First Republic Investment Management Inc. Grows Stock Position in Philip Morris International Inc. (NYSE:PM)

First Republic Investment Management Inc. increased its holdings in shares of Philip Morris International Inc. (NYSE:PMGet Rating) by 5.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 285,639 shares of the company’s stock after buying an additional 13,953 shares during the quarter. First Republic Investment Management Inc.’s holdings in Philip Morris International were worth $23,711,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. GQG Partners LLC raised its holdings in shares of Philip Morris International by 1.6% in the 2nd quarter. GQG Partners LLC now owns 30,443,730 shares of the company’s stock worth $3,006,398,000 after purchasing an additional 476,875 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Philip Morris International by 83.2% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 28,909,466 shares of the company’s stock worth $2,854,521,000 after purchasing an additional 13,126,188 shares during the period. FMR LLC raised its holdings in shares of Philip Morris International by 58.9% in the 2nd quarter. FMR LLC now owns 16,346,683 shares of the company’s stock worth $1,614,071,000 after purchasing an additional 6,060,171 shares during the period. Northern Trust Corp raised its holdings in shares of Philip Morris International by 1.6% in the 2nd quarter. Northern Trust Corp now owns 14,298,439 shares of the company’s stock worth $1,411,829,000 after purchasing an additional 228,706 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Philip Morris International by 1.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 12,728,209 shares of the company’s stock worth $1,195,689,000 after purchasing an additional 147,776 shares during the period. 75.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PM has been the subject of a number of recent research reports. StockNews.com lowered Philip Morris International from a “buy” rating to a “hold” rating in a research note on Thursday, November 24th. Jefferies Financial Group upgraded Philip Morris International from a “hold” rating to a “buy” rating and increased their target price for the company from $86.00 to $118.00 in a research note on Thursday, January 19th. Argus upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $110.00 target price for the company in a research note on Tuesday, November 15th. Stifel Nicolaus lowered their target price on Philip Morris International from $115.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, October 14th. Finally, Morgan Stanley increased their target price on Philip Morris International from $102.00 to $109.00 and gave the company an “overweight” rating in a research note on Wednesday, November 2nd. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $109.36.

Philip Morris International Stock Up 0.1 %

Shares of NYSE PM opened at $101.30 on Wednesday. Philip Morris International Inc. has a fifty-two week low of $82.85 and a fifty-two week high of $112.48. The business has a 50 day moving average price of $100.69 and a two-hundred day moving average price of $95.68. The firm has a market cap of $157.04 billion, a PE ratio of 18.06, a price-to-earnings-growth ratio of 3.44 and a beta of 0.68.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 11th. Shareholders of record on Thursday, December 22nd were paid a dividend of $1.27 per share. The ex-dividend date of this dividend was Wednesday, December 21st. This represents a $5.08 dividend on an annualized basis and a yield of 5.01%. Philip Morris International’s dividend payout ratio (DPR) is presently 90.55%.

Philip Morris International Company Profile

(Get Rating)

Philip Morris International, Inc is a holding company engaged in the manufacturing and sale of cigarettes, tobacco, and nicotine-containing products. Its products include cigarettes and reduced-risk products, including heat-not-burn, vapor, and oral nicotine products, which are sold in markets outside the U.S.

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

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