Philip Morris International Inc. (NYSE:PM) Stock Holdings Increased by Zweig DiMenna Associates LLC

Zweig DiMenna Associates LLC lifted its stake in Philip Morris International Inc. (NYSE:PM) by 3.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 156,579 shares of the company’s stock after purchasing an additional 5,600 shares during the quarter. Philip Morris International accounts for 1.4% of Zweig DiMenna Associates LLC’s portfolio, making the stock its 19th largest position. Zweig DiMenna Associates LLC’s holdings in Philip Morris International were worth $18,844,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. 49 Wealth Management LLC raised its position in shares of Philip Morris International by 3.6% in the third quarter. 49 Wealth Management LLC now owns 2,432 shares of the company’s stock valued at $295,000 after purchasing an additional 84 shares during the period. Woodmont Investment Counsel LLC raised its position in shares of Philip Morris International by 1.6% in the third quarter. Woodmont Investment Counsel LLC now owns 5,452 shares of the company’s stock valued at $662,000 after purchasing an additional 86 shares during the period. YHB Investment Advisors Inc. raised its position in shares of Philip Morris International by 4.2% in the third quarter. YHB Investment Advisors Inc. now owns 2,158 shares of the company’s stock valued at $262,000 after purchasing an additional 87 shares during the period. Cypress Wealth Services LLC raised its position in shares of Philip Morris International by 1.3% in the third quarter. Cypress Wealth Services LLC now owns 6,748 shares of the company’s stock valued at $819,000 after purchasing an additional 89 shares during the period. Finally, Luts & Greenleigh Group Inc. raised its position in shares of Philip Morris International by 1.1% in the third quarter. Luts & Greenleigh Group Inc. now owns 8,448 shares of the company’s stock valued at $1,026,000 after purchasing an additional 89 shares during the period. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Stock Performance

Shares of NYSE:PM opened at $126.48 on Friday. The company’s fifty day moving average is $125.38 and its 200-day moving average is $121.77. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $134.15. The company has a market capitalization of $196.66 billion, a PE ratio of 20.09, a P/E/G ratio of 2.01 and a beta of 0.54.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.09. The firm had revenue of $9.91 billion during the quarter, compared to analysts’ expectations of $9.68 billion. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.67 EPS. On average, analysts forecast that Philip Morris International Inc. will post 6.5 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors 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 annualized dividend and a dividend yield of 4.27%. Philip Morris International’s dividend payout ratio is presently 85.71%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Morgan Stanley started coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price target on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Philip Morris International from $118.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Barclays lowered their price objective on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Stifel Nicolaus restated a “buy” rating and issued a $145.00 price objective (up previously from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. Finally, Citigroup raised their price objective on shares of Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $131.35.

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.