Blue Capital Inc. Invests $2.63 Million in Philip Morris International Inc. $PM

Blue Capital Inc. bought a new stake in Philip Morris International Inc. (NYSE:PM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 14,418 shares of the company’s stock, valued at approximately $2,626,000. Philip Morris International accounts for approximately 1.9% of Blue Capital Inc.’s portfolio, making the stock its 15th biggest position.

A number of other large investors have also recently bought and sold shares of the business. Legacy Investment Solutions LLC acquired a new stake in shares of Philip Morris International during the second quarter worth about $25,000. Traub Capital Management LLC purchased a new stake in Philip Morris International during the 2nd quarter valued at approximately $25,000. Abound Wealth Management raised its stake 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 last quarter. Estabrook Capital Management acquired a new stake in Philip Morris International during the 2nd quarter worth approximately $30,000. Finally, Briaud Financial Planning Inc grew its stake in shares of Philip Morris International by 266.7% in the 2nd 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 last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

PM has been the subject of several analyst reports. Citigroup restated a “buy” rating on shares of Philip Morris International in a research note on Thursday, September 4th. Barclays cut their price objective on shares of Philip Morris International from $220.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, November 17th. UBS Group lowered 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 report on Friday, September 5th. The Goldman Sachs Group reiterated a “buy” rating on shares of Philip Morris International in a research note on Wednesday, October 22nd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, October 8th. Twelve analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $189.00.

Philip Morris International Trading Up 1.7%

Shares of PM opened at $153.49 on Friday. Philip Morris International Inc. has a twelve month low of $116.12 and a twelve month high of $186.69. The firm has a market capitalization of $238.93 billion, a P/E ratio of 27.81, a PEG ratio of 1.80 and a beta of 0.42. The firm’s 50-day moving average is $153.62 and its two-hundred day moving average is $165.35.

Philip Morris International (NYSE:PM) last announced 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%. Analysts predict that Philip Morris International Inc. will post 7.14 EPS 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. The ex-dividend date of this dividend is Friday, December 26th. This represents a $5.88 annualized dividend and a yield of 3.8%. 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.