MGO One Seven LLC Raises Position in Philip Morris International Inc. $PM

MGO One Seven LLC increased its position in Philip Morris International Inc. (NYSE:PM) by 23.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 30,527 shares of the company’s stock after acquiring an additional 5,763 shares during the period. MGO One Seven LLC’s holdings in Philip Morris International were worth $5,560,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. Cypress Capital Group raised its stake in shares of Philip Morris International by 4.1% in the second quarter. Cypress Capital Group now owns 50,200 shares of the company’s stock worth $9,143,000 after purchasing an additional 1,956 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. raised its stake in shares of Philip Morris International by 2.2% in the second quarter. Leith Wheeler Investment Counsel Ltd. now owns 84,695 shares of the company’s stock worth $15,426,000 after purchasing an additional 1,783 shares during the last quarter. Almanack Investment Partners LLC. raised its stake in shares of Philip Morris International by 230.0% in the second quarter. Almanack Investment Partners LLC. now owns 4,897 shares of the company’s stock worth $892,000 after purchasing an additional 3,413 shares during the last quarter. Sharp Financial Services LLC raised its position in Philip Morris International by 22.4% in the 2nd quarter. Sharp Financial Services LLC now owns 2,306 shares of the company’s stock worth $420,000 after buying an additional 422 shares during the last quarter. Finally, LRI Investments LLC raised its position in Philip Morris International by 2.7% in the 2nd quarter. LRI Investments LLC now owns 8,044 shares of the company’s stock worth $1,465,000 after buying an additional 210 shares during the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Trading Up 2.3%

Shares of PM stock opened at $160.51 on Monday. Philip Morris International Inc. has a 12 month low of $116.12 and a 12 month high of $186.69. The stock has a market cap of $249.85 billion, a P/E ratio of 30.52, a P/E/G ratio of 2.34 and a beta of 0.46. The company has a 50 day simple moving average of $164.24 and a two-hundred day simple moving average of $168.87.

Philip Morris International (NYSE:PM) last announced its earnings results on Tuesday, March 28th. The company reported $1.59 EPS for the quarter. The business had revenue of $8.12 billion during the quarter. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. As a group, equities analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Friday, October 3rd will be given a $1.47 dividend. The ex-dividend date is Friday, October 3rd. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.35. This represents a $5.88 dividend on an annualized basis and a yield of 3.7%. Philip Morris International’s dividend payout ratio (DPR) is currently 111.79%.

Analyst Upgrades and Downgrades

PM has been the subject of a number of recent analyst reports. KGI Securities assumed coverage on Philip Morris International in a research report on Monday, August 4th. They issued an “outperform” rating for the company. Wall Street Zen cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, October 8th. Citigroup reiterated a “buy” rating on shares of Philip Morris International in a research note on Thursday, September 4th. Finally, UBS Group decreased their target price on shares of Philip Morris International from $177.00 to $166.00 and set a “neutral” rating for the company in a research note on Friday, September 5th. Eleven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $195.44.

Philip Morris International Company 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.