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

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

Other institutional investors also recently bought and sold shares of the company. GQG Partners LLC purchased a new stake in shares of Philip Morris International in the 2nd quarter worth about $8,220,008,000. Bank of America Corp DE purchased a new position in Philip Morris International during the 2nd quarter valued at about $3,075,267,000. Legal & General Group Plc acquired a new position in Philip Morris International during the second quarter worth about $1,316,151,000. Jupiter Topco LLC acquired a new position in Philip Morris International during the second quarter worth about $726,464,000. Finally, Bank of New York Mellon Corp raised its position in Philip Morris International by 30.9% during the second quarter. Bank of New York Mellon Corp now owns 11,669,878 shares of the company’s stock worth $2,111,198,000 after acquiring an additional 2,755,662 shares during the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Stock Down 0.2%

Shares of NYSE PM opened at $208.34 on Tuesday. The stock has a market capitalization of $324.72 billion, a PE ratio of 30.41, a P/E/G ratio of 2.72 and a beta of 0.34. The firm has a fifty day moving average of $194.61 and a 200-day moving average of $182.14. Philip Morris International Inc. has a 52-week low of $142.11 and a 52-week high of $214.35.

Philip Morris International (NYSE:PM) last issued its earnings results on Wednesday, October 21st. The company reported $2.36 earnings per share for the quarter, topping 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 business had revenue of $11.44 billion for the quarter, compared to analyst estimates of $11.32 billion. During the same period last year, the company posted $2.24 EPS. The business’s quarterly revenue was up 5.5% on a year-over-year basis. Equities research analysts expect that Philip Morris International Inc. will post 8.32 EPS for the current fiscal year.

Philip Morris International Increases Dividend

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

Analyst Upgrades and Downgrades

PM has been the topic of several recent research reports. Argus upped their price target on shares of Philip Morris International from $210.00 to $220.00 and gave the company a “buy” rating in a report on Monday, October 26th. UBS Group raised their price objective on shares of Philip Morris International from $193.00 to $201.00 and gave the stock a “neutral” rating in a research note on Thursday, October 22nd. Morgan Stanley lifted their price objective on Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Citigroup upped their target price on Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, Weiss Ratings raised Philip Morris International from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, October 8th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Philip Morris International currently has a consensus rating of “Moderate Buy” and an average 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.