Philip Morris International Inc. (NYSE:PM) Shares Bought by Hexagon Capital Partners LLC

Hexagon Capital Partners LLC grew its position in shares of Philip Morris International Inc. (NYSE:PMGet Rating) by 1.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,445 shares of the company’s stock after purchasing an additional 132 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Philip Morris International were worth $793,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. raised its holdings in Philip Morris International by 2.4% in the 4th quarter. BlackRock Inc. now owns 94,109,468 shares of the company’s stock worth $8,940,401,000 after purchasing an additional 2,179,980 shares during the period. State Street Corp increased its position in shares of Philip Morris International by 3.7% in the fourth quarter. State Street Corp now owns 56,505,116 shares of the company’s stock valued at $5,437,859,000 after buying an additional 1,992,512 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Philip Morris International by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 27,333,383 shares of the company’s stock worth $2,590,702,000 after buying an additional 214,617 shares during the period. Fundsmith LLP lifted its position in shares of Philip Morris International by 5.5% during the 4th quarter. Fundsmith LLP now owns 20,423,427 shares of the company’s stock valued at $1,940,226,000 after buying an additional 1,069,807 shares in the last quarter. Finally, GQG Partners LLC grew its stake in Philip Morris International by 1.2% in the 4th quarter. GQG Partners LLC now owns 14,402,976 shares of the company’s stock valued at $1,368,162,000 after acquiring an additional 166,463 shares during the period. Hedge funds and other institutional investors own 74.78% of the company’s stock.

Shares of Philip Morris International stock opened at $99.18 on Thursday. The stock’s 50 day simple moving average is $102.55 and its 200-day simple moving average is $99.87. The stock has a market cap of $153.74 billion, a P/E ratio of 17.16, a P/E/G ratio of 3.53 and a beta of 0.66. Philip Morris International Inc. has a 1-year low of $85.64 and a 1-year high of $112.48.

Philip Morris International (NYSE:PMGet Rating) last announced its quarterly earnings data on Thursday, April 21st. The company reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.08. The firm had revenue of $7.75 billion for the quarter, compared to the consensus estimate of $7.43 billion. Philip Morris International had a negative return on equity of 110.49% and a net margin of 10.97%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.57 earnings per share. As a group, research analysts forecast that Philip Morris International Inc. will post 5.53 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Friday, July 1st will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, June 30th. This represents a $5.00 annualized dividend and a dividend yield of 5.04%. Philip Morris International’s payout ratio is 86.51%.

Several equities analysts have issued reports on the stock. The Goldman Sachs Group downgraded shares of Philip Morris International from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $116.00 to $100.00 in a report on Tuesday, March 22nd. Barclays decreased their price target on shares of Philip Morris International from $125.00 to $120.00 in a research note on Friday, February 25th. Stifel Nicolaus cut their price objective on Philip Morris International from $115.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, March 25th. Morgan Stanley raised their target price on Philip Morris International from $104.00 to $112.00 and gave the company an “overweight” rating in a research report on Friday, April 22nd. Finally, StockNews.com lowered Philip Morris International from a “buy” rating to a “hold” rating in a research note on Saturday, June 18th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $111.75.

Philip Morris International Company Profile (Get Rating)

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 that are sold in markets outside the United States.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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