Railway Pension Investments Ltd Decreases Stake in Philip Morris International Inc. $PM

Railway Pension Investments Ltd lessened its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 2.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 499,440 shares of the company’s stock after selling 11,400 shares during the period. Philip Morris International makes up approximately 1.3% of Railway Pension Investments Ltd’s portfolio, making the stock its 23rd biggest holding. Railway Pension Investments Ltd’s holdings in Philip Morris International were worth $90,963,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PM. Vanguard Group Inc. increased its holdings in shares of Philip Morris International by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 142,857,055 shares of the company’s stock valued at $26,018,555,000 after purchasing an additional 2,235,380 shares in the last quarter. Geode Capital Management LLC increased its holdings in Philip Morris International by 1.8% in the second quarter. Geode Capital Management LLC now owns 37,181,107 shares of the company’s stock valued at $6,760,346,000 after buying an additional 672,983 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Philip Morris International by 26.4% during the 1st quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company’s stock valued at $3,466,730,000 after acquiring an additional 4,563,632 shares during the period. WCM Investment Management LLC boosted its stake in shares of Philip Morris International by 24,968.0% during the 2nd quarter. WCM Investment Management LLC now owns 11,275,606 shares of the company’s stock worth $2,041,223,000 after acquiring an additional 11,230,626 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Philip Morris International in the 1st quarter worth approximately $1,712,994,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Price Performance

Shares of NYSE PM opened at $157.25 on Friday. Philip Morris International Inc. has a 1-year low of $116.12 and a 1-year high of $186.69. The company has a market capitalization of $244.78 billion, a price-to-earnings ratio of 28.49, a PEG ratio of 1.86 and a beta of 0.43. The business has a 50-day moving average of $155.69 and a 200-day moving average of $166.83.

Philip Morris International (NYSE:PM) last announced its earnings results on Tuesday, March 28th. The company reported $1.59 EPS for the quarter. The business 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%. Research analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 20th. Investors of record on Friday, October 3rd were issued a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Friday, October 3rd. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.35. Philip Morris International’s dividend payout ratio (DPR) is 106.52%.

Analysts Set New Price Targets

Several analysts have weighed in on PM shares. JPMorgan Chase & Co. lowered their target price on Philip Morris International from $190.00 to $185.00 and set an “overweight” rating on the stock in a report on Wednesday. Citigroup reiterated a “buy” rating on shares of Philip Morris International in a research report on Thursday, September 4th. Stifel Nicolaus set a $180.00 target price on shares of Philip Morris International in a research report on Tuesday, October 21st. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Philip Morris International in a report on Wednesday, October 22nd. Finally, Wall Street Zen raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research note on Monday, November 17th. Twelve investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Philip Morris International has an average rating of “Moderate Buy” and an average price target of $189.00.

Philip Morris International 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.