Exxonmobil Investment Management Inc. TX Reduces Holdings in Philip Morris International Inc. (PM)

Exxonmobil Investment Management Inc. TX decreased its stake in shares of Philip Morris International Inc. (NYSE:PM) by 12.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 246,957 shares of the company’s stock after selling 36,669 shares during the period. Philip Morris International accounts for about 0.7% of Exxonmobil Investment Management Inc. TX’s holdings, making the stock its 29th largest position. Exxonmobil Investment Management Inc. TX’s holdings in Philip Morris International were worth $26,091,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Philip Morris International by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 111,475,174 shares of the company’s stock valued at $13,092,759,000 after buying an additional 2,972,929 shares during the last quarter. Flossbach Von Storch AG grew its holdings in Philip Morris International by 539.3% in the 3rd quarter. Flossbach Von Storch AG now owns 3,491,075 shares of the company’s stock valued at $387,544,000 after buying an additional 2,945,025 shares during the last quarter. BlackRock Inc. grew its holdings in Philip Morris International by 2.7% in the 2nd quarter. BlackRock Inc. now owns 91,796,829 shares of the company’s stock valued at $10,781,538,000 after buying an additional 2,421,533 shares during the last quarter. FMR LLC grew its holdings in Philip Morris International by 12.5% in the 2nd quarter. FMR LLC now owns 20,919,201 shares of the company’s stock valued at $2,456,960,000 after buying an additional 2,330,864 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in Philip Morris International by 57.8% in the 2nd quarter. Alliancebernstein L.P. now owns 5,840,773 shares of the company’s stock valued at $685,999,000 after buying an additional 2,139,002 shares during the last quarter. 72.38% of the stock is currently owned by institutional investors and hedge funds.

Shares of Philip Morris International Inc. (PM) opened at $98.88 on Thursday. The company has a quick ratio of 0.68, a current ratio of 1.13 and a debt-to-equity ratio of -2.91. Philip Morris International Inc. has a 52-week low of $96.66 and a 52-week high of $123.55. The company has a market capitalization of $153,580.00, a P/E ratio of 21.83, a price-to-earnings-growth ratio of 1.93 and a beta of 0.85.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 11th. Shareholders of record on Thursday, December 21st were given a $1.07 dividend. The ex-dividend date was Wednesday, December 20th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.33%. Philip Morris International’s dividend payout ratio is currently 94.48%.

PM has been the topic of a number of research analyst reports. Zacks Investment Research raised Philip Morris International from a “sell” rating to a “hold” rating in a report on Monday, October 30th. Jefferies Group raised Philip Morris International from a “hold” rating to a “buy” rating and set a $124.00 target price on the stock in a report on Friday, January 19th. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $135.00 target price (down previously from $140.00) on shares of Philip Morris International in a report on Wednesday, November 15th. Piper Jaffray Companies set a $130.00 target price on Philip Morris International and gave the company a “buy” rating in a report on Thursday, November 16th. Finally, Bank of America lowered their target price on Philip Morris International from $124.00 to $121.00 and set a “neutral” rating on the stock in a report on Friday, October 20th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $125.14.

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Philip Morris International 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.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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