Stonehage Fleming Financial Services Holdings Ltd Has $1.73 Million Stake in Philip Morris International Inc. $PM

Stonehage Fleming Financial Services Holdings Ltd grew its stake in shares of Philip Morris International Inc. (NYSE:PM) by 165.0% in the third quarter, HoldingsChannel.com reports. The firm owned 10,647 shares of the company’s stock after purchasing an additional 6,630 shares during the period. Stonehage Fleming Financial Services Holdings Ltd’s holdings in Philip Morris International were worth $1,727,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Legacy Investment Solutions LLC bought a new stake in Philip Morris International during the second quarter worth $25,000. Traub Capital Management LLC bought a new stake in shares of Philip Morris International in the 2nd quarter worth $25,000. Marquette Asset Management LLC raised its holdings in shares of Philip Morris International by 1,677.8% in the third quarter. Marquette Asset Management LLC now owns 160 shares of the company’s stock valued at $26,000 after purchasing an additional 151 shares during the last quarter. Briaud Financial Planning Inc lifted its position in shares of Philip Morris International by 266.7% during the second quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock valued at $30,000 after purchasing an additional 120 shares in the last quarter. Finally, Estabrook Capital Management purchased a new position in Philip Morris International during the second quarter worth about $30,000. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Price Performance

Shares of PM opened at $179.23 on Wednesday. Philip Morris International Inc. has a 1 year low of $128.25 and a 1 year high of $186.69. The stock’s fifty day moving average price is $160.14 and its two-hundred day moving average price is $161.33. The firm has a market cap of $278.99 billion, a PE ratio of 32.47, a PEG ratio of 1.89 and a beta of 0.40.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th were issued a dividend of $1.47 per share. The ex-dividend date of this dividend was Friday, December 26th. This represents a $5.88 annualized dividend and a yield of 3.3%. Philip Morris International’s dividend payout ratio is 106.52%.

Analysts Set New Price Targets

Several equities research analysts have commented on PM shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research note on Thursday, January 22nd. Jefferies Financial Group downgraded Philip Morris International from a “buy” rating to a “hold” rating and decreased their price target for the company from $220.00 to $180.00 in a research report on Tuesday, January 20th. Barclays dropped their price target on Philip Morris International from $220.00 to $180.00 and set an “overweight” rating on the stock in a report on Monday, November 17th. The Goldman Sachs Group restated a “buy” rating on shares of Philip Morris International in a research note on Wednesday, October 22nd. Finally, Morgan Stanley set a $175.00 target price on Philip Morris International and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Philip Morris International presently has a consensus rating of “Moderate Buy” and a consensus target price of $184.56.

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.