Magnus Financial Group LLC Invests $427,000 in Philip Morris International Inc. (NYSE:PM)

Magnus Financial Group LLC bought a new stake in Philip Morris International Inc. (NYSE:PM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,550 shares of the company’s stock, valued at approximately $427,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. increased its position in shares of Philip Morris International by 24.5% during the second quarter. American Century Companies Inc. now owns 8,701 shares of the company’s stock worth $882,000 after purchasing an additional 1,715 shares in the last quarter. Mill Creek Capital Advisors LLC increased its position in Philip Morris International by 4.7% during the second quarter. Mill Creek Capital Advisors LLC now owns 3,051 shares of the company’s stock worth $309,000 after buying an additional 136 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Philip Morris International by 59.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 297,348 shares of the company’s stock valued at $30,130,000 after buying an additional 111,378 shares during the last quarter. Fred Alger Management LLC boosted its holdings in shares of Philip Morris International by 10.6% in the second quarter. Fred Alger Management LLC now owns 30,898 shares of the company’s stock valued at $3,131,000 after acquiring an additional 2,955 shares during the period. Finally, Blankinship & Foster LLC purchased a new position in shares of Philip Morris International during the second quarter worth approximately $202,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on PM. Morgan Stanley assumed coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price target for the company. JPMorgan Chase & Co. increased their target price on shares of Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Barclays lowered their price target on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Stifel Nicolaus reaffirmed a “buy” rating and set a $145.00 price objective (up from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Philip Morris International from $118.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $131.35.

Philip Morris International Price Performance

Shares of PM stock opened at $122.91 on Thursday. The business’s fifty day moving average price is $125.43 and its 200 day moving average price is $121.76. The firm has a market capitalization of $191.11 billion, a PE ratio of 19.51, a P/E/G ratio of 2.03 and a beta of 0.54. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $134.15.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.82 by $0.09. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. The firm had revenue of $9.91 billion during the quarter, compared to analysts’ expectations of $9.68 billion. During the same quarter last year, the business earned $1.67 earnings per share. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. Equities research analysts expect that Philip Morris International Inc. will post 6.5 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were given a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.39%. Philip Morris International’s payout ratio is 85.71%.

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.