Ninety One UK Ltd Has $888.05 Million Holdings in Philip Morris International Inc. (NYSE:PM)

Ninety One UK Ltd lowered its position in Philip Morris International Inc. (NYSE:PM) by 0.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,439,269 shares of the company’s stock after selling 45,497 shares during the period. Philip Morris International accounts for about 2.6% of Ninety One UK Ltd’s investment portfolio, making the stock its 8th largest holding. Ninety One UK Ltd’s holdings in Philip Morris International were worth $888,046,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Morgan Stanley grew its stake in shares of Philip Morris International by 1.0% in the 4th quarter. Morgan Stanley now owns 43,512,330 shares of the company’s stock worth $4,403,883,000 after buying an additional 411,358 shares during the last quarter. Wellington Management Group LLP boosted its stake in Philip Morris International by 12.6% during the 3rd quarter. Wellington Management Group LLP now owns 27,821,802 shares of the company’s stock valued at $2,575,742,000 after purchasing an additional 3,121,732 shares during the last quarter. Invesco Ltd. boosted its stake in Philip Morris International by 33.5% during the 3rd quarter. Invesco Ltd. now owns 17,147,790 shares of the company’s stock valued at $1,587,542,000 after purchasing an additional 4,304,089 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Philip Morris International by 1.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 16,050,540 shares of the company’s stock valued at $1,332,355,000 after purchasing an additional 260,832 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC boosted its stake in Philip Morris International by 100,700.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 15,640,144 shares of the company’s stock valued at $1,582,939,000 after purchasing an additional 15,624,628 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Performance

Shares of PM stock traded up $0.18 on Thursday, reaching $90.76. The stock had a trading volume of 1,718,593 shares, compared to its average volume of 5,442,429. The stock has a market cap of $141.09 billion, a P/E ratio of 18.05, a price-to-earnings-growth ratio of 1.87 and a beta of 0.61. Philip Morris International Inc. has a 1 year low of $87.23 and a 1 year high of $101.92. The company has a 50 day simple moving average of $91.07 and a 200 day simple moving average of $92.02.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, February 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.08). Philip Morris International had a negative return on equity of 116.29% and a net margin of 8.53%. The firm had revenue of $9.05 billion during the quarter, compared to analysts’ expectations of $8.99 billion. During the same quarter last year, the business earned $1.39 earnings per share. The business’s quarterly revenue was up 11.0% on a year-over-year basis. On average, equities research analysts anticipate that Philip Morris International Inc. will post 6.37 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 21st were issued a $1.30 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $5.20 dividend on an annualized basis and a yield of 5.73%. Philip Morris International’s dividend payout ratio is currently 103.59%.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Societe Generale upgraded Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 target price on the stock in a research note on Tuesday, February 13th. UBS Group downgraded Philip Morris International from a “buy” rating to a “sell” rating and cut their target price for the company from $105.00 to $86.50 in a research note on Tuesday, January 23rd. Finally, Argus reiterated a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $105.40.

Insider Buying and Selling

In related news, VP Reginaldo Dobrowolski sold 2,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total value of $181,380.00. Following the transaction, the vice president now directly owns 9,726 shares of the company’s stock, valued at approximately $882,050.94. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Philip Morris International news, insider Massimo Andolina sold 8,250 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $93.63, for a total transaction of $772,447.50. Following the sale, the insider now directly owns 94,629 shares of the company’s stock, valued at $8,860,113.27. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Reginaldo Dobrowolski sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total value of $181,380.00. Following the sale, the vice president now directly owns 9,726 shares in the company, valued at $882,050.94. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,250 shares of company stock valued at $1,411,128. 0.13% of the stock is owned by company insiders.

Philip Morris International Profile

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.