Asset Management One Co. Ltd. Purchases 56,804 Shares of Philip Morris International Inc. (NYSE:PM)

Asset Management One Co. Ltd. raised its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 6.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 915,187 shares of the company's stock after purchasing an additional 56,804 shares during the period. Asset Management One Co. Ltd. owned 0.06% of Philip Morris International worth $145,268,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. NewSquare Capital LLC increased its position in shares of Philip Morris International by 53.7% during the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company's stock valued at $25,000 after acquiring an additional 72 shares in the last quarter. Pacifica Partners Inc. raised its stake in shares of Philip Morris International by 115.0% in the first quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock worth $35,000 after purchasing an additional 115 shares during the last quarter. Knuff & Co LLC bought a new position in shares of Philip Morris International during the fourth quarter valued at $36,000. Ball & Co Wealth Management Inc. purchased a new stake in shares of Philip Morris International during the fourth quarter valued at $36,000. Finally, Ameriflex Group Inc. bought a new stake in Philip Morris International in the 4th quarter worth about $36,000. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Stock Down 2.5%

PM traded down $4.70 during midday trading on Wednesday, reaching $179.79. The company had a trading volume of 4,807,987 shares, compared to its average volume of 5,610,033. Philip Morris International Inc. has a 1 year low of $100.80 and a 1 year high of $186.69. The company has a market cap of $279.85 billion, a P/E ratio of 37.07, a P/E/G ratio of 2.68 and a beta of 0.52. The business has a 50-day moving average of $174.86 and a two-hundred day moving average of $151.88.

Philip Morris International (NYSE:PM - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.08. Philip Morris International had a net margin of 8.43% and a negative return on equity of 122.40%. The company had revenue of $9.30 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same period in the prior year, the firm posted $1.50 EPS. The firm's quarterly revenue was up 5.8% compared to the same quarter last year. On average, equities research analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 3.00%. The ex-dividend date is Friday, June 27th. Philip Morris International's payout ratio is currently 111.34%.

Analyst Ratings Changes

Several equities analysts have issued reports on PM shares. Morgan Stanley restated an "overweight" rating and set a $182.00 target price (up previously from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. Bank of America increased their price objective on shares of Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Argus raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. Barclays reissued an "overweight" rating and set a $220.00 price target (up from $205.00) on shares of Philip Morris International in a report on Friday, June 13th. Finally, UBS Group raised Philip Morris International from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $130.00 to $170.00 in a report on Friday, April 25th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Philip Morris International has an average rating of "Moderate Buy" and a consensus target price of $176.80.

Philip Morris International 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.