Holocene Advisors LP Buys 833,380 Shares of Philip Morris International Inc. $PM

Holocene Advisors LP increased its stake in Philip Morris International Inc. (NYSE:PM) by 270.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,141,371 shares of the company’s stock after buying an additional 833,380 shares during the quarter. Holocene Advisors LP owned about 0.07% of Philip Morris International worth $207,878,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of PM. Legacy Investment Solutions LLC purchased a new position in shares of Philip Morris International during the 2nd quarter worth about $25,000. Traub Capital Management LLC bought a new stake in Philip Morris International in the second quarter worth about $25,000. Abound Wealth Management boosted its holdings in Philip Morris International by 566.7% during the 2nd quarter. Abound Wealth Management now owns 160 shares of the company’s stock valued at $29,000 after acquiring an additional 136 shares during the period. Kelly Lawrence W & Associates Inc. CA purchased a new stake in shares of Philip Morris International during the first quarter valued at $30,000. Finally, Briaud Financial Planning Inc increased its stake in Philip Morris International by 266.7% in the 2nd quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock worth $30,000 after buying an additional 120 shares during the period. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Up 1.7%

PM opened at $153.49 on Friday. The firm has a market cap of $238.93 billion, a price-to-earnings ratio of 27.81, a PEG ratio of 1.80 and a beta of 0.42. The stock has a fifty day moving average price of $153.62 and a 200-day moving average price of $165.35. Philip Morris International Inc. has a 12 month low of $116.12 and a 12 month high of $186.69.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Tuesday, March 28th. The company reported $1.59 earnings per share for the quarter. The business 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, equities research analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Friday, December 26th will be given a dividend of $1.47 per share. The ex-dividend date of this dividend is Friday, December 26th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.8%. Philip Morris International’s dividend payout ratio is presently 106.52%.

Wall Street Analysts Forecast Growth

PM has been the subject of several research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, October 8th. Citigroup reiterated a “buy” rating on shares of Philip Morris International in a report on Thursday, September 4th. Barclays reduced their price objective on Philip Morris International from $220.00 to $180.00 and set an “overweight” rating on the stock in a report on Monday, November 17th. The Goldman Sachs Group restated a “buy” rating on shares of Philip Morris International in a report on Wednesday, October 22nd. Finally, Wall Street Zen upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Monday, November 17th. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $189.00.

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.