Zuckerman Investment Group LLC Purchases New Holdings in Philip Morris International Inc. (NYSE:PM)

Zuckerman Investment Group LLC purchased a new stake in Philip Morris International Inc. (NYSE:PM – Get Rating) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,020 shares of the company’s stock, valued at approximately $251,000.

Several other hedge funds have also made changes to their positions in the company. Chevy Chase Trust Holdings LLC lifted its position in shares of Philip Morris International by 0.9% in the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 953,570 shares of the company’s stock valued at $79,156,000 after acquiring an additional 8,386 shares in the last quarter. XML Financial LLC increased its stake in Philip Morris International by 11.6% in the 3rd quarter. XML Financial LLC now owns 14,808 shares of the company’s stock valued at $1,229,000 after buying an additional 1,540 shares during the period. Reuter James Wealth Management LLC increased its stake in Philip Morris International by 9.7% in the 3rd quarter. Reuter James Wealth Management LLC now owns 15,454 shares of the company’s stock valued at $1,283,000 after buying an additional 1,364 shares during the period. Vontobel Holding Ltd. increased its stake in Philip Morris International by 78.7% in the 3rd quarter. Vontobel Holding Ltd. now owns 22,268 shares of the company’s stock valued at $1,917,000 after buying an additional 9,805 shares during the period. Finally, GW Henssler & Associates Ltd. increased its stake in Philip Morris International by 3.2% in the 3rd quarter. GW Henssler & Associates Ltd. now owns 269,808 shares of the company’s stock valued at $22,397,000 after buying an additional 8,366 shares during the period. Hedge funds and other institutional investors own 75.85% of the company’s stock.

Philip Morris International Price Performance

NYSE:PM traded up $2.38 during midday trading on Wednesday, reaching $103.68. The stock had a trading volume of 3,855,845 shares, compared to its average volume of 4,144,458. Philip Morris International Inc. has a 1-year low of $82.85 and a 1-year high of $112.48. The firm’s fifty day simple moving average is $100.69 and its 200-day simple moving average is $95.68. The stock has a market capitalization of $160.72 billion, a P/E ratio of 18.06, a PEG ratio of 3.44 and a beta of 0.68.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 11th. Investors of record on Thursday, December 22nd were paid a $1.27 dividend. The ex-dividend date of this dividend was Wednesday, December 21st. This represents a $5.08 dividend on an annualized basis and a yield of 4.90%. Philip Morris International’s payout ratio is presently 90.55%.

Analyst Ratings Changes

PM has been the topic of several research reports. The Goldman Sachs Group upgraded shares of Philip Morris International from a “neutral” rating to a “buy” rating and upped their price objective for the company from $95.00 to $120.00 in a research note on Wednesday. StockNews.com lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a research note on Thursday, November 24th. Credit Suisse Group dropped their price objective on shares of Philip Morris International to $95.00 in a research note on Thursday, October 27th. Citigroup restated a “neutral” rating and set a $109.00 price target on shares of Philip Morris International in a research note on Tuesday, December 13th. Finally, Morgan Stanley increased their price target on shares of Philip Morris International from $102.00 to $109.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Philip Morris International has an average rating of “Hold” and a consensus target price of $109.42.

Philip Morris International Company Profile

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Philip Morris International, Inc is a holding company engaged in the manufacturing and sale of cigarettes, tobacco, and nicotine-containing products. Its products include cigarettes and reduced-risk products, including heat-not-burn, vapor, and oral nicotine products, which are sold in markets outside the U.S.