Robeco Institutional Asset Management B.V. Has $30.39 Million Position in Philip Morris International Inc. (NYSE:PM)

Robeco Institutional Asset Management B.V. boosted its position in shares of Philip Morris International Inc. (NYSE:PM) by 264.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 252,550 shares of the company’s stock after buying an additional 183,344 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Philip Morris International were worth $30,394,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. 49 Wealth Management LLC boosted its stake in shares of Philip Morris International by 3.6% in the third quarter. 49 Wealth Management LLC now owns 2,432 shares of the company’s stock valued at $295,000 after buying an additional 84 shares during the period. Woodmont Investment Counsel LLC raised its holdings in Philip Morris International by 1.6% in the 3rd quarter. Woodmont Investment Counsel LLC now owns 5,452 shares of the company’s stock valued at $662,000 after acquiring an additional 86 shares in the last quarter. YHB Investment Advisors Inc. lifted its position in shares of Philip Morris International by 4.2% during the 3rd quarter. YHB Investment Advisors Inc. now owns 2,158 shares of the company’s stock valued at $262,000 after acquiring an additional 87 shares during the period. Cypress Wealth Services LLC grew its holdings in shares of Philip Morris International by 1.3% during the 3rd quarter. Cypress Wealth Services LLC now owns 6,748 shares of the company’s stock worth $819,000 after purchasing an additional 89 shares in the last quarter. Finally, Luts & Greenleigh Group Inc. grew its holdings in shares of Philip Morris International by 1.1% during the 3rd quarter. Luts & Greenleigh Group Inc. now owns 8,448 shares of the company’s stock worth $1,026,000 after purchasing an additional 89 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Stock Up 0.6 %

Shares of PM opened at $130.32 on Friday. The business has a 50-day simple moving average of $125.24 and a two-hundred day simple moving average of $122.63. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $134.15. The stock has a market cap of $202.63 billion, a PE ratio of 20.69, a PEG ratio of 2.01 and a beta of 0.54.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were issued a $1.35 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a yield of 4.14%. Philip Morris International’s dividend payout ratio (DPR) is presently 85.71%.

Analyst Ratings Changes

Several research firms recently weighed in on PM. Morgan Stanley assumed coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective for the company. Citigroup increased their price target on shares of Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Stifel Nicolaus reissued a “buy” rating and issued a $145.00 price objective (up from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. Barclays cut their target price on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. lifted their price target on Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.35.

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.