Aigen Investment Management LP Invests $253,000 in Philip Morris International Inc. $PM

Key Points

• Aigen Investment Management LP has acquired a new stake in Philip Morris International Inc., purchasing 1,594 shares valued at approximately $253,000.
• Philip Morris International recently reported an earnings per share (EPS) of $1.91, surpassing expectations and reflecting a 7.1% year-over-year revenue growth, despite a net margin of only 9.03%.
• The company announced a quarterly dividend of $1.35 per share, with a dividend yield of 3.2% and a payout ratio of 102.66%.

Aigen Investment Management LP bought a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,594 shares of the company's stock, valued at approximately $253,000.

Several other large investors have also recently added to or reduced their stakes in PM. Cooper Financial Group grew its position in shares of Philip Morris International by 29.4% in the 1st quarter. Cooper Financial Group now owns 10,403 shares of the company's stock valued at $1,651,000 after buying an additional 2,361 shares during the last quarter. Pandora Wealth Inc. purchased a new stake in shares of Philip Morris International in the first quarter valued at about $42,000. Fiduciary Family Office LLC purchased a new stake in shares of Philip Morris International in the first quarter valued at about $3,601,000. True North Advisors LLC boosted its holdings in shares of Philip Morris International by 22.2% in the first quarter. True North Advisors LLC now owns 2,754 shares of the company's stock valued at $437,000 after acquiring an additional 501 shares in the last quarter. Finally, Benjamin Edwards Inc. boosted its holdings in shares of Philip Morris International by 7.6% in the first quarter. Benjamin Edwards Inc. now owns 47,106 shares of the company's stock valued at $7,477,000 after acquiring an additional 3,330 shares in the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Trading Up 0.3%

NYSE PM traded up $0.46 during trading hours on Monday, reaching $166.65. 1,983,842 shares of the company traded hands, compared to its average volume of 6,053,698. 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 capitalization of $259.41 billion, a PE ratio of 31.68, a PEG ratio of 2.42 and a beta of 0.48. The company has a 50 day moving average of $174.84 and a two-hundred day moving average of $165.04.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share for the quarter, beating analysts' consensus estimates of $1.86 by $0.05. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%. The business had revenue of $10.14 billion during the quarter, compared to the consensus estimate of $10.33 billion. During the same period in the previous year, the business earned $1.59 EPS. The business's quarterly revenue was up 7.1% on a year-over-year basis. On average, equities research analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th were given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Friday, June 27th. Philip Morris International's dividend payout ratio (DPR) is presently 102.66%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on PM. Barclays reduced their price objective on shares of Philip Morris International from $225.00 to $220.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. Wall Street Zen cut Philip Morris International from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Stifel Nicolaus lifted 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. Morgan Stanley reissued an "overweight" rating and issued a $182.00 price objective (up previously from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Finally, Citigroup reaffirmed an "overweight" rating on shares of Philip Morris International in a research report on Tuesday, July 22nd. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $186.27.

About Philip Morris International

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.