Philip Morris International Inc. $PM Shares Sold by Maverick Capital Ltd.

by · The Cerbat Gem

Maverick Capital Ltd. lowered its position in Philip Morris International Inc. (NYSE:PM – Free Report) by 3.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,481,478 shares of the company’s stock after selling 53,068 shares during the period. Philip Morris International accounts for approximately 4.1% of Maverick Capital Ltd.’s portfolio, making the stock its 6th biggest holding. Maverick Capital Ltd. owned approximately 0.10% of Philip Morris International worth $269,822,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Legacy Investment Solutions LLC acquired a new position in Philip Morris International during the second quarter worth about $25,000. Traub Capital Management LLC acquired a new stake in Philip Morris International in the 2nd quarter valued at about $25,000. Abound Wealth Management lifted its stake in Philip Morris International by 566.7% in the 2nd quarter. Abound Wealth Management now owns 160 shares of the company’s stock worth $29,000 after purchasing an additional 136 shares in the last quarter. Estabrook Capital Management purchased a new position in Philip Morris International in the 2nd quarter worth approximately $30,000. Finally, Briaud Financial Planning Inc boosted its holdings 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 purchasing an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on PM shares. Stifel Nicolaus set a $180.00 price target on Philip Morris International in a research report on Tuesday, October 21st. The Goldman Sachs Group reissued a “buy” rating on shares of Philip Morris International in a research note on Wednesday, October 22nd. Citigroup restated a “buy” rating on shares of Philip Morris International in a report on Thursday, September 4th. Wall Street Zen raised Philip Morris International from a “hold” rating to a “buy” rating in a research note on Monday, November 17th. Finally, UBS Group lowered their price target on shares of Philip Morris International from $177.00 to $166.00 and set a “neutral” rating on the stock in a research report on Friday, September 5th. Twelve equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $189.00.

Get Our Latest Analysis on Philip Morris International

Philip Morris International Stock Performance

PM opened at $150.83 on Friday. The stock has a market capitalization of $234.79 billion, a PE ratio of 27.32, a P/E/G ratio of 1.78 and a beta of 0.42. Philip Morris International Inc. has a one year low of $116.12 and a one year high of $186.69. The business’s 50 day moving average price is $153.61 and its 200 day moving average price is $165.53.

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

Philip Morris International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 20th. Shareholders of record on Friday, October 3rd were paid a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 3.9%. This is a boost from Philip Morris International’s previous quarterly dividend of $1.35. The ex-dividend date of this dividend was Friday, October 3rd. Philip Morris International’s payout ratio is 106.52%.

Philip Morris International Company Profile

(Free Report)

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.

Read More