Mount Capital Ltd Reduces Stock Position in Philip Morris International Inc. $PM

Mount Capital Ltd cut its position in Philip Morris International Inc. (NYSE:PM) by 9.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,547 shares of the company’s stock after selling 2,453 shares during the period. Philip Morris International makes up 1.3% of Mount Capital Ltd’s holdings, making the stock its 15th largest position. Mount Capital Ltd’s holdings in Philip Morris International were worth $4,106,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Legacy Investment Solutions LLC purchased a new position in Philip Morris International during the 2nd quarter worth approximately $25,000. Traub Capital Management LLC purchased a new stake in shares of Philip Morris International in the 2nd quarter valued at $25,000. Abound Wealth Management increased its stake 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 worth $29,000 after acquiring an additional 136 shares during the period. Kelly Lawrence W & Associates Inc. CA purchased a new position in shares of Philip Morris International during the first quarter worth $30,000. Finally, Briaud Financial Planning Inc lifted its position in Philip Morris International by 266.7% during the second quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock valued at $30,000 after purchasing an additional 120 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Trading Up 0.5%

NYSE PM opened at $157.25 on Friday. The stock has a market capitalization of $244.78 billion, a price-to-earnings ratio of 28.49, a PEG ratio of 1.84 and a beta of 0.43. Philip Morris International Inc. has a twelve month low of $116.12 and a twelve month high of $186.69. The stock has a 50-day moving average of $155.69 and a 200 day moving average of $166.81.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Tuesday, March 28th. The company reported $1.59 EPS for the quarter. The company had revenue of $8.12 billion for the quarter. Philip Morris International had a negative return on equity of 122.14% and a net margin of 9.33%. Equities analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 20th. Investors of record on Friday, October 3rd were issued a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Friday, October 3rd. This is a boost from Philip Morris International’s previous quarterly dividend of $1.35. Philip Morris International’s payout ratio is presently 106.52%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Stifel Nicolaus set a $180.00 price target on Philip Morris International in a research report on Tuesday, October 21st. The Goldman Sachs Group restated a “buy” rating on shares of Philip Morris International in a research note on Wednesday, October 22nd. Barclays reduced 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. KGI Securities started coverage on Philip Morris International in a report on Monday, August 4th. They issued an “outperform” rating for the company. Finally, Weiss Ratings reaffirmed 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 data from MarketBeat, 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 operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.