MAS Advisors LLC grew its stake in shares of Philip Morris International Inc. (NYSE:PM – Free Report) by 2.7% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 2,534 shares of the company’s stock after buying an additional 67 shares during the period. MAS Advisors LLC’s holdings in Philip Morris International were worth $462,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. Abound Wealth Management increased its position in shares of Philip Morris International by 566.7% during the second quarter. Abound Wealth Management now owns 160 shares of the company’s stock valued at $29,000 after purchasing an additional 136 shares during the period. Kelly Lawrence W & Associates Inc. CA bought a new position in shares of Philip Morris International during the 1st quarter worth about $30,000. CBIZ Investment Advisory Services LLC boosted its position in shares of Philip Morris International by 405.0% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company’s stock valued at $32,000 after acquiring an additional 162 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new position in Philip Morris International in the first quarter worth about $34,000. Finally, Redmont Wealth Advisors LLC acquired a new position in Philip Morris International in the first quarter worth about $35,000. 78.63% of the stock is owned by institutional investors and hedge funds.
Philip Morris International Stock Performance
Shares of NYSE:PM opened at $153.09 on Monday. The business has a fifty day moving average of $164.82 and a 200-day moving average of $168.76. Philip Morris International Inc. has a twelve month low of $116.12 and a twelve month high of $186.69. The firm has a market cap of $238.30 billion, a PE ratio of 29.10, a price-to-earnings-growth ratio of 2.22 and a beta of 0.46.
Philip Morris International Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Friday, October 3rd will be issued a $1.47 dividend. This is an increase from Philip Morris International’s previous quarterly dividend of $1.35. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, October 3rd. Philip Morris International’s dividend payout ratio (DPR) is 111.79%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their price objective on Philip Morris International from $175.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. Jefferies Financial Group initiated coverage on Philip Morris International in a research report on Wednesday, July 9th. They issued a “buy” rating and a $220.00 price target on the stock. KGI Securities assumed coverage on Philip Morris International in a research note on Monday, August 4th. They set an “outperform” rating for the company. Wall Street Zen downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $195.00 target price on shares of Philip Morris International in a research report on Wednesday, July 23rd. Eleven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $195.44.
Read Our Latest Research Report on PM
About Philip Morris International
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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