National Pension Service Raises Stock Position in Philip Morris International Inc. $PM

National Pension Service grew its position in Philip Morris International Inc. (NYSE:PM) by 2.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,810,514 shares of the company’s stock after buying an additional 98,450 shares during the quarter. National Pension Service’s holdings in Philip Morris International were worth $618,065,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Second Line Capital LLC raised its position in shares of Philip Morris International by 4.8% in the 2nd quarter. Second Line Capital LLC now owns 1,338 shares of the company’s stock worth $245,000 after acquiring an additional 61 shares in the last quarter. Meridian Wealth Partners LLC boosted its position in Philip Morris International by 3.1% during the second quarter. Meridian Wealth Partners LLC now owns 2,060 shares of the company’s stock valued at $375,000 after purchasing an additional 62 shares in the last quarter. Bernardo Wealth Planning LLC grew its stake in Philip Morris International by 1.8% in the second quarter. Bernardo Wealth Planning LLC now owns 3,584 shares of the company’s stock valued at $653,000 after purchasing an additional 62 shares during the last quarter. Raiffeisen Bank International AG raised its holdings in Philip Morris International by 1.4% in the second quarter. Raiffeisen Bank International AG now owns 4,471 shares of the company’s stock worth $803,000 after purchasing an additional 63 shares in the last quarter. Finally, Nia Impact Advisors LLC lifted its position in shares of Philip Morris International by 4.2% during the second quarter. Nia Impact Advisors LLC now owns 1,577 shares of the company’s stock valued at $287,000 after buying an additional 63 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PM. JPMorgan Chase & Co. lowered their target price on shares of Philip Morris International from $190.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. Stifel Nicolaus set a $180.00 price objective on Philip Morris International in a report on Tuesday, October 21st. The Goldman Sachs Group restated a “buy” rating on shares of Philip Morris International in a research note on Wednesday, October 22nd. Morgan Stanley set a $175.00 target price on Philip Morris International and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a report on Thursday, January 22nd. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $184.56.

Philip Morris International Price Performance

NYSE:PM opened at $179.42 on Friday. The company has a 50 day moving average price of $161.53 and a 200-day moving average price of $161.56. Philip Morris International Inc. has a 1-year low of $128.25 and a 1-year high of $186.69. The firm has a market cap of $279.29 billion, a price-to-earnings ratio of 32.50, a price-to-earnings-growth ratio of 1.92 and a beta of 0.40.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Friday, December 26th were paid a $1.47 dividend. The ex-dividend date of this dividend was Friday, December 26th. This represents a $5.88 dividend on an annualized basis and a yield of 3.3%. Philip Morris International’s dividend payout ratio (DPR) is currently 106.52%.

About Philip Morris International

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.