Sumitomo Mitsui DS Asset Management Company Ltd Has $22.56 Million Holdings in Philip Morris International Inc. (NYSE:PM)

Sumitomo Mitsui DS Asset Management Company Ltd decreased its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 4.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 239,821 shares of the company's stock after selling 10,028 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Philip Morris International were worth $22,562,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Studio Investment Management LLC boosted its stake in Philip Morris International by 33.8% during the fourth quarter. Studio Investment Management LLC now owns 428 shares of the company's stock worth $43,000 after buying an additional 108 shares in the last quarter. PFG Investments LLC boosted its stake in Philip Morris International by 1.9% during the fourth quarter. PFG Investments LLC now owns 5,951 shares of the company's stock worth $560,000 after buying an additional 109 shares in the last quarter. Townsend Asset Management Corp NC ADV boosted its stake in Philip Morris International by 3.8% during the third quarter. Townsend Asset Management Corp NC ADV now owns 2,993 shares of the company's stock worth $277,000 after buying an additional 110 shares in the last quarter. CGC Financial Services LLC boosted its stake in shares of Philip Morris International by 8.2% in the 4th quarter. CGC Financial Services LLC now owns 1,453 shares of the company's stock valued at $137,000 after purchasing an additional 110 shares in the last quarter. Finally, Raleigh Capital Management Inc. boosted its stake in shares of Philip Morris International by 0.3% in the 3rd quarter. Raleigh Capital Management Inc. now owns 36,857 shares of the company's stock valued at $3,412,000 after purchasing an additional 112 shares in the last quarter. Institutional investors own 78.63% of the company's stock.

Insider Buying and Selling

In related news, insider Massimo Andolina sold 8,250 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $93.63, for a total transaction of $772,447.50. Following the completion of the sale, the insider now directly owns 94,629 shares of the company's stock, valued at approximately $8,860,113.27. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Massimo Andolina sold 8,250 shares of the firm's stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $93.63, for a total transaction of $772,447.50. Following the completion of the transaction, the insider now directly owns 94,629 shares of the company's stock, valued at approximately $8,860,113.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Werner Barth sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $91.46, for a total transaction of $457,300.00. Following the transaction, the insider now directly owns 102,918 shares of the company's stock, valued at $9,412,880.28. The disclosure for this sale can be found here. In the last three months, insiders sold 15,250 shares of company stock valued at $1,411,128. 0.13% of the stock is owned by corporate insiders.

Philip Morris International Trading Up 2.8 %

Shares of PM stock traded up $2.57 on Friday, reaching $93.77. The company had a trading volume of 8,710,167 shares, compared to its average volume of 5,807,585. The stock has a market cap of $145.77 billion, a PE ratio of 18.68, a PEG ratio of 1.90 and a beta of 0.61. The company has a 50-day moving average of $91.20 and a 200-day moving average of $92.04. Philip Morris International Inc. has a 12 month low of $87.23 and a 12 month high of $100.79.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings results on Thursday, February 8th. The company reported $1.36 earnings per share for the quarter, missing analysts' consensus estimates of $1.44 by ($0.08). The firm had revenue of $9.05 billion during the quarter, compared to analyst estimates of $8.99 billion. Philip Morris International had a net margin of 8.53% and a negative return on equity of 116.29%. The business's revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.39 earnings per share. Sell-side analysts anticipate that Philip Morris International Inc. will post 6.38 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 21st were paid a dividend of $1.30 per share. The ex-dividend date was Wednesday, March 20th. This represents a $5.20 dividend on an annualized basis and a yield of 5.55%. Philip Morris International's payout ratio is 103.59%.

Analyst Ratings Changes

PM has been the topic of several recent analyst reports. Societe Generale upgraded shares of Philip Morris International from a "sell" rating to a "hold" rating and set a $87.50 target price on the stock in a research note on Tuesday, February 13th. UBS Group downgraded shares of Philip Morris International from a "buy" rating to a "sell" rating and reduced their target price for the company from $105.00 to $86.50 in a research note on Tuesday, January 23rd. Finally, Argus reaffirmed a "hold" rating on shares of Philip Morris International in a report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, Philip Morris International currently has an average rating of "Hold" and an average target price of $105.40.

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.