Daiwa Securities Group Inc. Acquires 7,591 Shares of Philip Morris International Inc. (NYSE:PM)

Daiwa Securities Group Inc. boosted its holdings in shares of Philip Morris International Inc. (NYSE:PMFree Report) by 5.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 147,436 shares of the company’s stock after acquiring an additional 7,591 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Philip Morris International were worth $13,871,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Fairfield Bush & CO. lifted its position in shares of Philip Morris International by 1.1% during the first quarter. Fairfield Bush & CO. now owns 26,141 shares of the company’s stock valued at $2,456,000 after buying an additional 281 shares during the last quarter. American Century Companies Inc. boosted its stake in Philip Morris International by 35.6% in the first quarter. American Century Companies Inc. now owns 4,939 shares of the company’s stock valued at $463,000 after acquiring an additional 1,296 shares in the last quarter. Loomis Sayles & Co. L P boosted its stake in Philip Morris International by 24.7% in the first quarter. Loomis Sayles & Co. L P now owns 3,065 shares of the company’s stock valued at $288,000 after acquiring an additional 608 shares in the last quarter. Covestor Ltd grew its holdings in Philip Morris International by 54.9% in the first quarter. Covestor Ltd now owns 525 shares of the company’s stock worth $49,000 after purchasing an additional 186 shares during the last quarter. Finally, Mather Group LLC. increased its position in shares of Philip Morris International by 14.7% during the first quarter. Mather Group LLC. now owns 8,987 shares of the company’s stock worth $844,000 after purchasing an additional 1,154 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Insider Buying and Selling at Philip Morris International

In other news, VP Reginaldo Dobrowolski sold 2,000 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total transaction of $181,380.00. Following the sale, the vice president now directly owns 9,726 shares of the company’s stock, valued at approximately $882,050.94. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Massimo Andolina sold 8,250 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $93.63, for a total transaction of $772,447.50. Following the transaction, the insider now owns 94,629 shares in the company, valued at approximately $8,860,113.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Reginaldo Dobrowolski sold 2,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total transaction of $181,380.00. Following the completion of the sale, the vice president now directly owns 9,726 shares of the company’s stock, valued at approximately $882,050.94. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,250 shares of company stock valued at $1,411,128. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on PM shares. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. Societe Generale upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective on the stock in a report on Tuesday, February 13th. Finally, UBS Group cut shares of Philip Morris International from a “buy” rating to a “sell” rating and lowered their target price for the stock from $105.00 to $86.50 in a research note on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Philip Morris International presently has an average rating of “Hold” and a consensus price target of $105.40.

Check Out Our Latest Stock Report on PM

Philip Morris International Stock Performance

NYSE PM opened at $90.58 on Thursday. The firm has a market capitalization of $140.81 billion, a P/E ratio of 18.05, a PEG ratio of 1.87 and a beta of 0.61. The stock has a 50-day simple moving average of $91.07 and a two-hundred day simple moving average of $92.02. Philip Morris International Inc. has a fifty-two week low of $87.23 and a fifty-two week high of $101.92.

Philip Morris International (NYSE:PMGet Free Report) last announced its quarterly earnings results on Thursday, February 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.08). The company had revenue of $9.05 billion during the quarter, compared to analyst estimates of $8.99 billion. Philip Morris International had a net margin of 8.53% and a negative return on equity of 116.29%. The company’s revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.39 earnings per share. As a group, analysts forecast that Philip Morris International Inc. will post 6.37 earnings per share for the current year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 21st were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $5.20 annualized dividend and a yield of 5.74%. Philip Morris International’s dividend payout ratio is presently 103.59%.

About Philip Morris International

(Free Report)

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.

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

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