RFG Advisory LLC grew its position in Philip Morris International Inc. (NYSE:PM) by 16.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,329 shares of the company’s stock after purchasing an additional 757 shares during the period. RFG Advisory LLC’s holdings in Philip Morris International were worth $453,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Strategic Blueprint LLC acquired a new position in shares of Philip Morris International during the 3rd quarter valued at about $30,000. River & Mercantile Asset Management LLP acquired a new position in shares of Philip Morris International during the 2nd quarter valued at about $32,000. NewSquare Capital LLC increased its holdings in shares of Philip Morris International by 205.2% during the 4th quarter. NewSquare Capital LLC now owns 409 shares of the company’s stock valued at $35,000 after acquiring an additional 275 shares during the last quarter. Prestige Wealth Management Group LLC acquired a new position in shares of Philip Morris International during the 2nd quarter valued at about $38,000. Finally, Northwest Investment Counselors LLC acquired a new position in shares of Philip Morris International during the 3rd quarter valued at about $37,000. 73.05% of the stock is currently owned by institutional investors.

Shares of PM stock opened at $87.08 on Friday. Philip Morris International Inc. has a 12 month low of $69.27 and a 12 month high of $92.74. The stock has a 50 day moving average of $86.09 and a two-hundred day moving average of $81.70. The company has a market capitalization of $138.44 billion, a P/E ratio of 18.10, a P/E/G ratio of 2.09 and a beta of 1.00.

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 19th were issued a $1.17 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $4.68 dividend on an annualized basis and a dividend yield of 5.37%. Philip Morris International’s payout ratio is presently 91.76%.

PM has been the topic of a number of analyst reports. Citigroup lowered Philip Morris International from a “buy” rating to a “neutral” rating and set a $90.00 price objective on the stock. in a report on Monday, December 2nd. Piper Jaffray Companies restated an “overweight” rating on shares of Philip Morris International in a research note on Wednesday, January 8th. Piper Sandler increased their target price on Philip Morris International from $105.00 to $114.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. Morgan Stanley increased their target price on Philip Morris International from $92.00 to $99.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Finally, Stifel Nicolaus restated a “buy” rating on shares of Philip Morris International in a research note on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $95.17.

About Philip Morris International

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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