Taikang Asset Management Hong Kong Co Ltd Has $10.90 Million Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Taikang Asset Management Hong Kong Co Ltd lifted its position in Philip Morris International Inc. (NYSE:PM) by 134.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 90,600 shares of the company’s stock after buying an additional 51,900 shares during the quarter. Philip Morris International comprises approximately 1.6% of Taikang Asset Management Hong Kong Co Ltd’s holdings, making the stock its 14th largest position. Taikang Asset Management Hong Kong Co Ltd’s holdings in Philip Morris International were worth $10,904,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PM. CoreFirst Bank & Trust bought a new stake in Philip Morris International during the 4th quarter valued at approximately $628,000. Congress Wealth Management LLC DE lifted its holdings in shares of Philip Morris International by 16.0% during the fourth quarter. Congress Wealth Management LLC DE now owns 11,875 shares of the company’s stock worth $1,429,000 after buying an additional 1,642 shares during the last quarter. Twin City Private Wealth LLC lifted its holdings in shares of Philip Morris International by 8.6% during the fourth quarter. Twin City Private Wealth LLC now owns 24,927 shares of the company’s stock worth $3,033,000 after buying an additional 1,971 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Philip Morris International by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 139,432,392 shares of the company’s stock valued at $16,780,688,000 after acquiring an additional 1,167,810 shares during the period. Finally, Meridian Wealth Partners LLC grew its stake in shares of Philip Morris International by 4.1% in the fourth quarter. Meridian Wealth Partners LLC now owns 1,781 shares of the company’s stock worth $214,000 after acquiring an additional 70 shares during the last quarter. 78.63% of the stock is owned by institutional investors.

Philip Morris International Stock Up 0.1 %

Philip Morris International stock opened at $151.66 on Tuesday. The stock has a market cap of $235.81 billion, a price-to-earnings ratio of 33.63, a P/E/G ratio of 2.65 and a beta of 0.53. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $159.51. The business’s 50-day simple moving average is $143.06 and its 200 day simple moving average is $131.40.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.49 by $0.06. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. As a group, sell-side analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th will be paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date of this dividend is Thursday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is currently 119.73%.

Analysts Set New Price Targets

Several research firms recently commented on PM. JPMorgan Chase & Co. upped their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Barclays boosted their price target on Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Argus raised Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, March 14th. UBS Group upped their target price on Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a research note on Friday, February 7th. Finally, StockNews.com lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Philip Morris International has a consensus rating of “Moderate Buy” and a consensus price target of $144.56.

Insider Transactions at Philip Morris International

In other Philip Morris International news, insider Lars Dahlgren sold 3,679 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $152.96, for a total value of $562,739.84. Following the transaction, the insider now owns 26,828 shares of the company’s stock, valued at approximately $4,103,610.88. This represents a 12.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Andre Calantzopoulos sold 40,643 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $149.06, for a total value of $6,058,245.58. Following the transaction, the chairman now owns 561,349 shares of the company’s stock, valued at $83,674,681.94. The trade was a 6.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 131,822 shares of company stock worth $19,655,585 in the last three months. Insiders own 0.13% of the company’s stock.

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.