Philip Morris International Inc. (PM) Position Boosted by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC increased its stake in Philip Morris International Inc. (NYSE:PM) by 35.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,116 shares of the company’s stock after acquiring an additional 7,107 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Philip Morris International were worth $3,185,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Hourglass Capital LLC lifted its stake in Philip Morris International by 0.9% in the second quarter. Hourglass Capital LLC now owns 76,258 shares of the company’s stock valued at $8,957,000 after buying an additional 650 shares during the period. Wedbush Securities Inc. increased its holdings in shares of Philip Morris International by 28.0% during the second quarter. Wedbush Securities Inc. now owns 18,832 shares of the company’s stock valued at $2,212,000 after acquiring an additional 4,123 shares in the last quarter. Suffolk Capital Management LLC bought a new stake in shares of Philip Morris International during the second quarter valued at approximately $12,928,000. LMR Partners LLP increased its holdings in shares of Philip Morris International by 274.0% during the second quarter. LMR Partners LLP now owns 21,391 shares of the company’s stock valued at $2,512,000 after acquiring an additional 15,671 shares in the last quarter. Finally, Birinyi Associates Inc. increased its holdings in shares of Philip Morris International by 15.0% during the second quarter. Birinyi Associates Inc. now owns 27,160 shares of the company’s stock valued at $3,190,000 after acquiring an additional 3,550 shares in the last quarter. 72.63% of the stock is currently owned by institutional investors.

In related news, Chairman Louis C. Camilleri sold 108,979 shares of the company’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $108.38, for a total transaction of $11,811,144.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.23% of the company’s stock.

Several equities research analysts have recently commented on the company. Cowen restated a “buy” rating and set a $135.00 price objective on shares of Philip Morris International in a report on Tuesday, August 22nd. Piper Jaffray Companies set a $134.00 price objective on Philip Morris International and gave the company a “buy” rating in a report on Saturday, August 19th. Jefferies Group restated a “hold” rating and set a $120.00 price objective (down previously from $121.00) on shares of Philip Morris International in a report on Thursday, August 24th. Wells Fargo & Company restated an “outperform” rating and set a $140.00 price objective on shares of Philip Morris International in a report on Tuesday, October 10th. Finally, Goldman Sachs Group upgraded Philip Morris International from a “buy” rating to a “conviction-buy” rating and set a $135.00 price objective for the company in a report on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. Philip Morris International has a consensus rating of “Hold” and a consensus price target of $124.23.

Shares of Philip Morris International Inc. (NYSE:PM) traded down $0.55 during trading on Tuesday, reaching $106.04. The company had a trading volume of 3,049,000 shares, compared to its average volume of 4,125,936. Philip Morris International Inc. has a 1-year low of $88.90 and a 1-year high of $123.55. The company has a market capitalization of $165,555.89, a P/E ratio of 23.74, a P/E/G ratio of 2.15 and a beta of 0.90. The company has a debt-to-equity ratio of -2.91, a current ratio of 1.13 and a quick ratio of 0.68.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, October 19th. The company reported $1.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.38 by ($0.11). The company had revenue of $7.50 billion during the quarter, compared to analyst estimates of $7.75 billion. During the same period in the prior year, the business earned $1.25 EPS. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. sell-side analysts anticipate that Philip Morris International Inc. will post 4.75 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 11th. Investors of record on Thursday, December 21st will be issued a dividend of $1.07 per share. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $4.28 annualized dividend and a yield of 4.04%. Philip Morris International’s dividend payout ratio (DPR) is currently 94.48%.

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About Philip Morris International

Philip Morris International Inc is a holding company. The Company is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada.

Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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