Philip Morris International Inc. $PM Shares Bought by MGO One Seven LLC

MGO One Seven LLC raised its position in Philip Morris International Inc. (NYSE:PM) by 18.2% in the third quarter, Holdings Channel reports. The institutional investor owned 36,085 shares of the company’s stock after purchasing an additional 5,558 shares during the period. MGO One Seven LLC’s holdings in Philip Morris International were worth $5,853,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Corient Private Wealth LLC raised its position in Philip Morris International by 1.2% during the second quarter. Corient Private Wealth LLC now owns 490,590 shares of the company’s stock worth $89,354,000 after acquiring an additional 5,681 shares during the period. Westwood Holdings Group Inc. grew its position in shares of Philip Morris International by 295.8% in the second quarter. Westwood Holdings Group Inc. now owns 67,717 shares of the company’s stock valued at $12,333,000 after purchasing an additional 50,610 shares during the period. Prudential Financial Inc. increased its stake in shares of Philip Morris International by 88.9% during the second quarter. Prudential Financial Inc. now owns 2,138,118 shares of the company’s stock worth $389,415,000 after purchasing an additional 1,006,014 shares in the last quarter. Trek Financial LLC raised its position in shares of Philip Morris International by 732.3% during the 2nd quarter. Trek Financial LLC now owns 42,829 shares of the company’s stock worth $7,801,000 after purchasing an additional 37,683 shares during the last quarter. Finally, Railway Pension Investments Ltd lifted its stake in Philip Morris International by 2.9% in the 3rd quarter. Railway Pension Investments Ltd now owns 514,040 shares of the company’s stock valued at $83,377,000 after buying an additional 14,600 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Barclays cut their price objective on Philip Morris International from $220.00 to $180.00 and set an “overweight” rating for the company in a research note on Monday, November 17th. The Goldman Sachs Group reiterated a “buy” rating on shares of Philip Morris International in a research report on Wednesday, October 22nd. Morgan Stanley set a $175.00 price objective on Philip Morris International and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. lowered their target price on shares of Philip Morris International from $190.00 to $185.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. Finally, Stifel Nicolaus set a $180.00 target price on shares of Philip Morris International in a report on Tuesday, October 21st. Twelve analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $189.00.

Philip Morris International Stock Up 1.6%

Shares of NYSE:PM opened at $165.22 on Tuesday. Philip Morris International Inc. has a 52-week low of $116.12 and a 52-week high of $186.69. The stock has a market cap of $257.19 billion, a P/E ratio of 29.93, a PEG ratio of 1.75 and a beta of 0.40. The business has a fifty day moving average of $156.05 and a two-hundred day moving average of $161.90.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results 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%. On average, equities analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share 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. Shareholders of record on Friday, December 26th will be issued a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, December 26th. Philip Morris International’s payout ratio is presently 106.52%.

About Philip Morris International

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.