Olympiad Research LP Invests $280,000 in Philip Morris International Inc. $PM

Olympiad Research LP purchased a new position in shares of Philip Morris International Inc. (NYSE:PM) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,539 shares of the company’s stock, valued at approximately $280,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PM. Linscomb Wealth Inc. grew its holdings in shares of Philip Morris International by 3.3% in the first quarter. Linscomb Wealth Inc. now owns 83,205 shares of the company’s stock valued at $13,207,000 after purchasing an additional 2,669 shares during the period. Mackenzie Financial Corp boosted its holdings in Philip Morris International by 7.3% in the 1st quarter. Mackenzie Financial Corp now owns 3,583,903 shares of the company’s stock valued at $568,873,000 after purchasing an additional 242,799 shares during the last quarter. First American Trust FSB grew its stake in shares of Philip Morris International by 80.0% in the 1st quarter. First American Trust FSB now owns 56,382 shares of the company’s stock valued at $8,949,000 after buying an additional 25,063 shares during the period. SpringVest Wealth Management LLC acquired a new stake in shares of Philip Morris International during the 1st quarter worth approximately $253,000. Finally, SFE Investment Counsel purchased a new stake in shares of Philip Morris International during the 1st quarter valued at approximately $327,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Performance

NYSE PM opened at $155.12 on Friday. Philip Morris International Inc. has a one year low of $116.12 and a one year high of $186.69. The firm has a 50 day simple moving average of $157.58 and a 200-day simple moving average of $168.00. The firm has a market cap of $241.47 billion, a price-to-earnings ratio of 28.10, a PEG ratio of 2.25 and a beta of 0.43.

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

Philip Morris International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 20th. Stockholders of record on Friday, October 3rd were given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.8%. This is an increase from Philip Morris International’s previous quarterly dividend of $1.35. The ex-dividend date was Friday, October 3rd. Philip Morris International’s payout ratio is presently 106.52%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. KGI Securities initiated coverage on Philip Morris International in a research note on Monday, August 4th. They set an “outperform” rating for the company. Wall Street Zen downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Barclays reduced their price objective on shares of Philip Morris International from $225.00 to $220.00 and set an “overweight” rating on the stock in a report on Wednesday, July 30th. Needham & Company LLC reiterated a “buy” rating and set a $195.00 price target on shares of Philip Morris International in a research report on Wednesday, July 23rd. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Philip Morris International in a report on Wednesday, October 22nd. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $194.00.

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.