Deutsche Bank AG boosted its position in shares of Philip Morris International Inc. (NYSE:PM) by 50.5% in the fourth quarter, Holdings Channel reports. The fund owned 11,054,233 shares of the company’s stock after acquiring an additional 3,710,763 shares during the period. Deutsche Bank AG’s holdings in Philip Morris International were worth $737,970,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in PM. Vanguard Group Inc. raised its position in shares of Philip Morris International by 1.3% during the third quarter. Vanguard Group Inc. now owns 118,890,424 shares of the company’s stock valued at $9,694,325,000 after buying an additional 1,516,211 shares during the last quarter. Vanguard Group Inc raised its position in shares of Philip Morris International by 1.3% during the third quarter. Vanguard Group Inc now owns 118,890,424 shares of the company’s stock valued at $9,694,325,000 after buying an additional 1,516,211 shares during the last quarter. BlackRock Inc. raised its position in shares of Philip Morris International by 5.1% during the fourth quarter. BlackRock Inc. now owns 95,049,723 shares of the company’s stock valued at $6,345,520,000 after buying an additional 4,576,645 shares during the last quarter. Morgan Stanley increased its stake in Philip Morris International by 5.0% in the third quarter. Morgan Stanley now owns 23,865,004 shares of the company’s stock valued at $1,945,952,000 after acquiring an additional 1,126,960 shares during the period. Finally, Geode Capital Management LLC increased its stake in Philip Morris International by 7.4% in 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 acquiring an additional 1,298,116 shares during the period. 73.53% of the stock is owned by hedge funds and other institutional investors.

Shares of Philip Morris International stock opened at $86.19 on Tuesday. The stock has a market cap of $133.04 billion, a price-to-earnings ratio of 16.90, a PEG ratio of 1.89 and a beta of 0.95. Philip Morris International Inc. has a 1-year low of $64.67 and a 1-year high of $103.55.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, February 7th. The company reported $1.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.09. The firm had revenue of $7.50 billion for the quarter, compared to analysts’ expectations of $7.46 billion. Philip Morris International had a net margin of 9.90% and a negative return on equity of 76.82%. The company’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.32 earnings per share. On average, sell-side analysts predict that Philip Morris International Inc. will post 5.33 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Tuesday, March 26th were paid a dividend of $1.14 per share. The ex-dividend date of this dividend was Monday, March 25th. This represents a $4.56 annualized dividend and a yield of 5.29%. Philip Morris International’s dividend payout ratio is 89.41%.

A number of analysts recently weighed in on PM shares. Credit Suisse Group cut shares of Philip Morris International from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $92.00 to $74.00 in a research note on Tuesday, December 18th. Piper Jaffray Companies reissued an “overweight” rating and issued a $110.00 target price (down previously from $111.25) on shares of Philip Morris International in a research note on Friday, December 28th. ValuEngine cut shares of Philip Morris International from a “hold” rating to a “sell” rating in a research note on Monday, December 31st. Morgan Stanley lowered their target price on shares of Philip Morris International from $102.00 to $80.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 8th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $80.00 target price on shares of Philip Morris International in a research note on Sunday, February 10th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the stock. Philip Morris International presently has a consensus rating of “Hold” and an average target price of $92.43.

In other Philip Morris International news, CEO Andre Calantzopoulos sold 50,000 shares of the company’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $84.76, for a total transaction of $4,238,000.00. Following the sale, the chief executive officer now directly owns 844,901 shares of the company’s stock, valued at $71,613,808.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.21% of the stock is currently owned by corporate insiders.

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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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