Relyea Zuckerberg Hanson LLC acquired a new position in Philip Morris International Inc. (NYSE:PM) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,565 shares of the company’s stock, valued at approximately $218,000.
A number of other institutional investors have also added to or reduced their stakes in PM. Penserra Capital Management LLC boosted its stake in shares of Philip Morris International by 71.6% during the 3rd quarter. Penserra Capital Management LLC now owns 1,045 shares of the company’s stock valued at $79,000 after purchasing an additional 436 shares in the last quarter. MUFG Americas Holdings Corp grew its holdings in shares of Philip Morris International by 6.1% during the third quarter. MUFG Americas Holdings Corp now owns 168,225 shares of the company’s stock worth $12,774,000 after purchasing an additional 9,645 shares in the last quarter. First Trust Advisors LP increased its position in shares of Philip Morris International by 10.9% in the third quarter. First Trust Advisors LP now owns 1,766,825 shares of the company’s stock worth $134,155,000 after purchasing an additional 173,113 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its position in shares of Philip Morris International by 0.5% in the third quarter. Municipal Employees Retirement System of Michigan now owns 62,230 shares of the company’s stock worth $4,725,000 after purchasing an additional 310 shares during the last quarter. Finally, Sabal Trust CO raised its stake in Philip Morris International by 42.3% in the third quarter. Sabal Trust CO now owns 3,750 shares of the company’s stock valued at $284,000 after purchasing an additional 1,115 shares in the last quarter. Institutional investors and hedge funds own 73.05% of the company’s stock.
Several equities research analysts have issued reports on the stock. Piper Sandler lifted their target price on shares of Philip Morris International from $105.00 to $114.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. Wells Fargo & Co decreased their price target on shares of Philip Morris International from $102.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, October 18th. Stifel Nicolaus restated a “buy” rating on shares of Philip Morris International in a research report on Tuesday, October 15th. Morgan Stanley lifted their price objective on shares of Philip Morris International from $92.00 to $99.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Finally, Piper Jaffray Companies reiterated an “overweight” rating on shares of Philip Morris International in a research report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $95.17.
Shares of NYSE PM opened at $88.32 on Thursday. Philip Morris International Inc. has a one year low of $69.27 and a one year high of $92.74. The firm’s 50 day simple moving average is $85.15 and its two-hundred day simple moving average is $81.32. The stock has a market capitalization of $136.53 billion, a P/E ratio of 17.32, a PEG ratio of 2.06 and a beta of 1.00.
Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, October 17th. The company reported $1.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.08. Philip Morris International had a net margin of 9.59% and a negative return on equity of 82.33%. The firm had revenue of $7.64 billion during the quarter, compared to analyst estimates of $7.65 billion. During the same period in the previous year, the business posted $1.44 EPS. The business’s quarterly revenue was up 1.8% on a year-over-year basis. Sell-side analysts forecast that Philip Morris International Inc. will post 5.2 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 19th were paid a $1.17 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $4.68 dividend on an annualized basis and a dividend yield of 5.30%. Philip Morris International’s dividend payout ratio (DPR) is 91.76%.
Philip Morris International Profile
Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.
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