Sompo Japan Nipponkoa Asset Management CO. LTD. Buys 1,420 Shares of Philip Morris International Inc. (NYSE:PM)

Sompo Japan Nipponkoa Asset Management CO. LTD. increased its holdings in Philip Morris International Inc. (NYSE:PM) by 5.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,430 shares of the company’s stock after purchasing an additional 1,420 shares during the quarter. Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings in Philip Morris International were worth $2,074,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Capital World Investors increased its position 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 valued at $6,244,717,000 after acquiring an additional 14,952,837 shares during the period. BlackRock Inc. increased its position in shares of Philip Morris International by 2.3% in the first quarter. BlackRock Inc. now owns 96,880,168 shares of the company’s stock valued at $7,068,378,000 after acquiring an additional 2,144,926 shares during the period. Bank of New York Mellon Corp increased its position in shares of Philip Morris International by 9.2% in the first quarter. Bank of New York Mellon Corp now owns 20,035,578 shares of the company’s stock valued at $1,461,795,000 after acquiring an additional 1,681,745 shares during the period. Swiss National Bank increased its position in shares of Philip Morris International by 22.4% in the first quarter. Swiss National Bank now owns 6,262,618 shares of the company’s stock valued at $456,921,000 after acquiring an additional 1,146,200 shares during the period. Finally, Alliancebernstein L.P. increased its position in shares of Philip Morris International by 18.6% in the fourth quarter. Alliancebernstein L.P. now owns 7,184,298 shares of the company’s stock valued at $611,312,000 after acquiring an additional 1,129,097 shares during the period. Institutional investors own 74.02% of the company’s stock.

PM has been the topic of a number of analyst reports. Cfra boosted their price objective on shares of Philip Morris International from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Goldman Sachs Group initiated 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 target on the stock. UBS Group boosted their price target on shares of Philip Morris International from $70.00 to $85.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Morgan Stanley reduced their price target on shares of Philip Morris International from $99.00 to $93.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 18th. Finally, Cowen upgraded shares of Philip Morris International from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $90.00 to $102.00 in a research report on Thursday, February 13th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company. Philip Morris International has a consensus rating of “Buy” and a consensus price target of $91.14.

In other news, insider Marc S. Firestone sold 22,000 shares of the company’s 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 filing with the SEC, which is accessible through this link. Corporate insiders own 0.22% of the company’s stock.

NYSE:PM traded down $0.05 during mid-day trading on Friday, hitting $70.45. 2,546,855 shares of the company’s stock were exchanged, compared to its average volume of 5,332,155. Philip Morris International Inc. has a one year low of $56.01 and a one year high of $90.17. The business has a fifty day moving average price of $73.12 and a 200 day moving average price of $80.74. The company has a market cap of $109.78 billion, a PE ratio of 14.32, a P/E/G ratio of 2.15 and a beta of 0.79.

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

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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