Tokio Marine Asset Management Co. Ltd. Has $331,000 Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Tokio Marine Asset Management Co. Ltd. lifted its holdings in Philip Morris International Inc. (NYSE:PM) by 11.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,214 shares of the company’s stock after buying an additional 421 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Philip Morris International were worth $331,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of PM. Deutsche Bank AG boosted its position in shares of Philip Morris International by 50.5% in the fourth quarter. Deutsche Bank AG now owns 11,054,233 shares of the company’s stock worth $737,970,000 after buying an additional 3,710,763 shares during the period. Millennium Management LLC boosted its position in Philip Morris International by 355.6% during the fourth quarter. Millennium Management LLC now owns 2,076,386 shares of the company’s stock valued at $138,620,000 after purchasing an additional 1,620,613 shares during the last quarter. Geode Capital Management LLC boosted its position in Philip Morris International by 7.4% during the fourth quarter. Geode Capital Management LLC now owns 18,724,587 shares of the company’s stock valued at $1,247,824,000 after purchasing an additional 1,298,116 shares during the last quarter. CI Investments Inc. boosted its position in Philip Morris International by 369.0% during the fourth quarter. CI Investments Inc. now owns 1,404,320 shares of the company’s stock valued at $93,753,000 after purchasing an additional 1,104,866 shares during the last quarter. Finally, Ellis Investment Partners LLC boosted its position in Philip Morris International by 8,799.3% during the first quarter. Ellis Investment Partners LLC now owns 690,054 shares of the company’s stock valued at $690,000 after purchasing an additional 682,300 shares during the last quarter. 73.48% of the stock is owned by institutional investors and hedge funds.

NYSE PM traded up $0.79 during trading on Tuesday, hitting $81.05. 224,794 shares of the company traded hands, compared to its average volume of 5,060,542. Philip Morris International Inc. has a 12 month low of $64.67 and a 12 month high of $92.74. The business’s fifty day simple moving average is $81.80. The company has a market cap of $126.32 billion, a P/E ratio of 15.90, a P/E/G ratio of 2.06 and a beta of 0.96.

Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, July 18th. The company reported $1.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.13. Philip Morris International had a negative return on equity of 80.96% and a net margin of 10.03%. The company had revenue of $7.70 billion for the quarter, compared to analyst estimates of $7.42 billion. During the same period last year, the company earned $1.41 earnings per share. The business’s revenue was down .3% compared to the same quarter last year. Research analysts predict that Philip Morris International Inc. will post 5.21 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Friday, June 21st were issued a dividend of $1.14 per share. The ex-dividend date was Thursday, June 20th. This represents a $4.56 annualized dividend and a yield of 5.63%. Philip Morris International’s dividend payout ratio (DPR) is currently 89.41%.

A number of analysts recently issued reports on the company. Wells Fargo & Co set a $102.00 price objective on Philip Morris International and gave the company a “buy” rating in a research report on Friday, July 19th. Barclays raised Philip Morris International from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $82.00 to $100.00 in a research report on Friday, July 19th. Zacks Investment Research raised Philip Morris International from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd. Morgan Stanley reduced their price objective on Philip Morris International from $94.00 to $86.00 and set an “overweight” rating for the company in a research report on Friday, July 12th. Finally, Bank of America raised Philip Morris International from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $81.00 to $94.00 in a research report on Friday, May 17th. Two analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. Philip Morris International has an average rating of “Hold” and a consensus price target of $93.92.

In other Philip Morris International news, VP Michael R. Kunst acquired 500 shares of the company’s stock in a transaction dated Wednesday, May 29th. The shares were acquired at an average cost of $80.74 per share, for a total transaction of $40,370.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mario Masseroli sold 1,100 shares of Philip Morris International stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $87.42, for a total value of $96,162.00. The disclosure for this sale can be found here. Insiders own 0.21% of the company’s stock.

Philip Morris International Company 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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