RWC Asset Management LLP Has $18.93 Million Stock Holdings in Philip Morris International Inc. $PM

RWC Asset Management LLP decreased its position in shares of Philip Morris International Inc. (NYSE:PM) by 7.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 116,687 shares of the company’s stock after selling 9,172 shares during the quarter. RWC Asset Management LLP’s holdings in Philip Morris International were worth $18,927,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PM. Corient Private Wealth LLC boosted its stake in Philip Morris International by 1.2% in the 2nd quarter. Corient Private Wealth LLC now owns 490,590 shares of the company’s stock worth $89,354,000 after purchasing an additional 5,681 shares during the period. Westwood Holdings Group Inc. raised its holdings in shares of Philip Morris International by 295.8% in the second quarter. Westwood Holdings Group Inc. now owns 67,717 shares of the company’s stock valued at $12,333,000 after purchasing an additional 50,610 shares during the last quarter. Prudential Financial Inc. increased its stake in Philip Morris International by 88.9% in the 2nd quarter. Prudential Financial Inc. now owns 2,138,118 shares of the company’s stock valued at $389,415,000 after buying an additional 1,006,014 shares during the last quarter. Trek Financial LLC increased its stake in Philip Morris International by 732.3% in the 2nd quarter. Trek Financial LLC now owns 42,829 shares of the company’s stock valued at $7,801,000 after buying an additional 37,683 shares during the last quarter. Finally, Railway Pension Investments Ltd lifted its position in Philip Morris International by 2.9% during the 3rd quarter. Railway Pension Investments Ltd now owns 514,040 shares of the company’s stock worth $83,377,000 after buying an additional 14,600 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, October 8th. JPMorgan Chase & Co. dropped their price objective on Philip Morris International from $190.00 to $185.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. Morgan Stanley set a $175.00 target price on shares of Philip Morris International and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Barclays dropped 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, Stifel Nicolaus set a $180.00 price objective on Philip Morris International in a research report on Tuesday, October 21st. Twelve equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $189.00.

Philip Morris International Stock Up 1.6%

Shares of PM opened at $165.22 on Tuesday. Philip Morris International Inc. has a 52 week low of $116.12 and a 52 week high of $186.69. The stock has a market cap of $257.19 billion, a P/E ratio of 29.93, a P/E/G ratio of 1.75 and a beta of 0.40. The business’s 50 day moving average price is $156.05 and its 200-day moving average price is $161.90.

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

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th will be issued a $1.47 dividend. The ex-dividend date of this dividend is Friday, December 26th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.6%. Philip Morris International’s dividend payout ratio (DPR) is presently 106.52%.

Philip Morris International Company Profile

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.