Philip Morris International Inc. (PM) Shares Bought by Investec Asset Management LTD

Investec Asset Management LTD boosted its stake in Philip Morris International Inc. (NYSE:PM) by 7.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,063,706 shares of the company’s stock after buying an additional 148,056 shares during the period. Investec Asset Management LTD owned 0.13% of Philip Morris International worth $229,092,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of PM. Vanguard Group Inc. increased its stake in shares of Philip Morris International by 2.7% during the second quarter. Vanguard Group Inc. now owns 111,475,174 shares of the company’s stock valued at $13,092,759,000 after purchasing an additional 2,972,929 shares in the last quarter. BlackRock Inc. increased its stake in shares of Philip Morris International by 2.7% during the second quarter. BlackRock Inc. now owns 91,796,829 shares of the company’s stock valued at $10,781,538,000 after purchasing an additional 2,421,533 shares in the last quarter. FMR LLC increased its stake in shares of Philip Morris International by 12.5% during the second quarter. FMR LLC now owns 20,919,201 shares of the company’s stock valued at $2,456,960,000 after purchasing an additional 2,330,864 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Philip Morris International by 2.9% during the second quarter. Legal & General Group Plc now owns 7,422,457 shares of the company’s stock valued at $871,687,000 after purchasing an additional 210,869 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in shares of Philip Morris International by 6.1% during the second quarter. Royal Bank of Canada now owns 6,954,881 shares of the company’s stock valued at $816,852,000 after purchasing an additional 397,015 shares in the last quarter. Institutional investors and hedge funds own 72.35% of the company’s stock.

Shares of Philip Morris International Inc. (NYSE:PM) opened at $108.81 on Tuesday. The firm has a market cap of $169,000.00, a P/E ratio of 24.02, a P/E/G ratio of 1.97 and a beta of 0.89. The company has a current ratio of 1.13, a quick ratio of 0.68 and a debt-to-equity ratio of -2.91. Philip Morris International Inc. has a 1 year low of $94.32 and a 1 year high of $123.55.

The company also recently declared a quarterly dividend, which was paid on Thursday, January 11th. Investors of record on Thursday, December 21st were given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 3.93%. The ex-dividend date was Wednesday, December 20th. Philip Morris International’s dividend payout ratio (DPR) is currently 94.48%.

PM has been the subject of a number of analyst reports. Societe Generale raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday, October 20th. Piper Jaffray Companies reissued a “buy” rating and set a $130.00 price target on shares of Philip Morris International in a research report on Sunday, October 22nd. Goldman Sachs Group started coverage on shares of Philip Morris International in a research report on Monday, October 2nd. They set a “buy” rating for the company. Jefferies Group raised shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $124.00 price target for the company in a research report on Friday. Finally, Zacks Investment Research raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. Philip Morris International presently has a consensus rating of “Buy” and a consensus price target of $125.31.

TRADEMARK VIOLATION NOTICE: This piece of content was published by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this piece of content on another site, it was stolen and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://stocknewstimes.com/2018/01/23/philip-morris-international-inc-pm-shares-bought-by-investec-asset-management-ltd-2.html.

Philip Morris International Company Profile

Philip Morris International Inc is a holding company. The Company is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada.

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.

Latest News

Leave a Reply