Adage Capital Partners GP L.L.C. Buys 7,700 Shares of Philip Morris International Inc. $PM

Adage Capital Partners GP L.L.C. increased its position in shares of Philip Morris International Inc. (NYSE:PM) by 0.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,425,654 shares of the company’s stock after buying an additional 7,700 shares during the quarter. Adage Capital Partners GP L.L.C. owned 0.09% of Philip Morris International worth $259,654,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in PM. Legacy Investment Solutions LLC acquired a new position in shares of Philip Morris International in the second quarter valued at $25,000. Traub Capital Management LLC bought a new stake in Philip Morris International in the 2nd quarter valued at $25,000. Abound Wealth Management increased its holdings in Philip Morris International by 566.7% in the 2nd quarter. Abound Wealth Management now owns 160 shares of the company’s stock valued at $29,000 after buying an additional 136 shares during the period. Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of Philip Morris International in the 1st quarter valued at $30,000. Finally, Briaud Financial Planning Inc lifted its holdings in shares of Philip Morris International by 266.7% during the 2nd quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock worth $30,000 after acquiring an additional 120 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Trading Up 1.7%

PM opened at $153.49 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 $238.93 billion, a PE ratio of 27.81, a PEG ratio of 1.80 and a beta of 0.42. The firm has a 50-day moving average price of $153.62 and a two-hundred day moving average price of $165.35.

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

Philip Morris International Dividend Announcement

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 3.8%. The ex-dividend date of this dividend is Friday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is 106.52%.

Analyst Ratings Changes

A number of research firms recently weighed in on PM. Stifel Nicolaus set a $180.00 target price on shares of Philip Morris International in a research note on Tuesday, October 21st. The Goldman Sachs Group reiterated a “buy” rating on shares of Philip Morris International in a research note on Wednesday, October 22nd. UBS Group dropped their target price on Philip Morris International from $177.00 to $166.00 and set a “neutral” rating for the company in a report on Friday, September 5th. Morgan Stanley set a $175.00 price target on Philip Morris International and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, October 8th. Twelve investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.