Vestmark Advisory Solutions Inc. decreased its holdings in shares of Philip Morris International Inc. (NYSE:PM – Free Report) by 35.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 50,858 shares of the company’s stock after selling 27,471 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Philip Morris International were worth $8,249,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the business. Second Line Capital LLC raised its holdings in Philip Morris International by 4.8% during the second quarter. Second Line Capital LLC now owns 1,338 shares of the company’s stock valued at $245,000 after buying an additional 61 shares in the last quarter. Meridian Wealth Partners LLC increased its holdings in shares of Philip Morris International by 3.1% during the 2nd quarter. Meridian Wealth Partners LLC now owns 2,060 shares of the company’s stock valued at $375,000 after acquiring an additional 62 shares during the last quarter. Bernardo Wealth Planning LLC raised its stake in shares of Philip Morris International by 1.8% in the 2nd quarter. Bernardo Wealth Planning LLC now owns 3,584 shares of the company’s stock valued at $653,000 after acquiring an additional 62 shares in the last quarter. Raiffeisen Bank International AG lifted its holdings in Philip Morris International by 1.4% in the 2nd quarter. Raiffeisen Bank International AG now owns 4,471 shares of the company’s stock worth $803,000 after purchasing an additional 63 shares during the last quarter. Finally, Nia Impact Advisors LLC grew its holdings in Philip Morris International by 4.2% during the second quarter. Nia Impact Advisors LLC now owns 1,577 shares of the company’s stock valued at $287,000 after purchasing an additional 63 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors.
Philip Morris International Trading Down 0.1%
Shares of NYSE PM opened at $183.35 on Monday. The firm has a market capitalization of $285.41 billion, a price-to-earnings ratio of 25.22, a PEG ratio of 2.09 and a beta of 0.39. Philip Morris International Inc. has a one year low of $142.11 and a one year high of $190.98. The business has a fifty day simple moving average of $170.72 and a 200 day simple moving average of $163.06.
Philip Morris International Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th were paid a dividend of $1.47 per share. The ex-dividend date was Friday, December 26th. This represents a $5.88 dividend on an annualized basis and a yield of 3.2%. Philip Morris International’s dividend payout ratio (DPR) is currently 80.88%.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on PM shares. Needham & Company LLC raised their target price on shares of Philip Morris International from $190.00 to $205.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Stifel Nicolaus set a $200.00 price objective on Philip Morris International in a research report on Monday, February 9th. Jefferies Financial Group lowered Philip Morris International from a “buy” rating to a “hold” rating and lowered their target price for the company from $220.00 to $180.00 in a report on Tuesday, January 20th. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research note on Thursday, January 22nd. Finally, Wall Street Zen cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Eleven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $196.83.
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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