one8zero8 LLC acquired a new stake in Philip Morris International Inc. (NYSE:PM – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 25,802 shares of the company’s stock, valued at approximately $4,668,000. Philip Morris International makes up about 0.9% of one8zero8 LLC’s investment portfolio, making the stock its 28th largest position.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. 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 worth $244,000 after acquiring an additional 54 shares during the last quarter. Douglass Winthrop Advisors LLC raised its holdings in Philip Morris International by 0.3% in the 4th quarter. Douglass Winthrop Advisors LLC now owns 18,344 shares of the company’s stock valued at $2,942,000 after acquiring an additional 56 shares during the last quarter. Outlook Wealth Advisors LLC lifted its stake in Philip Morris International by 4.6% in the 4th quarter. Outlook Wealth Advisors LLC now owns 1,320 shares of the company’s stock worth $212,000 after purchasing an additional 58 shares in the last quarter. Platt Wealth Management LLC lifted its stake in Philip Morris International by 2.1% in the 2nd quarter. Platt Wealth Management LLC now owns 2,833 shares of the company’s stock worth $512,000 after purchasing an additional 58 shares in the last quarter. Finally, Aristotle Capital Management LLC boosted its holdings in shares of Philip Morris International by 4.4% during the 4th quarter. Aristotle Capital Management LLC now owns 1,384 shares of the company’s stock worth $222,000 after purchasing an additional 58 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.
Philip Morris International Price Performance
NYSE PM opened at $190.02 on Thursday. The company has a market cap of $296.16 billion, a P/E ratio of 27.30, a P/E/G ratio of 2.27 and a beta of 0.38. The stock has a 50-day moving average of $185.74 and a two-hundred day moving average of $178.21. Philip Morris International Inc. has a 1-year low of $142.11 and a 1-year high of $207.76.
Philip Morris International Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Thursday, June 25th were given a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Thursday, June 25th. Philip Morris International’s dividend payout ratio (DPR) is 84.48%.
Analysts Set New Price Targets
PM has been the topic of a number of recent research reports. UBS Group boosted their price objective on Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a research note on Thursday, July 2nd. Stifel Nicolaus lifted their price target on Philip Morris International from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Needham & Company LLC boosted their price target on shares of Philip Morris International from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Morgan Stanley upped their price objective on shares of Philip Morris International from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Finally, Bank of America restated a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.89.
Check Out Our Latest Stock Report on Philip Morris International
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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