WINTON GROUP Ltd Increases Position in Philip Morris International Inc. $PM

WINTON GROUP Ltd grew its position in shares of Philip Morris International Inc. (NYSE:PM) by 215.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,688 shares of the company’s stock after purchasing an additional 10,027 shares during the period. WINTON GROUP Ltd’s holdings in Philip Morris International were worth $2,675,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of PM. Legacy Investment Solutions LLC acquired a new position in Philip Morris International during the 2nd quarter worth about $25,000. Traub Capital Management LLC acquired a new position in Philip Morris International in the 2nd quarter valued at about $25,000. Abound Wealth Management increased its stake in Philip Morris International by 566.7% during the second quarter. Abound Wealth Management now owns 160 shares of the company’s stock worth $29,000 after purchasing an additional 136 shares during the period. Estabrook Capital Management acquired a new stake in shares of Philip Morris International during the second quarter worth about $30,000. Finally, Briaud Financial Planning Inc boosted its stake in shares of Philip Morris International by 266.7% in the second quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock valued at $30,000 after purchasing an additional 120 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. UBS Group cut their target price on shares of Philip Morris International from $177.00 to $166.00 and set a “neutral” rating on the stock in a research note on Friday, September 5th. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, October 8th. Morgan Stanley set a $175.00 target price on Philip Morris International and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Citigroup reissued a “buy” rating on shares of Philip Morris International in a research note on Thursday, September 4th. Finally, JPMorgan Chase & Co. reduced their price target on Philip Morris International from $190.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. Twelve equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $189.00.

Philip Morris International Price Performance

Shares of NYSE PM opened at $148.46 on Tuesday. The business has a 50-day moving average of $154.21 and a two-hundred day moving average of $165.94. The company has a market capitalization of $231.11 billion, a price-to-earnings ratio of 26.90, a price-to-earnings-growth ratio of 1.76 and a beta of 0.42. Philip Morris International Inc. has a 1 year low of $116.12 and a 1 year high of $186.69.

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

Philip Morris International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 20th. Shareholders of record on Friday, October 3rd were issued a dividend of $1.47 per share. The ex-dividend date of this dividend was Friday, October 3rd. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.35. This represents a $5.88 annualized dividend and a dividend yield of 4.0%. Philip Morris International’s dividend payout ratio is 106.52%.

Philip Morris International Profile

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.