IFM Investors Pty Ltd grew its holdings in Philip Morris International Inc. (NYSE:PM) by 41.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 64,252 shares of the company’s stock after acquiring an additional 18,837 shares during the period. IFM Investors Pty Ltd’s holdings in Philip Morris International were worth $5,319,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in PM. Great West Life Assurance Co. Can raised its position in Philip Morris International by 250.0% in the third quarter. Great West Life Assurance Co. Can now owns 3,955,118 shares of the company’s stock worth $83,082,000 after acquiring an additional 2,825,130 shares during the period. Morgan Stanley raised its position in Philip Morris International by 3.3% in the third quarter. Morgan Stanley now owns 47,120,073 shares of the company’s stock worth $3,533,537,000 after acquiring an additional 1,526,001 shares during the period. Two Sigma Advisers LP raised its position in Philip Morris International by 117.6% in the second quarter. Two Sigma Advisers LP now owns 1,261,032 shares of the company’s stock worth $88,348,000 after acquiring an additional 681,600 shares during the period. Teacher Retirement System of Texas raised its position in Philip Morris International by 48.3% in the third quarter. Teacher Retirement System of Texas now owns 671,751 shares of the company’s stock worth $50,375,000 after acquiring an additional 218,644 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH raised its position in shares of Philip Morris International by 18.8% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,316,761 shares of the company’s stock valued at $98,744,000 after purchasing an additional 208,592 shares during the period. Institutional investors and hedge funds own 73.98% of the company’s stock.
Several analysts have recently commented on PM shares. Piper Sandler raised their price objective on shares of Philip Morris International from $98.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, November 18th. Smith Barney Citigroup reiterated a “” rating and set a $105.00 price target (up previously from $100.00) on shares of Philip Morris International in a report on Friday, January 8th. UBS Group downgraded shares of Philip Morris International from a “buy” rating to a “neutral” rating and reduced their price target for the company from $90.00 to $80.00 in a report on Monday, November 23rd. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their price target on shares of Philip Morris International from $100.00 to $105.00 in a report on Friday, January 8th. Finally, The Goldman Sachs Group lifted their price target on shares of Philip Morris International from $85.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, September 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $96.31.
Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Tuesday, October 20th. The company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.36 by $0.06. The firm had revenue of $7.45 billion during the quarter, compared to analyst estimates of $7.27 billion. Philip Morris International had a net margin of 9.54% and a negative return on equity of 80.24%. Philip Morris International’s revenue was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.46 EPS. Analysts anticipate that Philip Morris International Inc. will post 5.08 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, January 11th. Shareholders of record on Wednesday, December 23rd were given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 5.91%. The ex-dividend date of this dividend was Tuesday, December 22nd. Philip Morris International’s dividend payout ratio is presently 92.49%.
Philip Morris International Profile
Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, smoke-free products, and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.
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