Philip Morris International Inc. (NYSE:PM) Shares Acquired by Ninety One SA PTY Ltd

Ninety One SA PTY Ltd boosted its position in Philip Morris International Inc. (NYSE:PM) by 22.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 128,855 shares of the company’s stock after purchasing an additional 23,613 shares during the period. Philip Morris International comprises approximately 1.8% of Ninety One SA PTY Ltd’s holdings, making the stock its 18th largest position. Ninety One SA PTY Ltd’s holdings in Philip Morris International were worth $12,123,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in PM. Moneta Group Investment Advisors LLC lifted its stake 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 valued at $1,582,939,000 after purchasing an additional 15,624,628 shares during the period. Invesco Ltd. increased its holdings in Philip Morris International by 33.5% in the third quarter. Invesco Ltd. now owns 17,147,790 shares of the company’s stock valued at $1,587,542,000 after buying an additional 4,304,089 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Philip Morris International by 12.6% during the 3rd quarter. Wellington Management Group LLP now owns 27,821,802 shares of the company’s stock valued at $2,575,742,000 after acquiring an additional 3,121,732 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Philip Morris International by 122.0% during the 1st quarter. Renaissance Technologies LLC now owns 2,632,467 shares of the company’s stock worth $247,294,000 after acquiring an additional 1,446,567 shares in the last quarter. Finally, Boston Partners grew its holdings in shares of Philip Morris International by 38.5% in the 3rd quarter. Boston Partners now owns 4,940,922 shares of the company’s stock worth $456,368,000 after acquiring an additional 1,372,520 shares during the period. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

PM has been the subject of several research reports. UBS Group cut Philip Morris International from a “buy” rating to a “sell” rating and reduced their price objective for the stock from $105.00 to $86.50 in a report on Tuesday, January 23rd. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. Finally, 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 research report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $105.40.

Philip Morris International Price Performance

NYSE:PM traded up $0.35 on Thursday, reaching $90.93. The stock had a trading volume of 2,195,380 shares, compared to its average volume of 5,450,050. Philip Morris International Inc. has a 12-month low of $87.23 and a 12-month high of $101.92. The company 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. The firm’s fifty day moving average is $91.07 and its two-hundred day moving average is $92.02.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, February 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.08). The firm had revenue of $9.05 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.39 EPS. As a group, research analysts forecast that Philip Morris International Inc. will post 6.37 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

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

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 stock was sold at an average price of $93.63, for a total value of $772,447.50. Following the sale, the insider now directly owns 94,629 shares of the company’s stock, valued at approximately $8,860,113.27. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Philip Morris International news, insider Massimo Andolina sold 8,250 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were 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 of the company’s stock, valued at $8,860,113.27. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 transaction of $181,380.00. Following the completion of the transaction, the vice president now owns 9,726 shares in the company, valued at approximately $882,050.94. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,250 shares of company stock worth $1,411,128. 0.13% of the stock is currently owned by insiders.

About Philip Morris International

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.