XTX Topco Ltd Sells 19,557 Shares of Philip Morris International Inc. (NYSE:PM)

XTX Topco Ltd lessened its stake in Philip Morris International Inc. (NYSE:PM) by 73.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,193 shares of the company’s stock after selling 19,557 shares during the period. XTX Topco Ltd’s holdings in Philip Morris International were worth $1,142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in Philip Morris International by 31.1% during the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock worth $1,027,000 after buying an additional 2,023 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in Philip Morris International by 4.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock worth $252,000 after acquiring an additional 91 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Philip Morris International by 37.4% during the fourth quarter. American Century Companies Inc. now owns 14,425 shares of the company’s stock worth $1,736,000 after acquiring an additional 3,929 shares during the last quarter. Clearbridge Investments LLC increased its holdings in shares of Philip Morris International by 21.0% during the fourth quarter. Clearbridge Investments LLC now owns 43,316 shares of the company’s stock valued at $5,213,000 after acquiring an additional 7,529 shares in the last quarter. Finally, Westpac Banking Corp purchased a new position in shares of Philip Morris International in the 4th quarter valued at approximately $728,000. 78.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Stifel Nicolaus boosted their target price on shares of Philip Morris International from $168.00 to $186.00 and gave the stock a “buy” rating in a research report on Thursday, April 24th. Wall Street Zen upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research note on Sunday, July 20th. UBS Group upped their target price on Philip Morris International from $170.00 to $181.00 and gave the company a “neutral” rating in a research report on Monday, July 14th. Barclays reduced their target price on Philip Morris International from $225.00 to $220.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, JPMorgan Chase & Co. boosted their price target on Philip Morris International from $175.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $186.27.

Philip Morris International Stock Performance

NYSE PM opened at $162.96 on Friday. The firm has a market capitalization of $253.66 billion, a P/E ratio of 30.98, a PEG ratio of 2.39 and a beta of 0.49. The stock has a 50-day simple moving average of $177.55 and a two-hundred day simple moving average of $161.60. Philip Morris International Inc. has a fifty-two week low of $113.15 and a fifty-two week high of $186.69.

Philip Morris International (NYSE:PM) last posted its earnings results on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.86 by $0.05. The firm had revenue of $10.14 billion for the quarter, compared to analyst estimates of $10.33 billion. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%. Philip Morris International’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the company earned $1.59 earnings per share. As a group, analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 27th were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Friday, June 27th. Philip Morris International’s payout ratio is currently 102.66%.

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.