Machina Capital S.A.S. Increases Stock Position in Philip Morris International Inc. $PM

Machina Capital S.A.S. raised its position in Philip Morris International Inc. (NYSE:PM) by 109.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,103 shares of the company’s stock after buying an additional 9,480 shares during the period. Machina Capital S.A.S.’s holdings in Philip Morris International were worth $2,936,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Legacy Investment Solutions LLC purchased a new position in Philip Morris International during the second quarter worth approximately $25,000. Traub Capital Management LLC purchased a new stake in shares of Philip Morris International in the second quarter valued at approximately $25,000. Marquette Asset Management LLC raised its stake in shares of Philip Morris International by 1,677.8% during the 3rd quarter. Marquette Asset Management LLC now owns 160 shares of the company’s stock worth $26,000 after buying an additional 151 shares during the period. Briaud Financial Planning Inc raised its stake in shares of Philip Morris International by 266.7% during the 2nd quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock worth $30,000 after buying an additional 120 shares during the period. Finally, Estabrook Capital Management purchased a new position in shares of Philip Morris International during the 2nd quarter valued at approximately $30,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Stock Down 1.6%

Shares of NYSE PM opened at $177.02 on Wednesday. The firm has a 50-day simple moving average of $162.50 and a 200-day simple moving average of $161.26. The stock has a market capitalization of $275.56 billion, a price-to-earnings ratio of 32.07, a price-to-earnings-growth ratio of 1.94 and a beta of 0.39. Philip Morris International Inc. has a 52 week low of $129.91 and a 52 week high of $186.69.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th were issued a $1.47 dividend. The ex-dividend date was Friday, December 26th. This represents a $5.88 dividend on an annualized basis and a yield of 3.3%. Philip Morris International’s dividend payout ratio is presently 106.52%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on PM shares. Jefferies Financial Group lowered shares of Philip Morris International from a “buy” rating to a “hold” rating and cut their price target for the stock from $220.00 to $180.00 in a report on Tuesday, January 20th. JPMorgan Chase & Co. dropped their target price on shares of Philip Morris International from $190.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research note on Thursday, January 22nd. The Goldman Sachs Group restated a “buy” rating on shares of Philip Morris International in a research report on Wednesday, October 22nd. Finally, Barclays lowered their price objective on Philip Morris International from $220.00 to $180.00 and set an “overweight” rating on the stock in a report on Monday, November 17th. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $184.56.

About Philip Morris International

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.