On March 30, 2023 at 10:23:48 ET an unusually large
$960.00K block of Put contracts in Philip Morris International
(PM) was sold,
with a strike price of $97.50 / share, expiring in 78 days (on June 16, 2023).
Fintel tracks all large options trades, and the premium spent on this trade was 6.77 sigmas above the mean, placing it in the 100.00 percentile of all recent large trades made in PM options.
This trade was first picked up on Fintel’s real time Unusual Option Trades
tool, where unusual option trades are highlighted.
Analyst Price Forecast Suggests 22.09% Upside
As of March 30, 2023,
the average one-year price target for Philip Morris International is $115.64.
The forecasts range from a low of $90.90 to a high of $136.50.
The average price target represents an increase of 22.09% from its latest reported closing price of $94.72.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Philip Morris International
is $32,284MM, an increase of 1.64%.
The projected annual non-GAAP EPS
is $5.78.
What is the Fund Sentiment?
There are 3169 funds or institutions reporting positions in Philip Morris International.
This is an increase
of
105
owner(s) or 3.43% in the last quarter.
Average portfolio weight of all funds dedicated to PM is 0.55%,
a decrease
of 1.46%.
Total shares owned by institutions increased
in the last three months by 2.61% to 1,503,039K shares.
The put/call ratio of PM is 0.88, indicating a
bullish
outlook.
What are Large Shareholders Doing?
Capital International Investors
holds 100,605K shares
representing 6.48% ownership of the company.
In it’s prior filing, the firm reported owning 82,685K shares, representing
an increase
of 17.81%.
The firm
increased
its portfolio allocation in PM by 36.48% over the last quarter.
Capital World Investors
holds 99,684K shares
representing 6.42% ownership of the company.
In it’s prior filing, the firm reported owning 84,894K shares, representing
an increase
of 14.84%.
The firm
increased
its portfolio allocation in PM by 35.93% over the last quarter.
Capital Research Global Investors
holds 54,957K shares
representing 3.54% ownership of the company.
In it’s prior filing, the firm reported owning 63,077K shares, representing
a decrease
of 14.78%.
The firm
decreased
its portfolio allocation in PM by 2.28% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 47,124K shares
representing 3.04% ownership of the company.
In it’s prior filing, the firm reported owning 46,239K shares, representing
an increase
of 1.88%.
The firm
increased
its portfolio allocation in PM by 14.75% over the last quarter.
ABALX – AMERICAN BALANCED FUND
holds 40,650K shares
representing 2.62% ownership of the company.
In it’s prior filing, the firm reported owning 39,973K shares, representing
an increase
of 1.66%.
The firm
increased
its portfolio allocation in PM by 16.15% over the last quarter.
Philip Morris International Declares $1.27 Dividend
On March 9, 2023 the company declared a regular
quarterly dividend of $1.27 per share ($5.08 annualized).
Shareholders of record as of March 23, 2023
will receive the payment on April 11, 2023.
Previously, the company paid $1.27 per share.
At the current share price of $94.72 / share,
the stock’s dividend yield is 5.36%.
Looking back five years and taking a sample every week, the average dividend yield has been
5.52%,
the lowest has been 4.16%,
and the highest has been 7.80%.
The standard deviation of yields is 0.55 (n=236).
The current dividend yield is
0.28 standard deviations
below
the historical average.
Additionally, the company’s dividend payout ratio is 0.87.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 0.09%,
demonstrating that it has increased its dividend over time.
Philip Morris International Background Information
(This description is provided by the company.)
Philip Morris International is a leading international tobacco company,
with a diverse workforce of around 73,500 people who hail from every corner of the globe.
Philip Morris International is committed to being a great employer. We strive to be environmentally and socially responsible. We are dedicated to fighting the illegal cigarette trade. We proudly support the communities where we source tobacco and where our employees live and work.
Philip Morris International is dedicated to doing something very dramatic—we want to replace cigarettes with smoke-free products as fast as possible.
That’s why Philip Morris International has more than 430 scientists, engineers, and technicians developing less-harmful alternatives to cigarettes at our two research facilities in Switzerland and Singapore.
It’s the biggest shift in our history. And it’s the right one for our consumers, our company, our shareholders, and society.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
