Oregon Public Employees Retirement Fund Purchases 43,420 Shares of Philip Morris International Inc. $PM

Oregon Public Employees Retirement Fund raised its position in Philip Morris International Inc. (NYSE:PM) by 32.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 177,916 shares of the company’s stock after purchasing an additional 43,420 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Philip Morris International were worth $28,858,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC raised its stake in shares of Philip Morris International by 31.1% in the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock valued at $1,027,000 after buying an additional 2,023 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in shares of Philip Morris International by 4.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock valued at $252,000 after acquiring an additional 91 shares in the last quarter. Woodline Partners LP increased its stake in Philip Morris International by 40.7% in the first quarter. Woodline Partners LP now owns 131,362 shares of the company’s stock valued at $20,851,000 after acquiring an additional 37,988 shares during the period. SCS Capital Management LLC bought a new stake in Philip Morris International in the first quarter valued at about $822,000. Finally, Integrity Alliance LLC. acquired a new position in Philip Morris International in the first quarter worth about $759,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Trading Up 2.3%

PM opened at $158.76 on Friday. Philip Morris International Inc. has a 1-year low of $116.12 and a 1-year high of $186.69. The stock has a market capitalization of $247.13 billion, a PE ratio of 28.76, a PEG ratio of 1.67 and a beta of 0.40. The firm has a 50-day moving average price of $155.27 and a two-hundred day moving average price of $162.44.

Philip Morris International (NYSE:PM) last announced its earnings results on Tuesday, March 28th. The company reported $1.59 earnings per share (EPS) for the quarter. The company had revenue of $8.12 billion for the quarter. Philip Morris International had a net margin of 9.33% and a negative return on equity of 122.14%. On average, research analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Friday, December 26th will be paid a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is 106.52%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on PM shares. Wall Street Zen raised Philip Morris International from a “hold” rating to a “buy” rating in a report on Monday, November 17th. Stifel Nicolaus set a $180.00 price target on Philip Morris International in a research note on Tuesday, October 21st. Morgan Stanley set a $175.00 price target on Philip Morris International and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, October 8th. Finally, Barclays reduced their target price on shares of Philip Morris International from $220.00 to $180.00 and set an “overweight” rating on the stock in a research note on Monday, November 17th. Twelve research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Philip Morris International currently has an average rating of “Moderate Buy” and an average target price of $189.00.

Philip Morris International Profile

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.