Philip Morris International Inc (NYSE:PM) Position Increased by LMR Partners LLP

LMR Partners LLP increased its holdings in Philip Morris International Inc (NYSE:PM) by 274.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,391 shares of the company’s stock after buying an additional 15,671 shares during the quarter. LMR Partners LLP’s holdings in Philip Morris International were worth $2,512,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Welch & Forbes LLC grew its stake in shares of Philip Morris International by 0.3% during the 1st quarter. Welch & Forbes LLC now owns 23,089 shares of the company’s stock worth $2,606,000 after purchasing an additional 62 shares during the period. Old Mutual Global Investors UK Ltd. grew its stake in shares of Philip Morris International by 122.6% during the 1st quarter. Old Mutual Global Investors UK Ltd. now owns 465,655 shares of the company’s stock worth $52,572,000 after purchasing an additional 256,500 shares during the period. Shayne & CO. LLC grew its stake in shares of Philip Morris International by 17.4% during the 1st quarter. Shayne & CO. LLC now owns 10,099 shares of the company’s stock worth $1,141,000 after purchasing an additional 1,500 shares during the period. Access Financial Services Inc. grew its stake in shares of Philip Morris International by 5.0% during the 1st quarter. Access Financial Services Inc. now owns 5,853 shares of the company’s stock worth $661,000 after purchasing an additional 280 shares during the period. Finally, Dowling & Yahnke LLC grew its stake in shares of Philip Morris International by 45.8% during the 1st quarter. Dowling & Yahnke LLC now owns 10,274 shares of the company’s stock worth $1,160,000 after purchasing an additional 3,228 shares during the period. Institutional investors own 72.25% of the company’s stock.

A number of equities research analysts have recently commented on PM shares. Societe Generale raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday, October 20th. TheStreet raised shares of Philip Morris International from a “c+” rating to a “b-” rating in a research note on Thursday, July 20th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $133.00 price target (down previously from $134.00) on shares of Philip Morris International in a research note on Saturday, July 22nd. Cowen and Company reissued a “buy” rating on shares of Philip Morris International in a research note on Sunday, September 24th. Finally, BidaskClub cut shares of Philip Morris International from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Philip Morris International currently has a consensus rating of “Buy” and an average target price of $124.62.

In other news, insider Drago Azinovic sold 14,000 shares of Philip Morris International stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $116.00, for a total transaction of $1,624,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Louis C. Camilleri sold 108,979 shares of Philip Morris International stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $108.38, for a total value of $11,811,144.02. The disclosure for this sale can be found here. 0.23% of the stock is owned by insiders.

Shares of Philip Morris International Inc (NYSE PM) traded up $0.56 during mid-day trading on Friday, reaching $103.02. The company’s stock had a trading volume of 4,935,200 shares, compared to its average volume of 4,099,839. The company has a quick ratio of 0.68, a current ratio of 1.13 and a debt-to-equity ratio of -2.91. The stock has a market cap of $159,141.17, a price-to-earnings ratio of 22.82, a P/E/G ratio of 2.07 and a beta of 0.91. Philip Morris International Inc has a 12 month low of $86.78 and a 12 month high of $123.55.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, October 19th. The company reported $1.27 earnings per share for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.11). Philip Morris International had a net margin of 9.32% and a negative return on equity of 67.59%. The firm had revenue of $7.50 billion during the quarter, compared to analysts’ expectations of $7.75 billion. During the same quarter in the previous year, the business posted $1.25 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. equities research analysts predict that Philip Morris International Inc will post 4.76 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Stockholders of record on Wednesday, September 27th were issued a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 4.15%. The ex-dividend date of this dividend was Tuesday, September 26th. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.04. Philip Morris International’s payout ratio is currently 94.48%.

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Philip Morris International Company Profile

Philip Morris International Inc is a holding company. The Company is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada.

Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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