WINTON GROUP Ltd grew its position in shares of Philip Morris International Inc. (NYSE:PM – Free Report) by 60.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,544 shares of the company’s stock after purchasing an additional 8,856 shares during the quarter. WINTON GROUP Ltd’s holdings in Philip Morris International were worth $3,819,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Traub Capital Management LLC acquired a new stake in shares of Philip Morris International in the 2nd quarter valued at about $25,000. Marquette Asset Management LLC grew its stake 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 buying an additional 151 shares during the last quarter. Dogwood Wealth Management LLC increased its position in Philip Morris International by 96.5% during the third quarter. Dogwood Wealth Management LLC now owns 167 shares of the company’s stock worth $27,000 after buying an additional 82 shares during the period. Estabrook Capital Management purchased a new stake in Philip Morris International in the second quarter valued at approximately $30,000. Finally, Anfield Capital Management LLC lifted its stake in Philip Morris International by 185.5% in the second quarter. Anfield Capital Management LLC now owns 197 shares of the company’s stock valued at $36,000 after buying an additional 128 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.
Philip Morris International Price Performance
Philip Morris International stock opened at $173.07 on Tuesday. The business has a 50 day simple moving average of $175.37 and a 200-day simple moving average of $164.01. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $191.30. The stock has a market capitalization of $269.42 billion, a PE ratio of 23.81, a price-to-earnings-growth ratio of 1.94 and a beta of 0.38.
Philip Morris International Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Thursday, March 19th will be paid a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Thursday, March 19th. Philip Morris International’s payout ratio is 80.88%.
Analyst Ratings Changes
A number of equities analysts have recently commented on the stock. UBS Group reaffirmed a “neutral” rating and issued a $181.50 target price on shares of Philip Morris International in a report on Monday, February 9th. Needham & Company LLC increased their price target on shares of Philip Morris International from $190.00 to $205.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Citigroup raised their price objective on shares of Philip Morris International from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research note on Thursday, January 22nd. Finally, Barclays reaffirmed an “overweight” rating and issued a $205.00 target price on shares of Philip Morris International in a report on Monday, February 23rd. Eleven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $196.83.
View Our Latest Analysis on PM
Insider Transactions at Philip Morris International
In other Philip Morris International news, CFO Emmanuel Babeau sold 33,800 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $181.61, for a total value of $6,138,418.00. Following the sale, the chief financial officer owned 164,463 shares of the company’s stock, valued at approximately $29,868,125.43. The trade was a 17.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jacek Olczak sold 80,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $182.18, for a total value of $14,574,400.00. Following the completion of the sale, the chief executive officer directly owned 632,344 shares in the company, valued at $115,200,429.92. This represents a 11.23% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.13% of the company’s stock.
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.
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