Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Philip Morris International Inc. (NYSE:PM) by 0.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 136,833 shares of the company’s stock after acquiring an additional 221 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Philip Morris International were worth $11,643,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Penserra Capital Management LLC boosted its position in Philip Morris International by 71.6% during the third quarter. Penserra Capital Management LLC now owns 1,045 shares of the company’s stock valued at $79,000 after buying an additional 436 shares during the period. MUFG Americas Holdings Corp boosted its position in Philip Morris International by 6.1% during the third quarter. MUFG Americas Holdings Corp now owns 168,225 shares of the company’s stock valued at $12,774,000 after buying an additional 9,645 shares during the period. First Trust Advisors LP boosted its position in Philip Morris International by 10.9% during the third quarter. First Trust Advisors LP now owns 1,766,825 shares of the company’s stock valued at $134,155,000 after buying an additional 173,113 shares during the period. Municipal Employees Retirement System of Michigan boosted its position in Philip Morris International by 0.5% during the third quarter. Municipal Employees Retirement System of Michigan now owns 62,230 shares of the company’s stock valued at $4,725,000 after buying an additional 310 shares during the period. Finally, Sabal Trust CO boosted its position in Philip Morris International by 42.3% during the third quarter. Sabal Trust CO now owns 3,750 shares of the company’s stock valued at $284,000 after buying an additional 1,115 shares during the period. Institutional investors and hedge funds own 73.05% of the company’s stock.

Shares of Philip Morris International stock traded down $1.26 during trading on Friday, reaching $85.74. 275,906 shares of the stock were exchanged, compared to its average volume of 4,067,431. The stock’s fifty day moving average is $86.09 and its 200 day moving average is $81.70. The firm has a market cap of $138.44 billion, a price-to-earnings ratio of 17.84, a price-to-earnings-growth ratio of 2.09 and a beta of 1.00. Philip Morris International Inc. has a 1 year low of $69.27 and a 1 year high of $92.74.

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 19th were issued a dividend of $1.17 per share. The ex-dividend date was Wednesday, December 18th. This represents a $4.68 dividend on an annualized basis and a dividend yield of 5.46%. Philip Morris International’s dividend payout ratio is currently 91.76%.

Several research firms have issued reports on PM. Citigroup lowered shares of Philip Morris International from a “buy” rating to a “neutral” rating and set a $90.00 price target for the company. in a research report on Monday, December 2nd. Morgan Stanley increased their target price on shares of Philip Morris International from $92.00 to $99.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Piper Jaffray Companies reiterated an “overweight” rating on shares of Philip Morris International in a report on Wednesday, January 8th. Piper Sandler increased their target price on shares of Philip Morris International from $105.00 to $114.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Finally, Wells Fargo & Co dropped their target price on shares of Philip Morris International from $102.00 to $100.00 and set an “outperform” rating for the company in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $95.17.

About Philip Morris International

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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