Dymon Asia Capital Singapore PTE. LTD. Increases Stake in Philip Morris International Inc. $PM

Dymon Asia Capital Singapore PTE. LTD. lifted its position in Philip Morris International Inc. (NYSE:PM) by 300.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,000 shares of the company’s stock after acquiring an additional 9,000 shares during the quarter. Philip Morris International accounts for approximately 0.3% of Dymon Asia Capital Singapore PTE. LTD.’s investment portfolio, making the stock its 13th largest holding. Dymon Asia Capital Singapore PTE. LTD.’s holdings in Philip Morris International were worth $2,186,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Night Squared LP bought a new position in Philip Morris International during the 2nd quarter worth about $5,065,000. AXA S.A. lifted its position in shares of Philip Morris International by 4,401.2% in the 2nd quarter. AXA S.A. now owns 66,392 shares of the company’s stock worth $12,092,000 after purchasing an additional 64,917 shares during the period. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna purchased a new stake in shares of Philip Morris International in the 2nd quarter worth approximately $281,000. Fayez Sarofim & Co boosted its stake in shares of Philip Morris International by 7.9% during the second quarter. Fayez Sarofim & Co now owns 10,676,908 shares of the company’s stock valued at $1,944,585,000 after purchasing an additional 782,536 shares in the last quarter. Finally, State Street Corp increased its holdings in Philip Morris International by 1.6% during the second quarter. State Street Corp now owns 55,831,655 shares of the company’s stock valued at $10,243,429,000 after buying an additional 871,165 shares during the period. 78.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on PM. Morgan Stanley set a $175.00 target price on Philip Morris International and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Wall Street Zen upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research note on Monday, November 17th. Stifel Nicolaus set a $180.00 target price on Philip Morris International in a research note on Tuesday, October 21st. Barclays reduced their target price on shares of Philip Morris International from $220.00 to $180.00 and set an “overweight” rating for the company in a report on Monday, November 17th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Philip Morris International in a report on Wednesday, October 22nd. Twelve analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $189.00.

Philip Morris International Stock Performance

Shares of NYSE PM opened at $150.26 on Wednesday. Philip Morris International Inc. has a fifty-two week low of $116.12 and a fifty-two week high of $186.69. The company has a market cap of $233.91 billion, a PE ratio of 27.22, a P/E/G ratio of 1.77 and a beta of 0.42. The business has a 50-day simple moving average of $153.97 and a two-hundred day simple moving average of $165.74.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Tuesday, March 28th. The company reported $1.59 earnings per share (EPS) for the quarter. The firm 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, sell-side analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 20th. Shareholders of record on Friday, October 3rd were issued a $1.47 dividend. This is an increase from Philip Morris International’s previous quarterly dividend of $1.35. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Friday, October 3rd. Philip Morris International’s dividend payout ratio is 106.52%.

Philip Morris International Company 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.