Winthrop Partners WNY LLC acquired a new stake in shares of Philip Morris International Inc. (NYSE:PM – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,275 shares of the company’s stock, valued at approximately $686,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Meadowbrook Advisors Group LLC purchased a new position in shares of Philip Morris International during the fourth quarter valued at approximately $484,000. Corient Private Wealth LLC raised its position in Philip Morris International by 4.1% in the 4th quarter. Corient Private Wealth LLC now owns 541,896 shares of the company’s stock valued at $86,989,000 after buying an additional 21,498 shares during the last quarter. Union Savings Bank purchased a new stake in Philip Morris International in the 4th quarter valued at $172,000. Hsbc Holdings PLC lifted its stake in Philip Morris International by 0.6% during the 4th quarter. Hsbc Holdings PLC now owns 2,827,513 shares of the company’s stock valued at $453,990,000 after acquiring an additional 17,191 shares in the last quarter. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in Philip Morris International during the 4th quarter valued at $40,000. Institutional investors own 78.63% of the company’s stock.
Philip Morris International Stock Performance
Shares of Philip Morris International stock opened at $178.68 on Friday. The stock has a market capitalization of $278.48 billion, a P/E ratio of 25.13, a P/E/G ratio of 2.06 and a beta of 0.38. Philip Morris International Inc. has a 52-week low of $142.11 and a 52-week high of $193.05. The stock’s 50-day simple moving average is $174.79 and its 200 day simple moving average is $170.67.
Philip Morris International Announces Dividend
The firm also recently declared 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 annualized dividend and a dividend yield of 3.3%. Philip Morris International’s dividend payout ratio (DPR) is presently 82.70%.
Wall Street Analyst Weigh In
Several brokerages have recently commented on PM. Bank of America reiterated a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, May 20th. Barclays reaffirmed an “overweight” rating and issued a $205.00 price objective on shares of Philip Morris International in a research report on Monday, February 23rd. Morgan Stanley increased their price objective on shares of Philip Morris International from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, June 3rd. Finally, Stifel Nicolaus dropped their target price on shares of 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. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Philip Morris International presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.88.
View Our Latest Research Report 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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