Point72 Asia Hong Kong Ltd Boosts Stake in Philip Morris International Inc. (PM)

Point72 Asia Hong Kong Ltd lifted its holdings in Philip Morris International Inc. (NYSE:PM) by 41.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,525 shares of the company’s stock after buying an additional 1,632 shares during the period. Point72 Asia Hong Kong Ltd’s holdings in Philip Morris International were worth $549,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of PM. Cubist Systematic Strategies LLC boosted its stake in shares of Philip Morris International by 149.6% during the 1st quarter. Cubist Systematic Strategies LLC now owns 50,024 shares of the company’s stock worth $4,972,000 after purchasing an additional 29,981 shares during the period. Freestone Capital Holdings LLC boosted its stake in shares of Philip Morris International by 11.1% during the 1st quarter. Freestone Capital Holdings LLC now owns 43,938 shares of the company’s stock worth $4,367,000 after purchasing an additional 4,400 shares during the period. Aristotle Capital Management LLC purchased a new position in shares of Philip Morris International during the 1st quarter worth about $119,000. Mariner LLC boosted its stake in shares of Philip Morris International by 22.9% during the 1st quarter. Mariner LLC now owns 52,944 shares of the company’s stock worth $5,263,000 after purchasing an additional 9,857 shares during the period. Finally, Stewardship Financial Advisors LLC purchased a new position in shares of Philip Morris International during the 1st quarter worth about $1,778,000. Hedge funds and other institutional investors own 72.34% of the company’s stock.

In other Philip Morris International news, insider Jerry Whitson purchased 3,000 shares of the stock in a transaction dated Wednesday, April 25th. The stock was purchased at an average price of $82.76 per share, with a total value of $248,280.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Louis C. Camilleri sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, May 11th. The stock was sold at an average price of $82.06, for a total transaction of $8,206,000.00. Following the completion of the sale, the director now directly owns 660,172 shares of the company’s stock, valued at approximately $54,173,714.32. The disclosure for this sale can be found here. Over the last three months, insiders acquired 49,000 shares of company stock valued at $3,989,640. 0.22% of the stock is owned by corporate insiders.

A number of equities analysts recently commented on PM shares. Zacks Investment Research cut shares of Philip Morris International from a “hold” rating to a “sell” rating in a research note on Wednesday, April 11th. Goldman Sachs Group cut shares of Philip Morris International from a “conviction-buy” rating to a “buy” rating in a research note on Friday, April 20th. Bank of America cut shares of Philip Morris International from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $113.00 to $88.00 in a research note on Friday, April 20th. Deutsche Bank started coverage on shares of Philip Morris International in a research note on Tuesday, April 10th. They set a “buy” rating and a $120.00 price target for the company. Finally, Stifel Nicolaus dropped their price target on shares of Philip Morris International from $125.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, April 20th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $116.86.

Philip Morris International opened at $80.10 on Thursday, MarketBeat.com reports. The stock has a market capitalization of $125.09 billion, a price-to-earnings ratio of 16.25, a P/E/G ratio of 1.60 and a beta of 0.88. The company has a debt-to-equity ratio of -2.82, a current ratio of 1.16 and a quick ratio of 0.68. Philip Morris International Inc. has a 1 year low of $76.21 and a 1 year high of $123.55.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, April 19th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.12. The company had revenue of $6.90 billion during the quarter, compared to analysts’ expectations of $7.03 billion. Philip Morris International had a net margin of 7.50% and a negative return on equity of 72.40%. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.98 EPS. research analysts expect that Philip Morris International Inc. will post 5.16 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 11th. Shareholders of record on Friday, June 22nd will be given a $1.14 dividend. This represents a $4.56 annualized dividend and a yield of 5.69%. This is a boost from Philip Morris International’s previous quarterly dividend of $1.07. The ex-dividend date is Thursday, June 21st. Philip Morris International’s payout ratio is 86.82%.

Philip Morris International Company Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, Philip Morris, Merit, Virginia S., Muratti, and Next.

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

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