Axecap Investments LLC Acquires 10,350 Shares of Philip Morris International Inc. (NYSE:PM)

Axecap Investments LLC increased its stake in shares of Philip Morris International Inc. (NYSE:PM) by 376.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,101 shares of the company’s stock after acquiring an additional 10,350 shares during the quarter. Axecap Investments LLC’s holdings in Philip Morris International were worth $1,577,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of PM. Valley Wealth Managers Inc. grew its holdings in shares of Philip Morris International by 457.5% during the 3rd quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock worth $27,000 after purchasing an additional 183 shares in the last quarter. Dunhill Financial LLC lifted its position in Philip Morris International by 203.8% in the third quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock worth $29,000 after purchasing an additional 161 shares during the period. Concord Wealth Partners boosted its stake in Philip Morris International by 2,709.1% during the third quarter. Concord Wealth Partners now owns 309 shares of the company’s stock worth $38,000 after buying an additional 298 shares in the last quarter. Asset Dedication LLC increased its holdings in Philip Morris International by 55.5% in the 4th quarter. Asset Dedication LLC now owns 412 shares of the company’s stock valued at $50,000 after buying an additional 147 shares during the period. Finally, Darwin Wealth Management LLC acquired a new position in shares of Philip Morris International in the 3rd quarter valued at $54,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Stock Up 1.5 %

Philip Morris International stock opened at $146.58 on Tuesday. The stock has a 50-day simple moving average of $125.66 and a 200 day simple moving average of $124.06. The stock has a market capitalization of $227.91 billion, a price-to-earnings ratio of 32.50, a P/E/G ratio of 2.55 and a beta of 0.55. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $146.78.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a net margin of 9.24% and a negative return on equity of 120.08%. As a group, sell-side analysts anticipate that Philip Morris International Inc. will post 7.11 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were given a $1.35 dividend. The ex-dividend date was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a yield of 3.68%. Philip Morris International’s payout ratio is 119.73%.

Analyst Upgrades and Downgrades

PM has been the topic of several recent research reports. Barclays decreased their target price on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Stifel Nicolaus upped their price objective on Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Friday. UBS Group raised their target price on Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a research report on Friday. StockNews.com cut Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Morgan Stanley assumed coverage on Philip Morris International in a report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $134.35.

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.