Cwm LLC Boosts Stock Position in Philip Morris International Inc. $PM

Cwm LLC lifted its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 30.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,764 shares of the company’s stock after buying an additional 30,174 shares during the quarter. Cwm LLC’s holdings in Philip Morris International were worth $21,048,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in PM. Brighton Jones LLC grew its position in shares of Philip Morris International by 31.1% in the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock valued at $1,027,000 after purchasing an additional 2,023 shares during the period. Revolve Wealth Partners LLC lifted its stake in Philip Morris International by 4.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock valued at $252,000 after buying an additional 91 shares in the last quarter. American Century Companies Inc. boosted its holdings in Philip Morris International by 2.2% in the 1st quarter. American Century Companies Inc. now owns 14,748 shares of the company’s stock worth $2,341,000 after buying an additional 323 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new stake in Philip Morris International in the 1st quarter worth about $756,000. Finally, Trexquant Investment LP increased its stake in Philip Morris International by 1,467.8% during the 1st quarter. Trexquant Investment LP now owns 29,082 shares of the company’s stock worth $4,616,000 after buying an additional 27,227 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Ratings Changes

PM has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their price target on 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. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, October 8th. Barclays lowered their target price on shares of Philip Morris International from $220.00 to $180.00 and set an “overweight” rating on the stock 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. Finally, UBS Group decreased their price target on shares of Philip Morris International from $177.00 to $166.00 and set a “neutral” rating on the stock in a research note on Friday, September 5th. Twelve investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $189.00.

Philip Morris International Stock Down 1.0%

Shares of PM opened at $161.06 on Friday. Philip Morris International Inc. has a 52-week low of $116.12 and a 52-week high of $186.69. The stock has a fifty day simple moving average of $154.15 and a two-hundred day simple moving average of $163.80. The company has a market capitalization of $250.72 billion, a PE ratio of 29.18, a price-to-earnings-growth ratio of 1.93 and a beta of 0.42.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Tuesday, March 28th. The company reported $1.59 earnings per share for the quarter. Philip Morris International had a net margin of 9.33% and a negative return on equity of 122.14%. The firm had revenue of $8.12 billion for the quarter. As a group, equities analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Friday, December 26th will be issued a dividend of $1.47 per share. The ex-dividend date is Friday, December 26th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.7%. Philip Morris International’s dividend payout ratio (DPR) is currently 106.52%.

Philip Morris International Company Profile

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.