Philip Morris International Inc. $PM Shares Bought by Osaic Holdings Inc.

Osaic Holdings Inc. lifted its holdings in Philip Morris International Inc. (NYSE:PM) by 18.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 573,442 shares of the company’s stock after buying an additional 89,368 shares during the quarter. Osaic Holdings Inc.’s holdings in Philip Morris International were worth $102,189,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of PM. WCM Investment Management LLC lifted 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 worth $2,041,223,000 after acquiring an additional 11,230,626 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Philip Morris International by 26.4% during the 1st quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company’s stock worth $3,466,730,000 after purchasing an additional 4,563,632 shares during the period. Vanguard Group Inc. lifted its holdings 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 worth $26,018,555,000 after purchasing an additional 2,235,380 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in Philip Morris International by 69.0% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,512,311 shares of the company’s stock valued at $821,826,000 after purchasing an additional 1,842,754 shares during the period. Finally, AQR Capital Management LLC grew its stake in Philip Morris International by 111.1% during the 1st quarter. AQR Capital Management LLC now owns 3,002,216 shares of the company’s stock worth $473,660,000 after buying an additional 1,580,368 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on PM shares. UBS Group cut their target price on Philip Morris International from $177.00 to $166.00 and set a “neutral” rating on the stock in a research note on Friday, September 5th. Barclays cut their price objective on shares of Philip Morris International from $220.00 to $180.00 and set an “overweight” rating on the stock in a research report on Monday, November 17th. Citigroup restated a “buy” rating on shares of Philip Morris International in a research report on Thursday, September 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, October 8th. Finally, Wall Street Zen raised Philip Morris International from a “hold” rating to a “buy” rating in a report on Monday, November 17th. Twelve investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $189.00.

Philip Morris International Stock Performance

Shares of PM stock opened at $153.49 on Monday. Philip Morris International Inc. has a 1 year low of $116.12 and a 1 year high of $186.69. The business’s fifty day moving average is $153.62 and its 200-day moving average is $165.16. The stock has a market cap of $238.93 billion, a PE ratio of 27.81, a price-to-earnings-growth ratio of 1.83 and a beta of 0.42.

Philip Morris International (NYSE:PM) last announced its earnings results on Tuesday, March 28th. The company reported $1.59 earnings per share for the quarter. The business had revenue of $8.12 billion during the quarter. Philip Morris International had a negative return on equity of 122.14% and a net margin of 9.33%. Equities research analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Friday, December 26th will be paid a $1.47 dividend. The ex-dividend date of this dividend is Friday, December 26th. This represents a $5.88 annualized dividend and a dividend yield of 3.8%. Philip Morris International’s payout ratio is currently 106.52%.

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.