Philip Morris International Inc. $PM Shares Bought by Quadrant Capital Group LLC

Quadrant Capital Group LLC boosted its position in shares of Philip Morris International Inc. (NYSE:PM) by 20.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,622 shares of the company’s stock after purchasing an additional 6,285 shares during the period. Quadrant Capital Group LLC’s holdings in Philip Morris International were worth $6,852,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in PM. Brighton Jones LLC raised its position in Philip Morris International by 31.1% in the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock valued at $1,027,000 after purchasing an additional 2,023 shares during the period. Revolve Wealth Partners LLC lifted its position in Philip Morris International by 4.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock valued at $252,000 after buying an additional 91 shares during the last quarter. Capstone Wealth Management Group LLC purchased a new position in Philip Morris International during the first quarter worth about $238,000. N.E.W. Advisory Services LLC increased its position in shares of Philip Morris International by 5.7% during the first quarter. N.E.W. Advisory Services LLC now owns 3,027 shares of the company’s stock valued at $480,000 after acquiring an additional 164 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in Philip Morris International by 39.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 30,101 shares of the company’s stock valued at $4,778,000 after purchasing an additional 8,512 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Stock Performance

Shares of NYSE PM opened at $156.66 on Thursday. The stock’s 50-day simple moving average is $155.90 and its 200-day simple moving average is $166.93. The firm has a market capitalization of $243.87 billion, a PE ratio of 28.38, a price-to-earnings-growth ratio of 1.86 and a beta of 0.43. Philip Morris International Inc. has a fifty-two week low of $116.12 and a fifty-two week high of $186.69.

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

Philip Morris International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 20th. Shareholders of record on Friday, October 3rd were issued a dividend of $1.47 per share. 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. This represents a $5.88 annualized dividend and a dividend yield of 3.8%. Philip Morris International’s dividend payout ratio is 106.52%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on PM shares. The Goldman Sachs Group reiterated a “buy” rating on shares of Philip Morris International in a research note on Wednesday, October 22nd. KGI Securities initiated coverage on shares of Philip Morris International in a research report on Monday, August 4th. They issued an “outperform” rating for the company. Barclays reduced their price objective on Philip Morris International from $220.00 to $180.00 and set an “overweight” rating on the stock in a research note on Monday, November 17th. JPMorgan Chase & Co. lowered their target price on Philip Morris International from $190.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, UBS Group reduced their price target on Philip Morris International from $177.00 to $166.00 and set a “neutral” rating on the stock in a research report on Friday, September 5th. Twelve equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Philip Morris International currently has a consensus 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.