Uhlmann Price Securities LLC increased its position in Philip Morris International Inc. (NYSE:PM – Free Report) by 351.0% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 5,642 shares of the company’s stock after purchasing an additional 4,391 shares during the quarter. Uhlmann Price Securities LLC’s holdings in Philip Morris International were worth $925,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Diversified Trust Co raised its stake in Philip Morris International by 31.9% during the 1st quarter. Diversified Trust Co now owns 73,044 shares of the company’s stock worth $12,077,000 after buying an additional 17,663 shares during the period. Baron Wealth Management LLC acquired a new stake in Philip Morris International in the first quarter valued at approximately $217,000. Nations Financial Group Inc. IA ADV grew its stake in Philip Morris International by 134.6% in the first quarter. Nations Financial Group Inc. IA ADV now owns 5,945 shares of the company’s stock valued at $983,000 after acquiring an additional 3,411 shares during the period. Physicians Financial Services Inc. increased its holdings in shares of Philip Morris International by 2.3% during the first quarter. Physicians Financial Services Inc. now owns 8,171 shares of the company’s stock valued at $1,351,000 after acquiring an additional 180 shares in the last quarter. Finally, Brady Martz Wealth Solutions LLC bought a new stake in shares of Philip Morris International during the first quarter valued at approximately $491,000. 78.63% of the stock is owned by institutional investors.
Philip Morris International Stock Up 0.2%
PM stock opened at $178.68 on Friday. The firm has a market capitalization of $278.48 billion, a PE ratio of 25.13, a P/E/G ratio of 2.06 and a beta of 0.38. Philip Morris International Inc. has a twelve month low of $142.11 and a twelve month high of $193.05. The stock’s 50 day moving average is $174.79 and its 200-day moving average is $170.67.
Philip Morris International Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Thursday, June 25th will be paid a $1.47 dividend. The ex-dividend date 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 is presently 82.70%.
Analyst Upgrades and Downgrades
PM has been the topic of a number of research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, May 20th. Barclays restated an “overweight” rating and set a $205.00 price target on shares of Philip Morris International in a research note on Monday, February 23rd. Needham & Company LLC restated a “buy” rating and set a $200.00 price objective on shares of Philip Morris International in a report on Thursday, April 23rd. Stifel Nicolaus dropped their price objective on shares of Philip Morris International from $200.00 to $195.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Finally, UBS Group reduced their price objective on shares of Philip Morris International from $181.50 to $168.00 and set a “neutral” rating for the company in a report on Friday, April 17th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Philip Morris International currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.88.
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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