Deutsche Bank AG Has $321.65 Million Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Deutsche Bank AG decreased its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 18.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,672,609 shares of the company's stock after selling 621,461 shares during the period. Deutsche Bank AG owned about 0.17% of Philip Morris International worth $321,648,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. GQG Partners LLC increased its stake in Philip Morris International by 14.3% in the fourth quarter. GQG Partners LLC now owns 48,746,809 shares of the company's stock valued at $5,866,678,000 after acquiring an additional 6,092,558 shares during the period. Raymond James Financial Inc. acquired a new stake in Philip Morris International during the fourth quarter valued at approximately $522,214,000. Kovitz Investment Group Partners LLC lifted its position in shares of Philip Morris International by 372.2% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 5,453,285 shares of the company's stock worth $656,303,000 after buying an additional 4,298,530 shares during the period. Capital World Investors grew its position in Philip Morris International by 3.6% in the fourth quarter. Capital World Investors now owns 122,584,210 shares of the company's stock valued at $14,752,926,000 after acquiring an additional 4,216,586 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Philip Morris International by 9.9% during the fourth quarter. Geode Capital Management LLC now owns 35,286,582 shares of the company's stock valued at $4,241,837,000 after acquiring an additional 3,185,258 shares during the period. Institutional investors and hedge funds own 78.63% of the company's stock.

Philip Morris International Trading Down 1.9 %

Philip Morris International stock opened at $172.02 on Friday. The company has a market capitalization of $267.74 billion, a price-to-earnings ratio of 38.14, a PEG ratio of 2.65 and a beta of 0.50. The stock's 50 day moving average is $158.61 and its 200-day moving average is $140.79. Philip Morris International Inc. has a 12 month low of $98.19 and a 12 month high of $176.49.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.08. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The business had revenue of $9.30 billion during the quarter, compared to analysts' expectations of $9.10 billion. During the same period in the previous year, the company posted $1.50 earnings per share. The firm's revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, equities research analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th were given a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.14%. The ex-dividend date was Thursday, March 20th. Philip Morris International's dividend payout ratio (DPR) is currently 111.34%.

Insider Buying and Selling

In other news, VP Reginaldo Dobrowolski sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $149.88, for a total transaction of $749,400.00. Following the completion of the sale, the vice president now owns 20,799 shares of the company's stock, valued at $3,117,354.12. This trade represents a 19.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Werner Barth sold 10,000 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $148.67, for a total value of $1,486,700.00. Following the completion of the sale, the insider now directly owns 106,244 shares of the company's stock, valued at $15,795,295.48. The trade was a 8.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 131,822 shares of company stock valued at $19,655,585 in the last three months. Insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. UBS Group upgraded Philip Morris International from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $130.00 to $170.00 in a research report on Friday, April 25th. JPMorgan Chase & Co. boosted their target price on Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Barclays upped their target price on shares of Philip Morris International from $175.00 to $205.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Argus upgraded Philip Morris International from a "hold" rating to a "buy" rating in a report on Friday, March 14th. Finally, Citigroup raised their target price on shares of Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a research report on Wednesday, April 16th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $166.33.

Philip Morris International Company Profile

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.

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