Caitong International Asset Management Co. Ltd Has $140,000 Position in Philip Morris International Inc. $PM

Caitong International Asset Management Co. Ltd increased its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 25,466.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 767 shares of the company’s stock after acquiring an additional 764 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in Philip Morris International were worth $140,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Abound Wealth Management boosted its position in Philip Morris International by 566.7% in the second quarter. Abound Wealth Management now owns 160 shares of the company’s stock valued at $29,000 after buying an additional 136 shares in the last quarter. Kelly Lawrence W & Associates Inc. CA acquired a new position in Philip Morris International in the first quarter valued at about $30,000. Briaud Financial Planning Inc boosted its position in Philip Morris International by 266.7% in the second quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock valued at $30,000 after buying an additional 120 shares in the last quarter. CBIZ Investment Advisory Services LLC boosted its position in Philip Morris International by 405.0% in the first quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company’s stock valued at $32,000 after buying an additional 162 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd acquired a new position in Philip Morris International in the first quarter valued at about $34,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Price Performance

PM opened at $157.69 on Friday. The company has a market cap of $245.45 billion, a price-to-earnings ratio of 28.57, a price-to-earnings-growth ratio of 2.30 and a beta of 0.46. The firm has a 50 day simple moving average of $162.32 and a 200 day simple moving average of $168.83. Philip Morris International Inc. has a fifty-two week low of $116.12 and a fifty-two week high of $186.69.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Tuesday, March 28th. The company reported $1.59 earnings per share for the quarter. The business had revenue of $8.12 billion during the quarter. Philip Morris International had a net margin of 11.02% and a negative return on equity of 122.14%. As a group, analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 20th. Investors of record on Friday, October 3rd were paid a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.7%. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.35. The ex-dividend date of this dividend was Friday, October 3rd. Philip Morris International’s payout ratio is presently 106.52%.

Analysts Set New Price Targets

A number of equities analysts have commented on PM shares. Citigroup restated a “buy” rating on shares of Philip Morris International in a research report on Thursday, September 4th. UBS Group dropped their target price on shares of Philip Morris International from $177.00 to $166.00 and set a “neutral” rating for the company in a research note on Friday, September 5th. Stifel Nicolaus set a $180.00 target price on shares of Philip Morris International in a research note on Tuesday. KGI Securities started coverage on shares of Philip Morris International in a research note on Monday, August 4th. They issued an “outperform” rating for the company. Finally, Jefferies Financial Group started coverage on shares of Philip Morris International in a research note on Wednesday, July 9th. They issued a “buy” rating and a $220.00 target price for the company. Twelve equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Philip Morris International has an average rating of “Moderate Buy” and a consensus target price of $194.00.

About Philip Morris International

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.