WINTON GROUP Ltd Sells 8,950 Shares of Philip Morris International Inc. (NYSE:PM)

WINTON GROUP Ltd decreased its position in shares of Philip Morris International Inc. (NYSE:PM) by 77.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,629 shares of the company’s stock after selling 8,950 shares during the quarter. WINTON GROUP Ltd’s holdings in Philip Morris International were worth $266,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of PM. Gilbert & Cook Inc. boosted its position in shares of Philip Morris International by 3.8% during the fourth quarter. Gilbert & Cook Inc. now owns 10,946 shares of the company’s stock valued at $1,030,000 after buying an additional 404 shares during the last quarter. Clearbridge Investments LLC purchased a new position in shares of Philip Morris International during the fourth quarter valued at approximately $460,000. D.A. Davidson & CO. boosted its position in shares of Philip Morris International by 2.2% during the fourth quarter. D.A. Davidson & CO. now owns 98,075 shares of the company’s stock valued at $9,227,000 after buying an additional 2,140 shares during the last quarter. Assetmark Inc. boosted its position in Philip Morris International by 21.1% in the fourth quarter. Assetmark Inc. now owns 137,340 shares of the company’s stock worth $12,921,000 after purchasing an additional 23,911 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Philip Morris International by 5.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5,123 shares of the company’s stock worth $482,000 after purchasing an additional 268 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Performance

NYSE:PM opened at $120.96 on Thursday. Philip Morris International Inc. has a 52-week low of $87.23 and a 52-week high of $128.22. The firm has a market cap of $188.04 billion, a price-to-earnings ratio of 23.63, a PEG ratio of 2.45 and a beta of 0.55. The business’s fifty day moving average is $117.57 and its 200 day moving average is $104.25.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.02. Philip Morris International had a negative return on equity of 113.32% and a net margin of 9.41%. The company had revenue of $9.47 billion for the quarter, compared to analyst estimates of $9.19 billion. During the same period in the previous year, the company posted $1.60 EPS. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. Equities analysts predict that Philip Morris International Inc. will post 6.45 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Thursday, September 26th will be paid a $1.35 dividend. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.30. This represents a $5.40 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date is Thursday, September 26th. Philip Morris International’s dividend payout ratio is currently 105.47%.

Analysts Set New Price Targets

Several research firms have weighed in on PM. Bank of America boosted their price objective on Philip Morris International from $125.00 to $139.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Stifel Nicolaus boosted their price objective on Philip Morris International from $120.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. StockNews.com raised Philip Morris International from a “hold” rating to a “buy” rating in a research report on Monday, July 22nd. Barclays upped their price target on Philip Morris International from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. Finally, JPMorgan Chase & Co. upped their price target on Philip Morris International from $110.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $117.05.

Insiders Place Their Bets

In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the company’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $113.01, for a total value of $2,260,200.00. Following the transaction, the insider now directly owns 158,447 shares in the company, valued at approximately $17,906,095.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Philip Morris International news, insider Massimo Andolina sold 9,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $115.35, for a total value of $1,038,150.00. Following the transaction, the insider now directly owns 85,629 shares in the company, valued at approximately $9,877,305.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Wilde Frederic De sold 20,000 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $113.01, for a total value of $2,260,200.00. Following the transaction, the insider now owns 158,447 shares in the company, valued at $17,906,095.47. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Philip Morris International Profile

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.