TSG Advice Partners LLC Makes New $793,000 Investment in Philip Morris International Inc. $PM

TSG Advice Partners LLC purchased a new stake in Philip Morris International Inc. (NYSE:PM) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 4,381 shares of the company’s stock, valued at approximately $793,000.

Several other large investors have also recently added to or reduced their stakes in PM. BlackRock Inc. lifted its stake in shares of Philip Morris International by 0.4% during the second quarter. BlackRock Inc. now owns 108,039,522 shares of the company’s stock worth $19,545,430,000 after purchasing an additional 444,449 shares in the last quarter. State Street Corp grew its stake in shares of Philip Morris International by 1.0% in the second quarter. State Street Corp now owns 55,569,994 shares of the company’s stock valued at $10,134,454,000 after buying an additional 536,968 shares in the last quarter. GQG Partners LLC acquired a new stake in shares of Philip Morris International in the second quarter valued at about $8,220,008,000. Wellington Management Group LLP raised its holdings in shares of Philip Morris International by 3.9% during the 2nd quarter. Wellington Management Group LLP now owns 17,506,171 shares of the company’s stock valued at $3,167,041,000 after buying an additional 650,587 shares during the period. Finally, Bank of America Corp DE purchased a new stake in shares of Philip Morris International during the 2nd quarter valued at about $3,075,267,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Stock Performance

Shares of Philip Morris International stock opened at $208.34 on Tuesday. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $214.35. The firm’s 50-day simple moving average is $194.61 and its 200-day simple moving average is $182.14. The firm has a market cap of $324.72 billion, a PE ratio of 30.41, a price-to-earnings-growth ratio of 2.72 and a beta of 0.34.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Wednesday, October 21st. The company reported $2.36 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.06. Philip Morris International had a negative return on equity of 183.96% and a net margin of 10.73%. The firm had revenue of $11.44 billion during the quarter, compared to analyst estimates of $11.32 billion. During the same period in the previous year, the company earned $2.24 earnings per share. Philip Morris International’s quarterly revenue was up 5.5% on a year-over-year basis. On average, equities analysts predict that Philip Morris International Inc. will post 8.32 earnings per share for the current year.

Philip Morris International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 26th. Stockholders of record on Friday, October 2nd were given a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Friday, October 2nd. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.47. Philip Morris International’s payout ratio is 93.43%.

Analyst Upgrades and Downgrades

PM has been the topic of several recent research reports. Barclays boosted their price target on Philip Morris International from $205.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Citigroup increased their price objective on shares of Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Needham & Company LLC lifted their price objective on shares of Philip Morris International from $215.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, October 22nd. Argus boosted their target price on shares of Philip Morris International from $210.00 to $220.00 and gave the stock a “buy” rating in a research report on Monday, October 26th. Finally, UBS Group boosted their target price on shares of Philip Morris International from $193.00 to $201.00 and gave the stock a “neutral” rating in a research report on Thursday, October 22nd. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $209.70.

Philip Morris International Company Profile

Philip Morris International Inc (NYSE:PM) is a global tobacco and nicotine company headquartered in Stamford, Connecticut. It was established as an independent company in 2008 following the separation of Philip Morris International from Altria Group. The company develops, manufactures and markets tobacco, nicotine and other related consumer products primarily outside the United States.

Its portfolio includes internationally recognized cigarette brands such as Marlboro, Parliament, L&M, Chesterfield and Bond Street.