Tableaux LLC acquired a new stake in Philip Morris International Inc. (NYSE:PM – Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,726 shares of the company’s stock, valued at approximately $442,000.
Several other hedge funds have also added to or reduced their stakes in PM. Brighton Jones LLC increased its holdings in Philip Morris International by 31.1% in the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock valued at $1,027,000 after purchasing an additional 2,023 shares during the period. Revolve Wealth Partners LLC grew its position in shares of Philip Morris International by 4.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock valued at $252,000 after buying an additional 91 shares during the last quarter. Sivia Capital Partners LLC increased its stake in shares of Philip Morris International by 53.7% in the second quarter. Sivia Capital Partners LLC now owns 5,636 shares of the company’s stock valued at $1,027,000 after buying an additional 1,970 shares during the period. Solstein Capital LLC bought a new position in shares of Philip Morris International during the second quarter worth about $37,000. Finally, First Command Advisory Services Inc. lifted its stake in shares of Philip Morris International by 5.9% in the second quarter. First Command Advisory Services Inc. now owns 1,840 shares of the company’s stock worth $335,000 after acquiring an additional 103 shares during the period. 78.63% of the stock is currently owned by institutional investors and hedge funds.
Philip Morris International Trading Down 0.1%
NYSE:PM opened at $187.10 on Wednesday. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $190.98. The stock has a market capitalization of $291.25 billion, a price-to-earnings ratio of 25.74, a PEG ratio of 2.13 and a beta of 0.39. The firm has a fifty day simple moving average of $171.88 and a two-hundred day simple moving average of $163.31.
Philip Morris International Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Friday, December 26th were issued a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Friday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is currently 80.88%.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the stock. Jefferies Financial Group downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating and decreased their target price for the company from $220.00 to $180.00 in a research report on Tuesday, January 20th. JPMorgan Chase & Co. dropped their target price on shares of Philip Morris International from $190.00 to $185.00 and set an “overweight” rating on the stock in a report on Wednesday, November 26th. Morgan Stanley reaffirmed an “overweight” rating and set a $205.00 price target on shares of Philip Morris International in a research report on Monday, February 9th. Stifel Nicolaus set a $200.00 price objective on Philip Morris International in a research report on Monday, February 9th. Finally, UBS Group reissued a “neutral” rating and issued a $181.50 price objective on shares of Philip Morris International in a research note on Monday, February 9th. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $196.83.
View Our Latest Analysis on Philip Morris International
Philip Morris International 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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