Vantus Wealth LLC acquired a new stake in Philip Morris International Inc. (NYSE:PM – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,474 shares of the company’s stock, valued at approximately $718,000.
Several other hedge funds also recently modified their holdings of the business. Tranquility Partners LLC boosted its position in shares of Philip Morris International by 2.4% in the fourth quarter. Tranquility Partners LLC now owns 2,489 shares of the company’s stock valued at $399,000 after acquiring an additional 59 shares during the period. Stonebridge Financial Group LLC boosted its position in shares of Philip Morris International by 2.2% in the fourth quarter. Stonebridge Financial Group LLC now owns 2,763 shares of the company’s stock valued at $443,000 after acquiring an additional 60 shares during the period. Capital Advisors Wealth Management LLC boosted its position in shares of Philip Morris International by 1.8% in the fourth quarter. Capital Advisors Wealth Management LLC now owns 3,372 shares of the company’s stock valued at $541,000 after acquiring an additional 61 shares during the period. CFO4Life Group LLC boosted its position in shares of Philip Morris International by 1.5% in the fourth quarter. CFO4Life Group LLC now owns 4,212 shares of the company’s stock valued at $676,000 after acquiring an additional 61 shares during the period. Finally, Townsend Asset Management Corp NC ADV boosted its position in shares of Philip Morris International by 2.4% in the fourth quarter. Townsend Asset Management Corp NC ADV now owns 2,662 shares of the company’s stock valued at $427,000 after acquiring an additional 62 shares during the period. 78.63% of the stock is owned by institutional investors.
Philip Morris International Trading Down 2.8%
Philip Morris International stock opened at $172.45 on Tuesday. The firm has a market capitalization of $268.77 billion, a P/E ratio of 24.25, a PEG ratio of 2.04 and a beta of 0.37. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $193.05. The business has a 50-day moving average of $169.88 and a 200-day moving average of $168.43.
Philip Morris International Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, April 13th. Stockholders of record on Thursday, March 19th were given a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Thursday, March 19th. Philip Morris International’s payout ratio is presently 82.70%.
Analyst Ratings Changes
Several research analysts recently commented on the company. UBS Group reduced their target price on Philip Morris International from $181.50 to $168.00 and set a “neutral” rating for the company in a research report on Friday, April 17th. Barclays reaffirmed an “overweight” rating and issued a $205.00 target price on shares of Philip Morris International in a research report on Monday, February 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, May 20th. Needham & Company LLC reaffirmed a “buy” rating and issued a $200.00 target price on shares of Philip Morris International in a research report on Thursday, April 23rd. Finally, Citigroup raised their target price on Philip Morris International from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Philip Morris International has an average rating of “Moderate Buy” and a consensus target price of $192.56.
Check Out Our Latest Stock Report on PM
Philip Morris International Profile
Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.
PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.
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