Ninety One SA PTY Ltd Has $12.12 Million Position in Philip Morris International Inc. (NYSE:PM)

Ninety One SA PTY Ltd lifted its stake in Philip Morris International Inc. (NYSE:PM) by 22.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 128,855 shares of the company’s stock after acquiring an additional 23,613 shares during the quarter. Philip Morris International makes up 1.8% of Ninety One SA PTY Ltd’s portfolio, making the stock its 18th biggest holding. Ninety One SA PTY Ltd’s holdings in Philip Morris International were worth $12,123,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of PM. Morgan Stanley increased its stake in shares of Philip Morris International by 1.0% during the 4th quarter. Morgan Stanley now owns 43,512,330 shares of the company’s stock worth $4,403,883,000 after purchasing an additional 411,358 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Philip Morris International by 12.6% in the third quarter. Wellington Management Group LLP now owns 27,821,802 shares of the company’s stock worth $2,575,742,000 after purchasing an additional 3,121,732 shares in the last quarter. Invesco Ltd. increased its position in Philip Morris International by 33.5% during the third quarter. Invesco Ltd. now owns 17,147,790 shares of the company’s stock worth $1,587,542,000 after buying an additional 4,304,089 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Philip Morris International by 1.7% during the third quarter. Bank of New York Mellon Corp now owns 16,050,540 shares of the company’s stock valued at $1,332,355,000 after buying an additional 260,832 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC lifted its position in shares of Philip Morris International by 100,700.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 15,640,144 shares of the company’s stock worth $1,582,939,000 after buying an additional 15,624,628 shares during the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Stock Up 0.4 %

NYSE PM traded up $0.35 during midday trading on Thursday, hitting $90.93. The company had a trading volume of 2,195,380 shares, compared to its average volume of 5,450,050. The firm has a fifty 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. The stock has a market cap of $141.36 billion, a price-to-earnings ratio of 18.05, a P/E/G ratio of 1.87 and a beta of 0.61.

Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, February 8th. The company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.08). The firm 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 business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.39 earnings per share. As a group, equities analysts predict that Philip Morris International Inc. will post 6.37 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st were given a dividend of $1.30 per share. The ex-dividend date was Wednesday, March 20th. This represents a $5.20 annualized dividend and a dividend yield of 5.72%. Philip Morris International’s dividend payout ratio (DPR) is currently 103.59%.

Wall Street Analyst Weigh In

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

Insider Activity at Philip Morris International

In other Philip Morris International news, insider Massimo Andolina sold 8,250 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $93.63, for a total transaction of $772,447.50. Following the completion of the transaction, the insider now owns 94,629 shares in the company, valued at $8,860,113.27. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Philip Morris International news, insider Massimo Andolina sold 8,250 shares of the stock in a transaction 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 completion of the transaction, the insider now directly owns 94,629 shares in the company, valued at $8,860,113.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Reginaldo Dobrowolski sold 2,000 shares of Philip Morris International stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total value of $181,380.00. Following the transaction, the vice president now directly owns 9,726 shares of the company’s stock, valued at $882,050.94. The disclosure for this sale can be found here. Insiders have sold a total of 15,250 shares of company stock valued at $1,411,128 over the last quarter. 0.13% of the stock is owned by company insiders.

Philip Morris International Profile

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.