Philip Morris International Inc. (NYSE:PM) is Boussard & Gavaudan Investment Management LLP’s 2nd Largest Position

Boussard & Gavaudan Investment Management LLP increased its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 173.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,089,684 shares of the company’s stock after acquiring an additional 691,103 shares during the period. Philip Morris International comprises 5.3% of Boussard & Gavaudan Investment Management LLP’s portfolio, making the stock its 2nd biggest position. Boussard & Gavaudan Investment Management LLP owned about 0.07% of Philip Morris International worth $121,717,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Hourglass Capital LLC increased its holdings in shares of Philip Morris International by 0.9% in the 2nd quarter. Hourglass Capital LLC now owns 76,258 shares of the company’s stock valued at $8,957,000 after acquiring an additional 650 shares during the period. WFG Advisors LP increased its holdings in shares of Philip Morris International by 30.1% in the 2nd quarter. WFG Advisors LP now owns 12,753 shares of the company’s stock valued at $1,498,000 after acquiring an additional 2,951 shares during the period. Wedbush Securities Inc. increased its holdings in shares of Philip Morris International by 28.0% in the 2nd quarter. Wedbush Securities Inc. now owns 18,832 shares of the company’s stock valued at $2,212,000 after acquiring an additional 4,123 shares during the period. Suffolk Capital Management LLC purchased a new position in shares of Philip Morris International in the 2nd quarter valued at $12,928,000. Finally, Fundsmith LLP increased its holdings in shares of Philip Morris International by 1.5% in the 2nd quarter. Fundsmith LLP now owns 5,240,912 shares of the company’s stock valued at $615,545,000 after acquiring an additional 79,106 shares during the period. 72.36% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Inc. (PM) traded down $0.36 during trading hours on Friday, reaching $104.50. The company’s stock had a trading volume of 5,513,751 shares, compared to its average volume of 4,620,000. The company has a current ratio of 1.13, a quick ratio of 0.68 and a debt-to-equity ratio of -2.91. The stock has a market cap of $162,310.00, a price-to-earnings ratio of 23.07, a P/E/G ratio of 1.90 and a beta of 0.89. Philip Morris International Inc. has a 52 week low of $89.97 and a 52 week high of $123.55.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, October 19th. The company reported $1.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.11). The company had revenue of $7.50 billion during the quarter, compared to analysts’ expectations of $7.75 billion. Philip Morris International had a net margin of 9.32% and a negative return on equity of 67.59%. Philip Morris International’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the company earned $1.25 earnings per share. analysts anticipate that Philip Morris International Inc. will post 4.75 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 11th. Investors of record on Thursday, December 21st were given a $1.07 dividend. The ex-dividend date of this dividend was Wednesday, December 20th. This represents a $4.28 annualized dividend and a yield of 4.10%. Philip Morris International’s payout ratio is 94.48%.

In other Philip Morris International news, Chairman Louis C. Camilleri sold 108,979 shares of the company’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $108.38, for a total transaction of $11,811,144.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.23% of the company’s stock.

Several brokerages recently weighed in on PM. Piper Jaffray Companies restated an “overweight” rating and set a $137.00 target price (up from $130.00) on shares of Philip Morris International in a research note on Thursday. Jefferies Group restated a “hold” rating and set a $120.00 target price on shares of Philip Morris International in a research note on Thursday, September 28th. Cowen reaffirmed a “buy” rating on shares of Philip Morris International in a research report on Sunday, September 24th. Goldman Sachs Group assumed coverage on Philip Morris International in a research report on Monday, October 2nd. They set a “buy” rating for the company. Finally, Societe Generale raised Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $124.77.

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Philip Morris International 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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