Vantus Wealth LLC acquired a new stake in Philip Morris International Inc. (NYSE:PM – Free Report) in the 4th quarter, Holdings Channel.com reports. The fund acquired 4,474 shares of the company’s stock, valued at approximately $718,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Schroder Investment Management Group lifted its stake in Philip Morris International by 10.2% in the 3rd quarter. Schroder Investment Management Group now owns 302,173 shares of the company’s stock valued at $49,251,000 after acquiring an additional 27,979 shares in the last quarter. Trajan Wealth LLC lifted its stake in Philip Morris International by 31.2% in the 3rd quarter. Trajan Wealth LLC now owns 132,295 shares of the company’s stock valued at $21,458,000 after acquiring an additional 31,490 shares in the last quarter. Stratos Wealth Partners LTD. lifted its stake in Philip Morris International by 23.6% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 43,926 shares of the company’s stock valued at $7,125,000 after acquiring an additional 8,392 shares in the last quarter. Assetmark Inc. lifted its stake in Philip Morris International by 22.2% in the 4th quarter. Assetmark Inc. now owns 630,583 shares of the company’s stock valued at $101,146,000 after acquiring an additional 114,618 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its stake in Philip Morris International by 40.3% in the 4th quarter. Global Retirement Partners LLC now owns 67,177 shares of the company’s stock valued at $10,775,000 after acquiring an additional 19,309 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.
Philip Morris International Price Performance
Shares of NYSE PM opened at $172.45 on Tuesday. The stock’s fifty day moving average price is $169.88 and its two-hundred day moving average price is $168.43. Philip Morris International Inc. has a one year low of $142.11 and a one year high of $193.05. The firm has a market cap of $268.77 billion, a price-to-earnings ratio of 24.25, a P/E/G ratio of 2.04 and a beta of 0.37.
Philip Morris International Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 13th. Shareholders of record on Thursday, March 19th were issued a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Thursday, March 19th. Philip Morris International’s dividend payout ratio is currently 82.70%.
Analysts Set New Price Targets
Several research firms have commented on PM. Citigroup boosted their target price on Philip Morris International from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, May 20th. Morgan Stanley dropped their price objective on Philip Morris International from $205.00 to $190.00 and set an “overweight” rating on the stock in a research note on Friday, April 17th. Needham & Company LLC reiterated a “buy” rating and set a $200.00 price objective on shares of Philip Morris International in a research note on Thursday, April 23rd. Finally, Bank of America reiterated a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Philip Morris International presently has a consensus rating of “Moderate Buy” and an average target price of $192.56.
Get Our Latest Report on Philip Morris International
About Philip Morris International
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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