CenterBook Partners LP Decreases Stake in Philip Morris International Inc. $PM

CenterBook Partners LP trimmed its position in Philip Morris International Inc. (NYSE:PM) by 2.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 152,947 shares of the company’s stock after selling 4,119 shares during the period. Philip Morris International accounts for approximately 1.5% of CenterBook Partners LP’s investment portfolio, making the stock its 8th biggest position. CenterBook Partners LP’s holdings in Philip Morris International were worth $27,856,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of PM. Mufg Securities Americas Inc. raised its position in Philip Morris International by 25.3% in the second quarter. Mufg Securities Americas Inc. now owns 34,497 shares of the company’s stock valued at $6,283,000 after purchasing an additional 6,974 shares during the last quarter. Evelyn Partners Investment Management LLP boosted its holdings in Philip Morris International by 5,703.3% in the second quarter. Evelyn Partners Investment Management LLP now owns 6,964 shares of the company’s stock worth $1,268,000 after acquiring an additional 6,844 shares in the last quarter. Evelyn Partners Investment Management Europe Ltd grew its holdings in shares of Philip Morris International by 551.3% during the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 1,270 shares of the company’s stock valued at $231,000 after buying an additional 1,075 shares during the last quarter. AXQ Capital LP purchased a new stake in shares of Philip Morris International in the second quarter worth approximately $557,000. Finally, Journey Strategic Wealth LLC raised its position in Philip Morris International by 27.7% in the 2nd quarter. Journey Strategic Wealth LLC now owns 24,150 shares of the company’s stock valued at $4,399,000 after buying an additional 5,234 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Price Performance

Shares of PM opened at $155.24 on Friday. The firm has a market cap of $241.65 billion, a P/E ratio of 28.12, a P/E/G ratio of 1.83 and a beta of 0.43. Philip Morris International Inc. has a 1 year low of $116.12 and a 1 year high of $186.69. The stock has a 50 day simple moving average of $156.42 and a two-hundred day simple moving average of $167.34.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Tuesday, March 28th. The company reported $1.59 earnings per share (EPS) for the quarter. Philip Morris International had a net margin of 9.33% and a negative return on equity of 122.14%. The company had revenue of $8.12 billion during the quarter. On average, equities analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current 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 given a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 3.8%. The ex-dividend date 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 is 106.52%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Citigroup reissued a “buy” rating on shares of Philip Morris International in a research report on Thursday, September 4th. Wall Street Zen raised Philip Morris International from a “hold” rating to a “buy” rating in a research report on Monday, November 17th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Philip Morris International in a report on Wednesday, October 22nd. KGI Securities initiated coverage on Philip Morris International in a report on Monday, August 4th. They issued an “outperform” rating for the company. Finally, UBS Group cut their price objective on shares of Philip Morris International from $177.00 to $166.00 and set a “neutral” rating for the company in a research report on Friday, September 5th. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $189.56.

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.