Robeco Institutional Asset Management B.V. Raises Holdings in Philip Morris International Inc. (NYSE:PM)

Robeco Institutional Asset Management B.V. raised its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 6.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 268,416 shares of the company's stock after purchasing an additional 15,866 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Philip Morris International were worth $42,606,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Perigon Wealth Management LLC grew its holdings in shares of Philip Morris International by 0.4% during the first quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company's stock worth $2,236,000 after purchasing an additional 60 shares during the last quarter. Lloyd Advisory Services LLC. boosted its position in shares of Philip Morris International by 3.3% in the 1st quarter. Lloyd Advisory Services LLC. now owns 2,032 shares of the company's stock valued at $323,000 after purchasing an additional 64 shares during the period. Omnia Family Wealth LLC grew its stake in Philip Morris International by 1.7% during the 4th quarter. Omnia Family Wealth LLC now owns 3,851 shares of the company's stock worth $469,000 after buying an additional 65 shares during the last quarter. Wagner Wealth Management LLC increased its position in Philip Morris International by 1.0% during the first quarter. Wagner Wealth Management LLC now owns 6,459 shares of the company's stock worth $1,025,000 after buying an additional 67 shares during the period. Finally, Sonora Investment Management Group LLC lifted its stake in Philip Morris International by 0.6% in the first quarter. Sonora Investment Management Group LLC now owns 11,240 shares of the company's stock valued at $1,784,000 after buying an additional 68 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company's stock.

Philip Morris International Stock Up 0.2%

Shares of NYSE PM traded up $0.45 during midday trading on Friday, hitting $181.11. The company had a trading volume of 7,043,892 shares, compared to its average volume of 5,616,445. The firm has a market capitalization of $281.90 billion, a price-to-earnings ratio of 37.34, a price-to-earnings-growth ratio of 2.60 and a beta of 0.52. Philip Morris International Inc. has a twelve month low of $100.80 and a twelve month high of $186.69. The business has a 50-day simple moving average of $175.60 and a two-hundred day simple moving average of $152.43.

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

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be paid a $1.35 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $5.40 dividend on an annualized basis and a yield of 2.98%. Philip Morris International's payout ratio is 111.34%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PM. Stifel Nicolaus increased their price target on shares of Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. Argus upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a research note on Friday, March 14th. Citigroup raised their price target on Philip Morris International from $163.00 to $180.00 and gave the stock a "buy" rating in a report on Wednesday, April 16th. UBS Group raised Philip Morris International from a "sell" rating to a "neutral" rating and upped their price objective for the company from $130.00 to $170.00 in a research note on Friday, April 25th. Finally, Bank of America increased their price objective on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. One equities research 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, the company currently has an average rating of "Moderate Buy" and a consensus target price of $176.80.

About Philip Morris International

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.