Centennial Wealth Advisory LLC Boosts Stock Position in Philip Morris International Inc. (NYSE:PM)

Centennial Wealth Advisory LLC grew its stake in shares of Philip Morris International Inc. (NYSE:PM) by 3.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 4,435 shares of the company’s stock after buying an additional 164 shares during the period. Centennial Wealth Advisory LLC’s holdings in Philip Morris International were worth $534,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Valley Wealth Managers Inc. raised its stake in Philip Morris International by 457.5% during the 3rd quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock valued at $27,000 after purchasing an additional 183 shares during the period. Dunhill Financial LLC increased its stake 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 acquiring an additional 161 shares during the last quarter. Concord Wealth Partners increased its stake 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 acquiring an additional 298 shares during the last quarter. Asset Dedication LLC increased its stake 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 acquiring an additional 147 shares during the last quarter. Finally, Darwin Wealth Management LLC bought a new stake in Philip Morris International in the 3rd quarter worth approximately $54,000. Institutional investors own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. UBS Group lifted their price objective 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. Barclays reduced their price objective on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Stifel Nicolaus reiterated a “buy” rating and issued a $145.00 target price (up previously from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. Morgan Stanley assumed coverage on Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 target price for the company. Finally, JPMorgan Chase & Co. lifted their target price on Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. According to MarketBeat, Philip Morris International has an average rating of “Moderate Buy” and a consensus price target of $131.35.

Philip Morris International Stock Up 0.4 %

PM opened at $130.91 on Thursday. The business has a fifty day moving average of $125.18 and a 200 day moving average of $123.41. Philip Morris International Inc. has a 52-week low of $87.82 and a 52-week high of $134.15. The stock has a market cap of $203.54 billion, a P/E ratio of 20.78, a PEG ratio of 2.30 and a beta of 0.55.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s payout ratio is currently 85.71%.

Philip Morris International Profile

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.