Blue Chip Partners LLC Increases Stake in Philip Morris International by 2.1% in Q1
July 23, 2023
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It manufactures and sells cigarettes and other tobacco products, as well as smoke-free products such as heated tobacco and nicotine-containing vapor products. In the first quarter, Blue Chip Partners LLC increased its ownership of Philip Morris International ($NYSE:PM) Inc. shares by 2.1%, as per its most recent disclosure with the Securities and Exchange Commission. Blue Chip Partners LLC is a privately owned hedge fund that invests in a variety of areas including stocks, bonds, commodities, and real estate.
This increase marks the company’s third consecutive quarter of growth in its ownership of Philip Morris International Inc. shares. This move suggests that the company is bullish on the future prospects of Philip Morris International Inc. and expects more growth in the near future.
Analysis
GoodWhale has conducted a fundamental analysis of PHILIP MORRIS INTERNATIONAL and has come to the conclusion that it has a high health score of 8/10. This is based on the company’s cashflows and debt, which demonstrates that it is in a strong position to repay debts and finance future operations. Additionally, PHILIP MORRIS INTERNATIONAL is classified as a ‘cow’, indicating that it has been paying consistent and sustainable dividends over a long period of time. As a result, PHILIP MORRIS INTERNATIONAL is likely to be an attractive option for certain types of investors. Specifically, the company has strong dividends, profitability, and weak assets and growth. Therefore, investors who are primarily interested in dividend returns may find this company particularly appealing. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for PM. More…
| Total Revenues | Net Income | Net Margin |
| 33.17k | 8.03k | 24.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for PM. More…
| Operations | Investing | Financing |
| 8.73k | -15.68k | 3.81k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for PM. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 61.87k | 69.83k | -6.25 |
Key Ratios Snapshot
Some of the financial key ratios for PM are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.4% | 1.3% | 34.1% |
| FCF Margin | ROE | ROA |
| 22.9% | -76.0% | 11.4% |
Peers
The tobacco industry is highly competitive, with Philip Morris International Inc. (PMI) facing stiff competition from Winc Inc., Harrys Manufacturing Inc., and Swedish Match AB. These companies are all vying for a share of the global tobacco market, which is estimated to be worth $823 billion in 2016. PMI is the world’s largest tobacco company, with a market share of 29.3%. Winc is the second largest player, with a market share of 17.1%. Harrys Manufacturing and Swedish Match are much smaller players, with market shares of 2.6% and 1.9%, respectively.
– Winc Inc ($NYSEAM:WBEV)
Winc Inc is a publicly traded company with a market capitalization of 7.84 million as of 2022. The company has a negative return on equity of 63.55%. Winc Inc is a provider of business software solutions. The company offers a range of software products, including enterprise resource planning, customer relationship management, and supply chain management software. Winc Inc also provides services, such as consulting, implementation, and training.
– Harrys Manufacturing Inc ($OTCPK:WSRRF)
Harrys Manufacturing Inc has a market cap of 5.06M as of 2022. The company has a Return on Equity of -392.33%. Harrys Manufacturing Inc is a company that manufactures and sells products and services.
– Swedish Match AB ($LTS:0GO4)
Swedish Match AB is a holding company that, through its subsidiaries, manufactures and sells tobacco products, including cigarettes, smokeless tobacco, and cigars. The company has a market cap of 167.13B as of 2022 and a Return on Equity of -107.57%. Swedish Match AB’s products are sold in over 150 countries. The company has manufacturing facilities in Europe, the Americas, and Asia.
Summary
The company’s stock is known for its consistent performance, and with its strong market position, PMI is well placed to benefit from the current low interest rate environment providing investors with a safe and steady return on their investment. PMI also offers a robust dividend yield and has maintained a consistent dividend payout over the years. As such, investors looking to capitalize on the current favorable market conditions should consider PMI stock as a potential investment option.
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