifel Nicolaus set a $180.00 target price on Philip Morris International in a research note on Tuesday, October 21st. Finally, Barclays decreased their price objective on shares of Philip Morris International from $220.00 to $180.00 and set an “overweight” rating on the stock in a report on Monday, November 17th. Twelve investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $189.00.

Philip Morris International Profile

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.