Gladstone Capital Management LLP lowered its holdings in shares of Philip Morris International Inc. (NYSE:PM – Free Report) by 49.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 407,642 shares of the company’s stock after selling 406,531 shares during the period. Philip Morris International comprises about 6.8% of Gladstone Capital Management LLP’s investment portfolio, making the stock its 8th biggest position. Gladstone Capital Management LLP’s holdings in Philip Morris International were worth $65,386,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the business. Resurgent Financial Advisors LLC boosted its position in Philip Morris International by 3.7% during the fourth quarter. Resurgent Financial Advisors LLC now owns 1,523 shares of the company’s stock valued at $244,000 after buying an additional 54 shares during the period. Douglass Winthrop Advisors LLC increased its holdings in shares of Philip Morris International by 0.3% in the fourth quarter. Douglass Winthrop Advisors LLC now owns 18,344 shares of the company’s stock worth $2,942,000 after buying an additional 56 shares during the period. Outlook Wealth Advisors LLC lifted its stake in shares of Philip Morris International by 4.6% in the 4th quarter. Outlook Wealth Advisors LLC now owns 1,320 shares of the company’s stock valued at $212,000 after acquiring an additional 58 shares during the last quarter. Tranquility Partners LLC lifted its stake in shares of Philip Morris International by 2.4% in the 4th 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 last quarter. Finally, Stonebridge Financial Group LLC boosted its holdings in Philip Morris International by 2.2% during the 4th 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. Hedge funds and other institutional investors own 78.63% of the company’s stock.
Philip Morris International Price Performance
Shares of Philip Morris International stock opened at $184.32 on Wednesday. The stock has a market cap of $287.27 billion, a price-to-earnings ratio of 25.92, a PEG ratio of 2.10 and a beta of 0.38. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $193.05. The firm’s 50-day moving average is $173.62 and its 200 day moving average is $170.30.
Philip Morris International Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Thursday, June 25th will be issued a $1.47 dividend. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.2%. Philip Morris International’s dividend payout ratio (DPR) is presently 82.70%.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the company. Stifel Nicolaus reduced their price target on Philip Morris International from $200.00 to $195.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Bank of America reissued a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Morgan Stanley lifted their target price on shares of Philip Morris International from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 3rd. UBS Group dropped their price target on shares of 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. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, May 20th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.88.
Check Out Our Latest Stock Analysis on Philip Morris International
Philip Morris International Company 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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