Marex Group plc Buys Shares of 14,500 Philip Morris International Inc. $PM

Marex Group plc purchased a new stake in shares of Philip Morris International Inc. (NYSE:PM) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 14,500 shares of the company’s stock, valued at approximately $2,641,000.

Several other hedge funds have also recently made changes to their positions in the stock. PFS Partners LLC grew its position in Philip Morris International by 24.8% in the 2nd quarter. PFS Partners LLC now owns 292 shares of the company’s stock worth $53,000 after purchasing an additional 58 shares during the period. Uncommon Cents Investing LLC grew its holdings in shares of Philip Morris International by 1.1% in the second quarter. Uncommon Cents Investing LLC now owns 5,666 shares of the company’s stock worth $1,032,000 after acquiring an additional 61 shares during the period. Second Line Capital LLC increased its position in Philip Morris International by 4.8% during the second quarter. Second Line Capital LLC now owns 1,338 shares of the company’s stock valued at $245,000 after acquiring an additional 61 shares during the last quarter. Cranbrook Wealth Management LLC lifted its holdings in Philip Morris International by 6.5% in the second quarter. Cranbrook Wealth Management LLC now owns 1,014 shares of the company’s stock valued at $185,000 after acquiring an additional 62 shares during the period. Finally, Meridian Wealth Partners LLC boosted its position in Philip Morris International by 3.1% in the second quarter. Meridian Wealth Partners LLC now owns 2,060 shares of the company’s stock worth $375,000 after purchasing an additional 62 shares during the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Price Performance

Shares of NYSE PM opened at $153.49 on Friday. The stock has a market cap of $238.93 billion, a PE ratio of 27.81, a price-to-earnings-growth ratio of 1.83 and a beta of 0.42. Philip Morris International Inc. has a 1 year low of $116.12 and a 1 year high of $186.69. The firm has a fifty day moving average price of $153.62 and a 200-day moving average price of $165.26.

Philip Morris International (NYSE:PM) last issued its earnings results on Tuesday, March 28th. The company reported $1.59 earnings per share for the quarter. The company 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%. On average, 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 announced a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Friday, December 26th will be paid a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Friday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is 106.52%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Citigroup reiterated a “buy” rating on shares of Philip Morris International in a research note on Thursday, September 4th. The Goldman Sachs Group reiterated a “buy” rating on shares of Philip Morris International in a research report on Wednesday, October 22nd. Stifel Nicolaus set a $180.00 price objective on shares of Philip Morris International in a research report on Tuesday, October 21st. Wall Street Zen raised Philip Morris International from a “hold” rating to a “buy” rating in a report on Monday, November 17th. Finally, Morgan Stanley set a $175.00 target price on Philip Morris International and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Twelve equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $189.00.

Philip Morris International Company 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.