Sompo Japan Nipponkoa Asset Management CO. LTD. Grows Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Sompo Japan Nipponkoa Asset Management CO. LTD. raised its stake in Philip Morris International Inc. (NYSE:PM) by 5.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 28,430 shares of the company’s stock after buying an additional 1,420 shares during the period. Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings in Philip Morris International were worth $2,074,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in PM. BlackRock Inc. lifted its position in shares of Philip Morris International by 2.3% in the 1st quarter. BlackRock Inc. now owns 96,880,168 shares of the company’s stock worth $7,068,378,000 after purchasing an additional 2,144,926 shares during the period. Capital World Investors lifted its stake in shares of Philip Morris International by 25.6% in the fourth quarter. Capital World Investors now owns 73,389,553 shares of the company’s stock worth $6,244,717,000 after buying an additional 14,952,837 shares in the last quarter. Capital Research Global Investors lifted its stake in shares of Philip Morris International by 2.0% in the fourth quarter. Capital Research Global Investors now owns 39,525,390 shares of the company’s stock worth $3,363,216,000 after buying an additional 793,836 shares in the last quarter. Capital International Investors lifted its stake in shares of Philip Morris International by 2.5% in the fourth quarter. Capital International Investors now owns 36,680,609 shares of the company’s stock worth $3,121,153,000 after buying an additional 879,917 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Philip Morris International by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 25,787,931 shares of the company’s stock worth $2,190,636,000 after buying an additional 722,472 shares in the last quarter. 74.02% of the stock is owned by institutional investors.

In related news, insider Marc S. Firestone sold 22,000 shares of Philip Morris International stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $86.27, for a total value of $1,897,940.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.22% of the company’s stock.

Shares of PM stock traded down $0.05 during trading on Friday, reaching $70.45. The company’s stock had a trading volume of 2,546,855 shares, compared to its average volume of 5,332,155. The company has a market capitalization of $109.78 billion, a price-to-earnings ratio of 14.32, a P/E/G ratio of 2.15 and a beta of 0.79. The stock’s 50-day moving average price is $73.12 and its 200 day moving average price is $80.74. Philip Morris International Inc. has a 1-year low of $56.01 and a 1-year high of $90.17.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Tuesday, April 21st. The company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.08. The firm had revenue of $7.15 billion during the quarter, compared to analysts’ expectations of $6.87 billion. Philip Morris International had a net margin of 9.75% and a negative return on equity of 84.38%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.09 earnings per share. Sell-side analysts anticipate that Philip Morris International Inc. will post 4.95 EPS for the current fiscal year.

Several research firms recently issued reports on PM. Morgan Stanley cut their price objective on shares of Philip Morris International from $99.00 to $93.00 and set an “overweight” rating for the company in a research report on Wednesday, March 18th. Cfra raised their price objective on shares of Philip Morris International from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Zacks Investment Research cut shares of Philip Morris International from a “hold” rating to a “sell” rating and set a $74.00 price objective for the company. in a research report on Wednesday, May 13th. Goldman Sachs Group began coverage on shares of Philip Morris International in a research report on Wednesday, April 1st. They set a “buy” rating and a $80.00 price objective for the company. Finally, Panmure Gordon upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research report on Friday, April 3rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $91.14.

About Philip Morris International

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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