Bluesphere Advisors LLC raised its holdings in shares of Philip Morris International Inc. (NYSE:PM – Free Report) by 11.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 17,270 shares of the company’s stock after acquiring an additional 1,761 shares during the period. Philip Morris International makes up 1.6% of Bluesphere Advisors LLC’s holdings, making the stock its 12th largest position. Bluesphere Advisors LLC’s holdings in Philip Morris International were worth $3,145,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC increased its position in shares of Philip Morris International by 31.1% in the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock valued at $1,027,000 after buying an additional 2,023 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of Philip Morris International by 4.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock valued at $252,000 after buying an additional 91 shares in the last quarter. Mirador Capital Partners LP bought a new stake in shares of Philip Morris International in the 1st quarter valued at $222,000. 180 Wealth Advisors LLC bought a new stake in shares of Philip Morris International in the 1st quarter valued at $643,000. Finally, Baker Tilly Wealth Management LLC increased its position in shares of Philip Morris International by 5.9% in the 1st quarter. Baker Tilly Wealth Management LLC now owns 4,055 shares of the company’s stock valued at $644,000 after buying an additional 225 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.
Philip Morris International Trading Down 1.2%
PM stock opened at $162.84 on Tuesday. The stock has a 50-day moving average price of $165.19 and a two-hundred day moving average price of $168.63. The stock has a market cap of $253.48 billion, a PE ratio of 30.96, a price-to-earnings-growth ratio of 2.38 and a beta of 0.49. Philip Morris International Inc. has a 1 year low of $116.12 and a 1 year high of $186.69.
Philip Morris International Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Friday, October 3rd will be paid a dividend of $1.47 per share. The ex-dividend date is Friday, October 3rd. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.6%. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.35. Philip Morris International’s dividend payout ratio (DPR) is currently 102.66%.
Analysts Set New Price Targets
A number of research firms recently commented on PM. Jefferies Financial Group began coverage on shares of Philip Morris International in a research report on Wednesday, July 9th. They issued a “buy” rating and a $220.00 price objective for the company. Wall Street Zen cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Citigroup restated a “buy” rating on shares of Philip Morris International in a research report on Thursday, September 4th. JPMorgan Chase & Co. upped their price objective on shares of Philip Morris International from $175.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. Finally, UBS Group lowered their target price on Philip Morris International from $177.00 to $166.00 and set a “neutral” rating for the company in a report on Friday, September 5th. Eleven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $189.40.
Check Out Our Latest Analysis on Philip Morris International
Philip Morris International Company Profile
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.
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