Philip Morris International Inc. $PM Shares Purchased by Whittier Trust Co. of Nevada Inc.

by · The Markets Daily

Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Philip Morris International Inc. (NYSE:PM – Free Report) by 2.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 195,609 shares of the company’s stock after buying an additional 4,087 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Philip Morris International were worth $29,981,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. WCM Investment Management LLC raised its holdings in Philip Morris International by 24,968.0% in the second quarter. WCM Investment Management LLC now owns 11,275,606 shares of the company’s stock valued at $2,041,223,000 after acquiring an additional 11,230,626 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Philip Morris International by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 142,857,055 shares of the company’s stock valued at $26,018,555,000 after purchasing an additional 2,235,380 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of Philip Morris International by 69.0% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,512,311 shares of the company’s stock worth $821,826,000 after purchasing an additional 1,842,754 shares during the last quarter. Prudential Financial Inc. grew its stake in Philip Morris International by 88.9% in the second quarter. Prudential Financial Inc. now owns 2,138,118 shares of the company’s stock worth $389,415,000 after purchasing an additional 1,006,014 shares in the last quarter. Finally, Panagora Asset Management Inc. increased its holdings in Philip Morris International by 142.2% in the second quarter. Panagora Asset Management Inc. now owns 1,512,514 shares of the company’s stock valued at $275,474,000 after buying an additional 888,148 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Stock Performance

Shares of PM opened at $173.06 on Friday. The firm has a fifty day moving average of $159.22 and a 200-day moving average of $161.48. The company has a market cap of $269.39 billion, a price-to-earnings ratio of 31.35, a price-to-earnings-growth ratio of 1.86 and a beta of 0.40. Philip Morris International Inc. has a 1 year low of $125.53 and a 1 year high of $186.69.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th were given a $1.47 dividend. The ex-dividend date was Friday, December 26th. This represents a $5.88 annualized dividend and a yield of 3.4%. Philip Morris International’s dividend payout ratio is 106.52%.

Wall Street Analyst Weigh In

A number of research firms have commented on PM. JPMorgan Chase & Co. reduced their target price on Philip Morris International from $190.00 to $185.00 and set an “overweight” rating on the stock in a report on Wednesday, November 26th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Philip Morris International in a report on Wednesday, October 22nd. Stifel Nicolaus set a $180.00 target price on shares of Philip Morris International in a report on Tuesday, October 21st. Morgan Stanley set a $175.00 price target on shares of Philip Morris International and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research note on Thursday. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Philip Morris International currently has a consensus rating of “Moderate Buy” and a consensus target price of $184.56.

Check Out Our Latest Research Report on PM

About Philip Morris International

(Free Report)

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.

See Also

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