Commerzbank Aktiengesellschaft FI Boosts Holdings in Philip Morris International Inc. (NYSE:PM)

Commerzbank Aktiengesellschaft FI boosted its position in Philip Morris International Inc. (NYSE:PM) by 76.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 563,081 shares of the company’s stock after purchasing an additional 243,918 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Philip Morris International were worth $42,755,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Philip Morris International by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 125,492,442 shares of the company’s stock valued at $9,854,922,000 after buying an additional 1,295,745 shares in the last quarter. BlackRock Inc. raised its position in shares of Philip Morris International by 5.1% during the 2nd quarter. BlackRock Inc. now owns 100,831,956 shares of the company’s stock valued at $7,918,335,000 after buying an additional 4,879,296 shares in the last quarter. Morgan Stanley raised its position in shares of Philip Morris International by 16.9% during the 2nd quarter. Morgan Stanley now owns 34,485,714 shares of the company’s stock valued at $2,708,164,000 after buying an additional 4,998,070 shares in the last quarter. Invesco Ltd. raised its position in shares of Philip Morris International by 41.5% during the 2nd quarter. Invesco Ltd. now owns 30,080,523 shares of the company’s stock valued at $2,362,224,000 after buying an additional 8,824,567 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Philip Morris International by 2.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 16,736,970 shares of the company’s stock valued at $1,314,354,000 after buying an additional 358,545 shares in the last quarter. Institutional investors and hedge funds own 74.17% of the company’s stock.

Several research firms have recently weighed in on PM. Barclays upgraded shares of Philip Morris International from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $82.00 to $100.00 in a research report on Friday, July 19th. Wells Fargo & Co set a $102.00 price objective on shares of Philip Morris International and gave the company a “buy” rating in a research report on Monday, August 26th. Citigroup lowered their price objective on shares of Philip Morris International from $110.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday. JPMorgan Chase & Co. set a $86.00 price objective on shares of Philip Morris International and gave the company a “neutral” rating in a research report on Wednesday, August 28th. Finally, Cowen restated a “hold” rating on shares of Philip Morris International in a research report on Thursday, September 12th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. Philip Morris International currently has a consensus rating of “Hold” and a consensus price target of $92.67.

In related news, insider Mario Masseroli sold 1,100 shares of Philip Morris International stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $87.42, for a total value of $96,162.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.21% of the stock is owned by company insiders.

NYSE:PM traded up $0.80 during trading hours on Thursday, reaching $79.90. The company’s stock had a trading volume of 258,249 shares, compared to its average volume of 7,173,819. The firm has a market capitalization of $121.40 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 1.91 and a beta of 1.00. The firm has a 50-day simple moving average of $74.58 and a 200-day simple moving average of $80.82. Philip Morris International Inc. has a 1 year low of $64.67 and a 1 year high of $92.74.

Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, October 17th. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.07. The company had revenue of $7.64 billion for the quarter, compared to analysts’ expectations of $7.65 billion. Philip Morris International had a net margin of 10.03% and a negative return on equity of 80.96%. The firm’s revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.44 EPS. Research analysts expect that Philip Morris International Inc. will post 5.2 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Wednesday, September 25th were given a $1.17 dividend. This represents a $4.68 dividend on an annualized basis and a yield of 5.86%. The ex-dividend date of this dividend was Tuesday, September 24th. This is a boost from Philip Morris International’s previous quarterly dividend of $1.14. Philip Morris International’s dividend payout ratio (DPR) is presently 91.76%.

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.

See Also: High-Yield Dividend Stocks

Want to see what other hedge funds are holding PM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Philip Morris International Inc. (NYSE:PM).

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

Receive News & Ratings for Philip Morris International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International and related companies with MarketBeat.com's FREE daily email newsletter.