Lincoln National Corp Has $1.57 Million Position in Philip Morris International Inc. (NYSE:PM)

Lincoln National Corp increased its position in Philip Morris International Inc. (NYSE:PM) by 8.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,827 shares of the company’s stock after buying an additional 1,168 shares during the period. Lincoln National Corp’s holdings in Philip Morris International were worth $1,568,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in PM. Capital International Investors lifted its position in Philip Morris International by 11.2% in the 1st quarter. Capital International Investors now owns 69,942,196 shares of the company’s stock valued at $6,206,961,000 after acquiring an additional 7,039,559 shares in the last quarter. Renaissance Technologies LLC bought a new position in Philip Morris International in the 1st quarter valued at about $195,299,000. Arrowstreet Capital Limited Partnership lifted its position in Philip Morris International by 568.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,374,431 shares of the company’s stock valued at $210,707,000 after acquiring an additional 2,019,030 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Philip Morris International by 8.8% in the 1st quarter. Ameriprise Financial Inc. now owns 18,402,643 shares of the company’s stock valued at $1,633,223,000 after acquiring an additional 1,480,697 shares in the last quarter. Finally, BlackRock Inc. lifted its position in shares of Philip Morris International by 1.5% during the 2nd quarter. BlackRock Inc. now owns 91,393,456 shares of the company’s stock worth $9,058,006,000 after buying an additional 1,318,842 shares in the last quarter. 75.05% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO Martin G. King sold 21,725 shares of the business’s stock in a transaction on Tuesday, July 27th. The shares were sold at an average price of $100.18, for a total transaction of $2,176,410.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is owned by insiders.

Several equities analysts have commented on the stock. TheStreet raised shares of Philip Morris International from a “c+” rating to a “b” rating in a research report on Tuesday, July 20th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Philip Morris International from $114.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, August 19th. Barclays set a $98.59 target price on shares of Philip Morris International and gave the stock an “overweight” rating in a research report on Friday, July 23rd. Finally, Morgan Stanley reissued a “buy” rating and set a $110.00 target price on shares of Philip Morris International in a research report on Friday, July 2nd. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $102.60.

PM opened at $97.47 on Thursday. The company has a fifty day moving average price of $100.71 and a 200-day moving average price of $97.95. The firm has a market capitalization of $151.91 billion, a P/E ratio of 17.13, a price-to-earnings-growth ratio of 1.95 and a beta of 0.84. Philip Morris International Inc. has a one year low of $68.93 and a one year high of $106.51.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Monday, July 19th. The company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.02. The firm had revenue of $7.84 billion during the quarter, compared to analyst estimates of $7.71 billion. Philip Morris International had a net margin of 11.13% and a negative return on equity of 91.56%. The business’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.29 EPS. Research analysts forecast that Philip Morris International Inc. will post 6.07 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 14th. Stockholders of record on Wednesday, September 29th will be given a dividend of $1.25 per share. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.20. This represents a $5.00 dividend on an annualized basis and a dividend yield of 5.13%. The ex-dividend date is Tuesday, September 28th. Philip Morris International’s payout ratio is 96.71%.

Philip Morris International Profile

Philip Morris International, Inc is a holding company. It engages in manufacturing and sale of cigarettes, tobacco and nicotine-containing products. It operates through the following geographical segments: European Union, Eastern Europe, Middles East & Africa, South & Southeast Asia, East Asia & Australia and Latin America & Canada.

Read More: Forex

Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

Receive News & Ratings for Philip Morris International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International and related companies with MarketBeat.com's FREE daily email newsletter.