Dorsey Wright & Associates Purchases 11,193 Shares of Philip Morris International Inc. $PM

Dorsey Wright & Associates increased its position in shares of Philip Morris International Inc. (NYSE:PM) by 44.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 36,169 shares of the company’s stock after buying an additional 11,193 shares during the quarter. Philip Morris International comprises about 1.6% of Dorsey Wright & Associates’ portfolio, making the stock its 18th biggest position. Dorsey Wright & Associates’ holdings in Philip Morris International were worth $6,587,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of PM. WCM Investment Management LLC increased its stake in Philip Morris International by 24,968.0% during the 2nd quarter. WCM Investment Management LLC now owns 11,275,606 shares of the company’s stock valued at $2,041,223,000 after purchasing an additional 11,230,626 shares in the last quarter. Nuveen LLC bought a new stake in shares of Philip Morris International during the first quarter worth about $1,712,994,000. Wellington Management Group LLP raised its holdings in shares of Philip Morris International by 26.4% in the 1st quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company’s stock worth $3,466,730,000 after acquiring an additional 4,563,632 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Philip Morris International by 57.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,794,530 shares of the company’s stock valued at $1,554,686,000 after acquiring an additional 3,575,158 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Philip Morris International by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 142,857,055 shares of the company’s stock valued at $26,018,555,000 after purchasing an additional 2,235,380 shares during the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PM. UBS Group lowered their price objective on 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. KGI Securities started coverage on Philip Morris International in a research report on Monday, August 4th. They issued an “outperform” rating for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, October 8th. Needham & Company LLC reiterated a “buy” rating and issued a $195.00 target price on shares of Philip Morris International in a report on Wednesday, July 23rd. Finally, 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. Twelve equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Philip Morris International currently has a consensus rating of “Moderate Buy” and an average target price of $189.56.

Philip Morris International Price Performance

Shares of Philip Morris International stock opened at $156.05 on Wednesday. The stock has a fifty day moving average price of $157.08 and a 200-day moving average price of $167.63. The firm has a market cap of $242.92 billion, a PE ratio of 28.27, a P/E/G ratio of 2.21 and a beta of 0.43. Philip Morris International Inc. has a 1 year low of $116.12 and a 1 year high of $186.69.

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

Philip Morris International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 20th. Shareholders of record on Friday, October 3rd were issued a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 3.8%. 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 dividend payout ratio is currently 106.52%.

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.