657,030 Shares in Philip Morris International Inc. (NYSE:PM) Acquired by Holocene Advisors LP

Holocene Advisors LP purchased a new stake in Philip Morris International Inc. (NYSE:PM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 657,030 shares of the company’s stock, valued at approximately $79,763,000.

A number of other large investors have also modified their holdings of the stock. Garden State Investment Advisory Services LLC acquired a new position in Philip Morris International during the 3rd quarter worth approximately $384,000. Centiva Capital LP grew its stake in shares of Philip Morris International by 111.5% during the third quarter. Centiva Capital LP now owns 25,026 shares of the company’s stock worth $3,038,000 after purchasing an additional 13,193 shares in the last quarter. Coastwise Capital Group LLC increased its holdings in Philip Morris International by 3.4% in the third quarter. Coastwise Capital Group LLC now owns 4,129 shares of the company’s stock valued at $501,000 after buying an additional 137 shares during the last quarter. Benjamin Edwards Inc. raised its stake in Philip Morris International by 337.3% in the third quarter. Benjamin Edwards Inc. now owns 44,814 shares of the company’s stock valued at $5,441,000 after buying an additional 34,565 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Philip Morris International during the 3rd quarter worth about $1,569,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PM. Bank of America boosted their price target on shares of Philip Morris International from $125.00 to $139.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. JPMorgan Chase & Co. raised their price target on Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. UBS Group boosted their price target on shares of Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised their target price on Philip Morris International from $118.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Finally, Barclays increased their price target on shares of Philip Morris International from $145.00 to $155.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Philip Morris International presently has an average rating of “Moderate Buy” and an average price target of $131.50.

Philip Morris International Stock Performance

Shares of PM opened at $133.02 on Monday. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $134.15. The company’s 50 day simple moving average is $125.74 and its 200 day simple moving average is $115.99. The company has a market capitalization of $206.82 billion, a price-to-earnings ratio of 21.12, a PEG ratio of 2.33 and a beta of 0.54.

Philip Morris International (NYSE:PM) last issued its earnings results on Tuesday, October 22nd. The company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.09. The business had revenue of $9.91 billion for the quarter, compared to the consensus estimate of $9.68 billion. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.67 EPS. Equities analysts expect that Philip Morris International Inc. will post 6.51 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Thursday, September 26th were paid a dividend of $1.35 per share. This is an increase from Philip Morris International’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $5.40 annualized dividend and a yield of 4.06%. Philip Morris International’s payout ratio is 85.71%.

Insiders Place Their Bets

In other news, insider Werner Barth sold 7,500 shares of Philip Morris International stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $129.98, for a total transaction of $974,850.00. Following the sale, the insider now owns 95,418 shares of the company’s stock, valued at approximately $12,402,431.64. The trade was a 7.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Andre Calantzopoulos sold 101,918 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $129.85, for a total value of $13,234,052.30. Following the transaction, the chairman now owns 959,761 shares of the company’s stock, valued at approximately $124,624,965.85. This represents a 9.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

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.