Surevest Inc. grew its stake in shares of Philip Morris International Inc. (NYSE:PM) by 144.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 8,699 shares of the company’s stock after acquiring an additional 5,142 shares during the period. Surevest Inc.’s holdings in Philip Morris International were worth $769,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in PM. Bank of New York Mellon Corp raised its stake in Philip Morris International by 266,796.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 16,985,289 shares of the company’s stock valued at $1,384,981,000 after purchasing an additional 16,978,925 shares during the period. Oregon Public Employees Retirement Fund raised its stake in Philip Morris International by 6,541.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 11,319,091 shares of the company’s stock valued at $170,000 after purchasing an additional 11,148,661 shares during the period. BlackRock Inc. raised its stake in Philip Morris International by 5.1% during the 4th quarter. BlackRock Inc. now owns 95,049,723 shares of the company’s stock valued at $6,345,520,000 after purchasing an additional 4,576,645 shares during the period. Deutsche Bank AG raised its stake in Philip Morris International by 50.5% during the 4th quarter. Deutsche Bank AG now owns 11,054,233 shares of the company’s stock valued at $737,970,000 after purchasing an additional 3,710,763 shares during the period. Finally, Two Sigma Advisers LP raised its stake in Philip Morris International by 168.1% during the 4th quarter. Two Sigma Advisers LP now owns 3,936,832 shares of the company’s stock valued at $262,823,000 after purchasing an additional 2,468,400 shares during the period. Institutional investors own 73.53% of the company’s stock.

In other news, CEO Andre Calantzopoulos sold 50,000 shares of the company’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $84.76, for a total value of $4,238,000.00. Following the transaction, the chief executive officer now directly owns 844,901 shares of the company’s stock, valued at $71,613,808.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.21% of the company’s stock.

NYSE PM opened at $84.49 on Friday. Philip Morris International Inc. has a 1-year low of $64.67 and a 1-year high of $94.26. The firm has a market capitalization of $131.45 billion, a PE ratio of 16.57, a P/E/G ratio of 2.23 and a beta of 0.95.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, April 18th. The company reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.10. Philip Morris International had a net margin of 9.74% and a negative return on equity of 78.74%. The business had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $6.76 billion. During the same period in the prior year, the business posted $1.00 earnings per share. Philip Morris International’s revenue for the quarter was down 2.1% compared to the same quarter last year. Research analysts predict that Philip Morris International Inc. will post 5.09 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Tuesday, March 26th were paid a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a dividend yield of 5.40%. The ex-dividend date was Monday, March 25th. Philip Morris International’s dividend payout ratio (DPR) is presently 89.41%.

Several brokerages have issued reports on PM. Morgan Stanley boosted their target price on shares of Philip Morris International from $88.00 to $94.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Zacks Investment Research downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. ValuEngine downgraded shares of Philip Morris International from a “hold” rating to a “sell” rating in a research note on Tuesday, April 9th. Bank of America reissued a “sell” rating and set a $74.00 target price on shares of Philip Morris International in a research note on Tuesday, March 26th. Finally, Citigroup boosted their target price on shares of Philip Morris International from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Monday, March 25th. Three analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $92.43.

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Philip Morris International Profile

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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