Intergy Private Wealth LLC Has $236,000 Position in Philip Morris International Inc. (NYSE:PM)

Intergy Private Wealth LLC increased its holdings in Philip Morris International Inc. (NYSE:PM) by 4.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,959 shares of the company’s stock after purchasing an additional 80 shares during the period. Intergy Private Wealth LLC’s holdings in Philip Morris International were worth $236,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PM. CMG Global Holdings LLC lifted its position in shares of Philip Morris International by 2.7% during the 4th quarter. CMG Global Holdings LLC now owns 5,232 shares of the company’s stock worth $643,000 after buying an additional 137 shares during the period. Hunter Associates Investment Management LLC lifted its holdings in shares of Philip Morris International by 0.4% during the fourth quarter. Hunter Associates Investment Management LLC now owns 33,798 shares of the company’s stock valued at $4,060,000 after acquiring an additional 142 shares during the period. Fortune Financial Advisors LLC boosted its stake in shares of Philip Morris International by 3.2% in the 4th quarter. Fortune Financial Advisors LLC now owns 13,012 shares of the company’s stock valued at $1,566,000 after purchasing an additional 402 shares in the last quarter. Mediolanum International Funds Ltd grew its holdings in shares of Philip Morris International by 19.0% in the 4th quarter. Mediolanum International Funds Ltd now owns 43,256 shares of the company’s stock worth $5,178,000 after purchasing an additional 6,897 shares during the last quarter. Finally, Crews Bank & Trust acquired a new stake in shares of Philip Morris International during the 4th quarter worth about $398,000. Institutional investors own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on PM shares. Citigroup upped their price objective on shares of Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. UBS Group increased their price target on Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a research report on Wednesday, October 23rd. Barclays cut their price objective on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Stifel Nicolaus restated a “buy” rating and set a $145.00 target price (up previously from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. Finally, Morgan Stanley assumed coverage on Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price target for the company. 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 currently has an average rating of “Moderate Buy” and a consensus price target of $131.35.

Philip Morris International Trading Up 0.6 %

Shares of NYSE PM opened at $130.32 on Friday. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $134.15. The firm’s 50-day moving average is $125.24 and its 200-day moving average is $122.63. The firm has a market capitalization of $202.63 billion, a PE ratio of 20.69, a price-to-earnings-growth ratio of 2.29 and a beta of 0.54.

Philip Morris International Announces Dividend

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

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.