Railway Pension Investments Ltd Has $83.38 Million Holdings in Philip Morris International Inc. $PM

Railway Pension Investments Ltd grew its position in Philip Morris International Inc. (NYSE:PM) by 2.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 514,040 shares of the company’s stock after acquiring an additional 14,600 shares during the period. Railway Pension Investments Ltd’s holdings in Philip Morris International were worth $83,377,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of PM. Legacy Investment Solutions LLC bought a new position in shares of Philip Morris International in the second quarter valued at about $25,000. Traub Capital Management LLC bought a new position in shares of Philip Morris International in the second quarter valued at $25,000. Abound Wealth Management lifted its position in shares of Philip Morris International by 566.7% in the second 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 last quarter. Briaud Financial Planning Inc grew its holdings in 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 buying an additional 120 shares in the last quarter. Finally, Estabrook Capital Management bought a new position in shares of Philip Morris International in the second quarter worth $30,000. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Price Performance

Philip Morris International stock opened at $160.14 on Monday. The business has a 50 day moving average of $154.59 and a 200-day moving average of $162.87. The company has a market capitalization of $249.28 billion, a P/E ratio of 29.01, a P/E/G ratio of 1.72 and a beta of 0.40. Philip Morris International Inc. has a 1 year low of $116.12 and a 1 year high of $186.69.

Philip Morris International (NYSE:PM) last posted its earnings results on Tuesday, March 28th. The company reported $1.59 earnings per share for the quarter. The firm 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%. Equities analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Friday, December 26th. This represents a $5.88 annualized dividend and a dividend yield of 3.7%. Philip Morris International’s payout ratio is currently 106.52%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PM. The Goldman Sachs Group reissued a “buy” rating on shares of Philip Morris International in a report on Wednesday, October 22nd. Morgan Stanley set a $175.00 target price on Philip Morris International and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Wall Street Zen raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Monday, November 17th. Stifel Nicolaus set a $180.00 price target on shares of Philip Morris International in a report on Tuesday, October 21st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, October 8th. Twelve research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $189.00.

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.