Philip Morris International Inc. (NYSE:PM) is Capital World Investors’ 7th Largest Position

Capital World Investors grew its stake in shares of Philip Morris International Inc. (NYSE:PM) by 3.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 122,584,210 shares of the company’s stock after purchasing an additional 4,216,586 shares during the quarter. Philip Morris International makes up about 2.2% of Capital World Investors’ holdings, making the stock its 7th biggest position. Capital World Investors owned 7.88% of Philip Morris International worth $14,752,926,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Curi RMB Capital LLC boosted its stake in shares of Philip Morris International by 35.3% during the 4th quarter. Curi RMB Capital LLC now owns 107,939 shares of the company’s stock worth $12,990,000 after acquiring an additional 28,164 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Philip Morris International by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,139,375 shares of the company’s stock valued at $377,818,000 after purchasing an additional 19,164 shares during the last quarter. Elevatus Welath Management increased its position in shares of Philip Morris International by 4.8% in the fourth quarter. Elevatus Welath Management now owns 2,080 shares of the company’s stock valued at $250,000 after buying an additional 95 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Philip Morris International by 2.4% during the 4th quarter. First Trust Advisors LP now owns 2,816,466 shares of the company’s stock worth $338,962,000 after buying an additional 67,047 shares during the last quarter. Finally, Forum Financial Management LP boosted its position in shares of Philip Morris International by 21.0% in the 4th quarter. Forum Financial Management LP now owns 12,856 shares of the company’s stock worth $1,547,000 after buying an additional 2,234 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PM. Argus raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, March 14th. Morgan Stanley initiated coverage on Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price target for the company. Barclays upped their target price on shares of Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. UBS Group boosted their price objective on shares of Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a research report on Friday, February 7th. Finally, StockNews.com lowered Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Philip Morris International presently has a consensus rating of “Moderate Buy” and an average price target of $150.78.

Philip Morris International Price Performance

Philip Morris International stock opened at $163.08 on Friday. The firm’s fifty day moving average price is $153.80 and its 200 day moving average price is $135.92. The company has a market capitalization of $253.83 billion, a price-to-earnings ratio of 36.16, a price-to-earnings-growth ratio of 2.65 and a beta of 0.46. Philip Morris International Inc. has a 12-month low of $91.38 and a 12-month high of $165.00.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. Analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th were given a $1.35 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $5.40 annualized dividend and a dividend yield of 3.31%. Philip Morris International’s payout ratio is 119.73%.

Insider Buying and Selling

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 5,000 shares of the business’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $149.88, for a total transaction of $749,400.00. Following the completion of the transaction, the vice president now directly owns 20,799 shares of the company’s stock, valued at $3,117,354.12. The trade was a 19.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jacek Olczak sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $148.87, for a total value of $5,954,800.00. Following the transaction, the chief executive officer now owns 547,426 shares of the company’s stock, valued at approximately $81,495,308.62. This represents a 6.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 131,822 shares of company stock worth $19,655,585 over the last ninety days. 0.13% of the stock is owned by insiders.

Philip Morris International Company 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.