Tema Etfs LLC Takes $4.77 Million Position in Philip Morris International Inc. $PM

by · The Cerbat Gem

Tema Etfs LLC bought a new stake in Philip Morris International Inc. (NYSE:PM – Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 29,388 shares of the company’s stock, valued at approximately $4,767,000.

A number of other institutional investors also recently bought and sold shares of PM. Legacy Investment Solutions LLC purchased a new stake in shares of Philip Morris International in the 2nd quarter valued at $25,000. Traub Capital Management LLC purchased a new position in shares of Philip Morris International during the 2nd quarter valued at about $25,000. Abound Wealth Management lifted its holdings in shares of Philip Morris International by 566.7% in the 2nd quarter. Abound Wealth Management now owns 160 shares of the company’s stock valued at $29,000 after buying an additional 136 shares during the period. Briaud Financial Planning Inc boosted its stake in shares of Philip Morris International by 266.7% in the second 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 last quarter. Finally, Estabrook Capital Management purchased a new stake in shares of Philip Morris International in the second quarter worth about $30,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Wall Street Zen downgraded Philip Morris International from a “buy” rating to a “hold” rating in a report on Saturday. JPMorgan Chase & Co. decreased their target price on shares of Philip Morris International from $190.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, October 8th. Stifel Nicolaus set a $180.00 price objective on shares of Philip Morris International in a report on Tuesday, October 21st. Finally, Barclays lowered their target price on shares of Philip Morris International from $220.00 to $180.00 and set an “overweight” rating on the stock in a research note on Monday, November 17th. Twelve analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Philip Morris International has a consensus rating of “Moderate Buy” and an average target price of $189.00.

View Our Latest Report on Philip Morris International

Philip Morris International Stock Performance

Shares of NYSE PM opened at $162.61 on Monday. The firm has a fifty day moving average of $155.63 and a 200 day moving average of $162.01. The firm has a market cap of $253.13 billion, a PE ratio of 29.46, a PEG ratio of 1.75 and a beta of 0.40. Philip Morris International Inc. has a one year low of $116.12 and a one year high of $186.69.

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

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th will be paid a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, December 26th. Philip Morris International’s payout ratio is 106.52%.

Philip Morris International Company Profile

(Free Report)

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.

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