Northwestern Mutual Wealth Management Co. Has $6.09 Million Stake in Philip Morris International Inc. (PM)

Northwestern Mutual Wealth Management Co. increased its holdings in Philip Morris International Inc. (NYSE:PM) by 0.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,725 shares of the company’s stock after buying an additional 664 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Philip Morris International were worth $6,093,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PM. Fundsmith Equity Fund L.P. acquired a new stake in shares of Philip Morris International in the second quarter valued at approximately $845,763,000. Flossbach Von Storch AG raised its position in shares of Philip Morris International by 48.1% in the second quarter. Flossbach Von Storch AG now owns 14,212,696 shares of the company’s stock valued at $1,147,533,000 after buying an additional 4,618,289 shares in the last quarter. Morgan Stanley raised its position in shares of Philip Morris International by 23.9% in the second quarter. Morgan Stanley now owns 22,738,044 shares of the company’s stock valued at $1,835,871,000 after buying an additional 4,386,487 shares in the last quarter. Coronation Fund Managers Ltd. raised its position in shares of Philip Morris International by 1,884.4% in the second quarter. Coronation Fund Managers Ltd. now owns 3,877,270 shares of the company’s stock valued at $313,051,000 after buying an additional 3,681,882 shares in the last quarter. Finally, Charles Schwab Investment Advisory Inc. acquired a new stake in shares of Philip Morris International in the second quarter valued at approximately $277,027,000. Institutional investors own 72.76% of the company’s stock.

Several research analysts have commented on PM shares. ValuEngine upgraded shares of Philip Morris International from a “strong sell” rating to a “sell” rating in a research report on Monday, July 30th. Zacks Investment Research downgraded shares of Philip Morris International from a “hold” rating to a “sell” rating in a research report on Monday, September 24th. Societe Generale set a $95.00 price objective on shares of Philip Morris International and gave the company a “hold” rating in a research report on Monday, October 22nd. Stifel Nicolaus lowered their price objective on shares of Philip Morris International from $100.00 to $93.00 and set a “buy” rating for the company in a research report on Friday, July 20th. Finally, JPMorgan Chase & Co. downgraded shares of Philip Morris International from an “overweight” rating to a “neutral” rating in a research report on Friday, July 20th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $98.08.

Shares of PM opened at $88.77 on Wednesday. Philip Morris International Inc. has a one year low of $76.21 and a one year high of $111.25. The company has a market cap of $137.96 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 2.03 and a beta of 0.58.

Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, October 18th. The company reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.16. The firm had revenue of $7.50 billion for the quarter, compared to analysts’ expectations of $7.16 billion. Philip Morris International had a net margin of 8.20% and a negative return on equity of 78.80%. The company’s revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.27 earnings per share. Equities research analysts anticipate that Philip Morris International Inc. will post 5.01 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, October 12th. Shareholders of record on Wednesday, September 26th were paid a dividend of $1.14 per share. The ex-dividend date was Tuesday, September 25th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 5.14%. Philip Morris International’s payout ratio is presently 92.49%.

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Philip Morris International Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, Philip Morris, Merit, Virginia S., Muratti, and Next.

Featured Story: Ex-Dividend

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

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