Oak Harvest Investment Services Acquires 22,551 Shares of Philip Morris International Inc. $PM

Oak Harvest Investment Services increased its holdings in Philip Morris International Inc. (NYSE:PM) by 1,280.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,312 shares of the company’s stock after buying an additional 22,551 shares during the period. Oak Harvest Investment Services’ holdings in Philip Morris International were worth $3,943,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Brighton Jones LLC raised its stake in Philip Morris International by 31.1% in the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock valued at $1,027,000 after purchasing an additional 2,023 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in Philip Morris International by 4.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock valued at $252,000 after buying an additional 91 shares during the period. American Century Companies Inc. increased its holdings in Philip Morris International by 2.2% in the 1st quarter. American Century Companies Inc. now owns 14,748 shares of the company’s stock valued at $2,341,000 after buying an additional 323 shares during the period. Trexquant Investment LP raised its position in shares of Philip Morris International by 1,467.8% in the 1st quarter. Trexquant Investment LP now owns 29,082 shares of the company’s stock valued at $4,616,000 after buying an additional 27,227 shares in the last quarter. Finally, Driehaus Capital Management LLC lifted its holdings in shares of Philip Morris International by 62.6% during the 1st quarter. Driehaus Capital Management LLC now owns 6,935 shares of the company’s stock worth $1,101,000 after acquiring an additional 2,669 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PM. Morgan Stanley set a $175.00 price objective on shares of Philip Morris International and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, October 8th. UBS Group dropped their price objective on Philip Morris International from $177.00 to $166.00 and set a “neutral” rating for the company in a research report on Friday, September 5th. The Goldman Sachs Group reiterated a “buy” rating on shares of Philip Morris International in a research report on Wednesday, October 22nd. Finally, Stifel Nicolaus set a $180.00 target price on shares of Philip Morris International in a report on Tuesday, October 21st. Twelve equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Philip Morris International currently has an average rating of “Moderate Buy” and an average price target of $189.00.

Philip Morris International Stock Up 0.4%

Shares of PM stock opened at $161.76 on Tuesday. Philip Morris International Inc. has a twelve month low of $116.12 and a twelve month high of $186.69. The stock’s fifty day simple moving average is $154.23 and its 200 day simple moving average is $163.51. The firm has a market capitalization of $251.81 billion, a P/E ratio of 29.31, a P/E/G ratio of 1.93 and a beta of 0.42.

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

Philip Morris International Announces Dividend

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 given a dividend of $1.47 per share. The ex-dividend date is Friday, December 26th. This represents a $5.88 annualized dividend and a yield of 3.6%. Philip Morris International’s dividend payout ratio (DPR) is currently 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.