Duquesne Family Office LLC Has $175.44 Million Stake in Philip Morris International Inc. (NYSE:PM)

Duquesne Family Office LLC lessened its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 18.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,105,268 shares of the company’s stock after selling 246,987 shares during the quarter. Philip Morris International comprises 5.7% of Duquesne Family Office LLC’s investment portfolio, making the stock its 5th largest position. Duquesne Family Office LLC owned about 0.07% of Philip Morris International worth $175,439,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. NewSquare Capital LLC increased its stake in Philip Morris International by 53.7% in the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock worth $25,000 after purchasing an additional 72 shares during the period. Kelly Lawrence W & Associates Inc. CA bought a new stake in shares of Philip Morris International during the first quarter valued at approximately $30,000. Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of Philip Morris International during the first quarter valued at approximately $34,000. Pacifica Partners Inc. boosted its position in shares of Philip Morris International by 115.0% during the first quarter. Pacifica Partners Inc. now owns 215 shares of the company’s stock valued at $35,000 after purchasing an additional 115 shares in the last quarter. Finally, Redmont Wealth Advisors LLC bought a new stake in Philip Morris International in the first quarter worth $35,000. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Down 0.2%

Shares of Philip Morris International stock opened at $184.54 on Wednesday. The stock has a 50 day moving average of $174.86 and a 200 day moving average of $151.88. Philip Morris International Inc. has a 12 month low of $100.80 and a 12 month high of $186.69. The firm has a market cap of $287.24 billion, a PE ratio of 38.05, a PEG ratio of 2.68 and a beta of 0.52.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.08. Philip Morris International had a negative return on equity of 122.40% and a net margin of 8.43%. The company had revenue of $9.30 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same period in the prior year, the company earned $1.50 earnings per share. The firm’s revenue was up 5.8% on a year-over-year basis. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be given a dividend of $1.35 per share. The ex-dividend date is Friday, June 27th. This represents a $5.40 dividend on an annualized basis and a yield of 2.93%. Philip Morris International’s dividend payout ratio (DPR) is presently 111.34%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. UBS Group upgraded Philip Morris International from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $130.00 to $170.00 in a research note on Friday, April 25th. Morgan Stanley reiterated an “overweight” rating and set a $182.00 price objective (up previously from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Needham & Company LLC began coverage on Philip Morris International in a research report on Thursday, May 22nd. They set a “buy” rating for the company. Citigroup upped their price objective on Philip Morris International from $163.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, April 16th. Finally, Wall Street Zen upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research report on Saturday. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $176.80.

About Philip Morris International

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.