Philip Morris International Inc. $PM Shares Acquired by Machina Capital S.A.S.

Machina Capital S.A.S. grew its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 109.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,103 shares of the company’s stock after purchasing an additional 9,480 shares during the period. Machina Capital S.A.S.’s holdings in Philip Morris International were worth $2,936,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC acquired a new position in shares of Philip Morris International during the second quarter valued at about $25,000. Traub Capital Management LLC purchased a new stake in Philip Morris International during the 2nd quarter worth approximately $25,000. Marquette Asset Management LLC grew its position in Philip Morris International by 1,677.8% during the 3rd quarter. Marquette Asset Management LLC now owns 160 shares of the company’s stock worth $26,000 after purchasing an additional 151 shares during the last quarter. Estabrook Capital Management acquired a new position in Philip Morris International during the 2nd quarter valued at approximately $30,000. Finally, Briaud Financial Planning Inc raised its holdings in shares of Philip Morris International by 266.7% in the second quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock worth $30,000 after buying an additional 120 shares during the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Stock Down 1.6%

Shares of PM stock opened at $177.02 on Wednesday. Philip Morris International Inc. has a 52-week low of $129.91 and a 52-week high of $186.69. The stock has a market cap of $275.56 billion, a PE ratio of 32.07, a price-to-earnings-growth ratio of 1.94 and a beta of 0.39. The business has a 50-day simple moving average of $162.50 and a 200-day simple moving average of $161.26.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th were given a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 3.3%. The ex-dividend date was Friday, December 26th. Philip Morris International’s dividend payout ratio is currently 106.52%.

Wall Street Analysts Forecast Growth

PM has been the topic of a number of research analyst reports. Morgan Stanley set a $175.00 price objective on shares of Philip Morris International and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Barclays lowered their price target on 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. Jefferies Financial Group lowered Philip Morris International from a “buy” rating to a “hold” rating and cut their price objective for the company from $220.00 to $180.00 in a report on Tuesday, January 20th. Wall Street Zen cut Philip Morris International from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a report on Thursday, January 22nd. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Philip Morris International presently has a consensus rating of “Moderate Buy” and an average target price of $184.56.

Philip Morris International 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.