Tableaux LLC purchased a new stake in Philip Morris International Inc. (NYSE:PM – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,726 shares of the company’s stock, valued at approximately $442,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Corient Private Wealth LLC grew its position in Philip Morris International by 1.2% in the 2nd quarter. Corient Private Wealth LLC now owns 490,590 shares of the company’s stock worth $89,354,000 after purchasing an additional 5,681 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Philip Morris International by 10.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 549,481 shares of the company’s stock worth $84,922,000 after buying an additional 51,399 shares during the last quarter. Dynasty Wealth Management LLC grew its holdings in shares of Philip Morris International by 53.0% in the third quarter. Dynasty Wealth Management LLC now owns 27,772 shares of the company’s stock valued at $4,505,000 after acquiring an additional 9,622 shares in the last quarter. Westwood Holdings Group Inc. increased its position in shares of Philip Morris International by 295.8% during the second quarter. Westwood Holdings Group Inc. now owns 67,717 shares of the company’s stock valued at $12,333,000 after acquiring an additional 50,610 shares during the last quarter. Finally, Stratos Wealth Partners LTD. lifted its holdings in Philip Morris International by 23.6% during the third quarter. Stratos Wealth Partners LTD. now owns 43,926 shares of the company’s stock worth $7,125,000 after acquiring an additional 8,392 shares during the period. 78.63% of the stock is owned by institutional investors.
Philip Morris International Stock Down 0.1%
NYSE PM opened at $187.10 on Wednesday. The firm has a market cap of $291.25 billion, a P/E ratio of 25.74, a price-to-earnings-growth ratio of 2.13 and a beta of 0.39. The company’s 50 day moving average is $171.88 and its 200-day moving average is $163.31. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $190.98.
Philip Morris International Announces Dividend
The business also recently announced 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. This represents a $5.88 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Friday, December 26th. Philip Morris International’s payout ratio is presently 80.88%.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on PM shares. Jefferies Financial Group downgraded Philip Morris International from a “buy” rating to a “hold” rating and reduced their price objective for the company from $220.00 to $180.00 in a research note on Tuesday, January 20th. Stifel Nicolaus set a $200.00 price target on shares of Philip Morris International in a report on Monday, February 9th. Morgan Stanley restated an “overweight” rating and set a $205.00 price target on shares of Philip Morris International in a research report on Monday, February 9th. JPMorgan Chase & Co. lowered their price objective on shares of Philip Morris International from $190.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. Finally, Citigroup boosted their target price on shares of Philip Morris International from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $196.83.
Read Our Latest Research Report on PM
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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