Philip Morris International Inc. $PM Shares Purchased by Spirepoint Private Client LLC

Spirepoint Private Client LLC increased its position in Philip Morris International Inc. (NYSE:PM) by 397.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 8,264 shares of the company’s stock after purchasing an additional 6,603 shares during the period. Spirepoint Private Client LLC’s holdings in Philip Morris International were worth $1,340,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of PM. Corient Private Wealth LLC grew its stake in Philip Morris International by 1.2% in the second quarter. Corient Private Wealth LLC now owns 490,590 shares of the company’s stock valued at $89,354,000 after purchasing an additional 5,681 shares in the last quarter. Westwood Holdings Group Inc. lifted its holdings in shares of Philip Morris International by 295.8% in the 2nd quarter. Westwood Holdings Group Inc. now owns 67,717 shares of the company’s stock worth $12,333,000 after purchasing an additional 50,610 shares in the last quarter. Prudential Financial Inc. boosted its stake in Philip Morris International by 88.9% during the 2nd quarter. Prudential Financial Inc. now owns 2,138,118 shares of the company’s stock valued at $389,415,000 after purchasing an additional 1,006,014 shares during the last quarter. Trek Financial LLC lifted its holdings in shares of Philip Morris International by 732.3% in the second quarter. Trek Financial LLC now owns 42,829 shares of the company’s stock valued at $7,801,000 after purchasing an additional 37,683 shares in the last quarter. Finally, Klingman & Associates LLC grew its holdings in Philip Morris International by 44.5% during the second quarter. Klingman & Associates LLC now owns 6,615 shares of the company’s stock worth $1,205,000 after buying an additional 2,038 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PM has been the subject of a number of research reports. Stifel Nicolaus set a $180.00 target price on shares of Philip Morris International in a research report on Tuesday, October 21st. Wall Street Zen upgraded shares of 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. Barclays decreased their price target on shares of Philip Morris International from $220.00 to $180.00 and set an “overweight” rating on the stock in a research report on Monday, November 17th. Finally, Morgan Stanley set a $175.00 price objective on Philip Morris International and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Twelve research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $189.00.

Philip Morris International Stock Down 0.2%

PM stock opened at $160.00 on Tuesday. The stock has a market capitalization of $249.06 billion, a price-to-earnings ratio of 28.99, a price-to-earnings-growth ratio of 1.72 and a beta of 0.40. The firm’s fifty day simple moving average is $154.73 and its two-hundred day simple moving average is $162.71. Philip Morris International Inc. has a twelve month low of $116.12 and a twelve month high of $186.69.

Philip Morris International (NYSE:PM) last announced its earnings results on Tuesday, March 28th. The company reported $1.59 earnings per share (EPS) for the quarter. Philip Morris International had a negative return on equity of 122.14% and a net margin of 9.33%.The firm had revenue of $8.12 billion for the quarter. As a group, equities research analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Friday, December 26th will be given a $1.47 dividend. The ex-dividend date of this dividend is Friday, December 26th. This represents a $5.88 annualized dividend and a dividend yield of 3.7%. Philip Morris International’s dividend payout ratio is presently 106.52%.

About Philip Morris International

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.