Philip Morris International Inc. $PM Stock Position Increased by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund raised its position in shares of Philip Morris International Inc. (NYSE:PM) by 32.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 177,916 shares of the company’s stock after purchasing an additional 43,420 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Philip Morris International were worth $28,858,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Corient Private Wealth LLC lifted its stake in Philip Morris International by 1.2% in the second quarter. Corient Private Wealth LLC now owns 490,590 shares of the company’s stock valued at $89,354,000 after acquiring an additional 5,681 shares during the last quarter. Westwood Holdings Group Inc. raised its holdings in shares of Philip Morris International by 295.8% during the 2nd quarter. Westwood Holdings Group Inc. now owns 67,717 shares of the company’s stock valued at $12,333,000 after purchasing an additional 50,610 shares in the last quarter. Prudential Financial Inc. raised its holdings in shares of Philip Morris International by 88.9% during the 2nd 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. Trek Financial LLC lifted its stake in shares of Philip Morris International by 732.3% in the 2nd quarter. Trek Financial LLC now owns 42,829 shares of the company’s stock valued at $7,801,000 after purchasing an additional 37,683 shares during the last quarter. Finally, Railway Pension Investments Ltd lifted its stake in shares of Philip Morris International by 2.9% in the 3rd quarter. Railway Pension Investments Ltd now owns 514,040 shares of the company’s stock valued at $83,377,000 after purchasing an additional 14,600 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, October 8th. Barclays lowered their price objective on Philip Morris International from $220.00 to $180.00 and set an “overweight” rating on the stock in a report on Monday, November 17th. The Goldman Sachs Group restated a “buy” rating on shares of Philip Morris International in a report on Wednesday, October 22nd. Morgan Stanley set a $175.00 target price on Philip Morris International and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. dropped their price target on shares of Philip Morris International from $190.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. Twelve analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $189.00.

Philip Morris International Stock Up 2.3%

PM opened at $158.76 on Friday. The stock’s 50 day moving average price is $155.27 and its two-hundred day moving average price is $162.44. The firm has a market capitalization of $247.13 billion, a P/E ratio of 28.76, a price-to-earnings-growth ratio of 1.67 and a beta of 0.40. Philip Morris International Inc. has a 12-month low of $116.12 and a 12-month high of $186.69.

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

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th will be issued a $1.47 dividend. The ex-dividend date of this dividend is Friday, December 26th. This represents a $5.88 dividend on an annualized basis and a yield of 3.7%. Philip Morris International’s dividend payout ratio is 106.52%.

About Philip Morris International

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.