Hamilton Point Investment Advisors LLC Has $526,000 Stock Position in Philip Morris International Inc. (NYSE:PM)

Hamilton Point Investment Advisors LLC boosted its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 2.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,319 shares of the company’s stock after buying an additional 114 shares during the period. Hamilton Point Investment Advisors LLC’s holdings in Philip Morris International were worth $526,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of PM. Valley Wealth Managers Inc. increased its position in Philip Morris International by 457.5% in the 3rd quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock worth $27,000 after purchasing an additional 183 shares during the last quarter. Dunhill Financial LLC increased its position in Philip Morris International by 203.8% in the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock worth $29,000 after purchasing an additional 161 shares during the last quarter. Concord Wealth Partners increased its position in Philip Morris International by 2,709.1% in the 3rd quarter. Concord Wealth Partners now owns 309 shares of the company’s stock worth $38,000 after purchasing an additional 298 shares during the last quarter. Asset Dedication LLC increased its position in Philip Morris International by 55.5% in the 4th quarter. Asset Dedication LLC now owns 412 shares of the company’s stock worth $50,000 after purchasing an additional 147 shares during the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in Philip Morris International in the 3rd quarter worth about $54,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Stock Up 0.6 %

Philip Morris International stock opened at $130.32 on Friday. Philip Morris International Inc. has a 12 month low of $87.82 and a 12 month high of $134.15. The business has a 50 day moving average price of $125.22 and a two-hundred day moving average price of $122.69. The stock has a market cap of $202.63 billion, a price-to-earnings ratio of 20.69, a price-to-earnings-growth ratio of 2.29 and a beta of 0.54.

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were issued a $1.35 dividend. The ex-dividend date was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.14%. Philip Morris International’s payout ratio is presently 85.71%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Citigroup upped their price target on Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Morgan Stanley assumed coverage on Philip Morris International in a research note on Thursday, January 16th. They set an “overweight” rating and a $140.00 price target for the company. UBS Group upped their price target on Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a research note on Wednesday, October 23rd. Stifel Nicolaus reiterated a “buy” rating and set a $145.00 price target (up previously from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. Finally, Barclays decreased their price target on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $131.35.

About Philip Morris International

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.