Bellecapital International Ltd. Boosts Stock Position in Philip Morris International Inc. $PM

Bellecapital International Ltd. grew its position in shares of Philip Morris International Inc. (NYSE:PM) by 228.5% in the third quarter, Holdings Channel reports. The institutional investor owned 9,084 shares of the company’s stock after buying an additional 6,319 shares during the period. Bellecapital International Ltd.’s holdings in Philip Morris International were worth $1,473,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. WCM Investment Management LLC boosted its position in shares of Philip Morris International by 24,968.0% in the 2nd quarter. WCM Investment Management LLC now owns 11,275,606 shares of the company’s stock worth $2,041,223,000 after buying an additional 11,230,626 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Philip Morris International by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 142,857,055 shares of the company’s stock worth $26,018,555,000 after purchasing an additional 2,235,380 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in shares of Philip Morris International by 69.0% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,512,311 shares of the company’s stock valued at $821,826,000 after acquiring an additional 1,842,754 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Philip Morris International by 111.1% in the 1st quarter. AQR Capital Management LLC now owns 3,002,216 shares of the company’s stock worth $473,660,000 after acquiring an additional 1,580,368 shares during the period. Finally, Prudential Financial Inc. boosted its position in Philip Morris International by 88.9% in the 2nd quarter. Prudential Financial Inc. now owns 2,138,118 shares of the company’s stock valued at $389,415,000 after buying an additional 1,006,014 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

PM has been the subject of a number of research reports. Morgan Stanley set a $175.00 price target on Philip Morris International and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Stifel Nicolaus set a $180.00 target price on Philip Morris International in a research report on Tuesday, October 21st. JPMorgan Chase & Co. cut their price objective on Philip Morris International from $190.00 to $185.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Citigroup reaffirmed a “buy” rating on shares of Philip Morris International in a research report on Thursday, September 4th. Finally, Barclays lowered their target price on Philip Morris International from $220.00 to $180.00 and set an “overweight” rating on the stock in a research note on Monday, November 17th. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $189.00.

Philip Morris International Trading Down 1.0%

Shares of PM stock opened at $161.06 on Friday. The stock has a 50 day moving average of $154.15 and a two-hundred day moving average of $163.80. Philip Morris International Inc. has a 12 month low of $116.12 and a 12 month high of $186.69. The company has a market capitalization of $250.72 billion, a P/E ratio of 29.18, a P/E/G ratio of 1.93 and a beta of 0.42.

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

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Friday, December 26th will be issued a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Friday, December 26th. Philip Morris International’s dividend payout ratio is presently 106.52%.

Philip Morris International Profile

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.