Nissay Asset Management Corp Japan ADV Purchases 2,391 Shares of Philip Morris International Inc. (NYSE:PM)

Nissay Asset Management Corp Japan ADV boosted its position in Philip Morris International Inc. (NYSE:PM) by 1.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 196,138 shares of the company’s stock after acquiring an additional 2,391 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Philip Morris International were worth $23,821,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Philip Morris International by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 139,432,392 shares of the company’s stock valued at $16,780,688,000 after buying an additional 1,167,810 shares during the period. Capital World Investors increased its position in shares of Philip Morris International by 3.6% during the fourth quarter. Capital World Investors now owns 122,584,210 shares of the company’s stock valued at $14,752,926,000 after buying an additional 4,216,586 shares during the period. GQG Partners LLC increased its position in shares of Philip Morris International by 14.3% during the fourth quarter. GQG Partners LLC now owns 48,746,809 shares of the company’s stock valued at $5,866,678,000 after buying an additional 6,092,558 shares during the period. Geode Capital Management LLC increased its position in shares of Philip Morris International by 9.9% during the fourth quarter. Geode Capital Management LLC now owns 35,286,582 shares of the company’s stock valued at $4,241,837,000 after buying an additional 3,185,258 shares during the period. Finally, Wellington Management Group LLP increased its position in shares of Philip Morris International by 3.1% during the fourth quarter. Wellington Management Group LLP now owns 17,276,790 shares of the company’s stock valued at $2,079,262,000 after buying an additional 516,617 shares during the period. 78.63% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Philip Morris International news, insider Lars Dahlgren sold 3,679 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $152.96, for a total transaction of $562,739.84. Following the completion of the transaction, the insider now owns 26,828 shares of the company’s stock, valued at approximately $4,103,610.88. This trade represents a 12.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Andre Calantzopoulos sold 40,643 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $149.06, for a total value of $6,058,245.58. Following the transaction, the chairman now directly owns 561,349 shares of the company’s stock, valued at $83,674,681.94. This represents a 6.75% decrease in their position. The disclosure for this sale can be found here. Insiders sold 126,822 shares of company stock valued at $18,906,185 over the last quarter. 0.13% of the stock is owned by company insiders.

Philip Morris International Stock Performance

NYSE:PM opened at $163.78 on Wednesday. The firm has a market cap of $254.93 billion, a PE ratio of 36.31, a price-to-earnings-growth ratio of 2.65 and a beta of 0.50. Philip Morris International Inc. has a fifty-two week low of $98.93 and a fifty-two week high of $176.49. The business has a 50 day moving average price of $159.35 and a 200-day moving average price of $141.57.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.08. The firm had revenue of $9.30 billion during the quarter, compared to analyst estimates of $9.10 billion. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.50 earnings per share. Research analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 20th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date was Thursday, March 20th. Philip Morris International’s payout ratio is 111.34%.

Analysts Set New Price Targets

Several research firms recently weighed in on PM. StockNews.com upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Thursday, April 24th. Argus upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. Citigroup upped their price objective on shares of Philip Morris International from $163.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, April 16th. Morgan Stanley restated an “overweight” rating and issued a $182.00 price objective (up from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Finally, Barclays upped their price objective on shares of Philip Morris International from $175.00 to $205.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $166.33.

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.