X Square Capital LLC Buys 346 Shares of Philip Morris International Inc. (NYSE:PM)

X Square Capital LLC increased its stake in shares of Philip Morris International Inc. (NYSE:PM) by 2.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 12,964 shares of the company’s stock after purchasing an additional 346 shares during the quarter. X Square Capital LLC’s holdings in Philip Morris International were worth $1,574,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of PM. Iron Horse Wealth Management LLC increased its position in shares of Philip Morris International by 684.4% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 251 shares of the company’s stock valued at $25,000 after purchasing an additional 219 shares during the last quarter. Strategic Financial Concepts LLC purchased a new position in Philip Morris International during the 2nd quarter valued at $25,000. Sachetta LLC boosted its holdings in Philip Morris International by 64.8% during the 2nd quarter. Sachetta LLC now owns 267 shares of the company’s stock valued at $27,000 after acquiring an additional 105 shares during the period. Fortitude Family Office LLC boosted its holdings in Philip Morris International by 57.4% during the 2nd quarter. Fortitude Family Office LLC now owns 318 shares of the company’s stock valued at $32,000 after acquiring an additional 116 shares during the period. Finally, Olistico Wealth LLC purchased a new position in Philip Morris International during the 2nd quarter valued at $34,000. Institutional investors own 78.63% of the company’s stock.

Analyst Ratings Changes

PM has been the subject of a number of recent analyst reports. UBS Group boosted their price objective on Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft boosted their price objective on Philip Morris International from $118.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. StockNews.com upgraded Philip Morris International from a “hold” rating to a “buy” rating in a report on Monday, July 22nd. JPMorgan Chase & Co. boosted their price objective on Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Barclays increased their price target on Philip Morris International from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Philip Morris International currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.85.

Insider Buying and Selling

In related news, insider Massimo Andolina sold 9,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $115.35, for a total transaction of $1,038,150.00. Following the completion of the transaction, the insider now owns 85,629 shares in the company, valued at $9,877,305.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.13% of the stock is currently owned by company insiders.

Philip Morris International Stock Performance

NYSE:PM opened at $131.39 on Thursday. Philip Morris International Inc. has a one year low of $87.23 and a one year high of $131.97. The firm has a market cap of $204.25 billion, a P/E ratio of 25.66, a P/E/G ratio of 2.35 and a beta of 0.55. The firm has a 50-day simple moving average of $121.97 and a 200-day simple moving average of $109.28.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.82 by $0.09. The firm had revenue of $9.91 billion during the quarter, compared to analyst estimates of $9.68 billion. Philip Morris International had a net margin of 9.41% and a negative return on equity of 113.32%. Philip Morris International’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.67 EPS. On average, research analysts predict that Philip Morris International Inc. will post 6.45 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Thursday, September 26th were paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 4.11%. The ex-dividend date was Thursday, September 26th. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.30. Philip Morris International’s payout ratio is 105.47%.

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.