Philip Morris International Inc. $PM Shares Acquired by Whittier Trust Co.

Whittier Trust Co. lifted its position in Philip Morris International Inc. (NYSE:PM) by 2.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 372,198 shares of the company’s stock after purchasing an additional 9,471 shares during the quarter. Whittier Trust Co.’s holdings in Philip Morris International were worth $57,047,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. FSB Premier Wealth Management Inc. lifted its stake in Philip Morris International by 17.3% during the 3rd quarter. FSB Premier Wealth Management Inc. now owns 28,474 shares of the company’s stock valued at $4,618,000 after acquiring an additional 4,200 shares during the period. BLB&B Advisors LLC lifted its position in Philip Morris International by 4.0% during the third quarter. BLB&B Advisors LLC now owns 2,715 shares of the company’s stock valued at $440,000 after purchasing an additional 105 shares during the period. GDS Wealth Management boosted its holdings in Philip Morris International by 58.3% in the third quarter. GDS Wealth Management now owns 2,833 shares of the company’s stock valued at $460,000 after purchasing an additional 1,043 shares during the last quarter. JFG Wealth Management LLC grew its position in Philip Morris International by 6.7% during the 3rd quarter. JFG Wealth Management LLC now owns 2,129 shares of the company’s stock worth $345,000 after purchasing an additional 133 shares during the period. Finally, Seelaus Asset Management LLC raised its stake in shares of Philip Morris International by 4.5% during the 3rd quarter. Seelaus Asset Management LLC now owns 4,179 shares of the company’s stock valued at $678,000 after buying an additional 180 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Up 1.8%

PM opened at $173.06 on Friday. The firm’s fifty day simple moving average is $159.22 and its two-hundred day simple moving average is $161.48. Philip Morris International Inc. has a 52-week low of $125.53 and a 52-week high of $186.69. The company has a market cap of $269.39 billion, a price-to-earnings ratio of 31.35, a PEG ratio of 1.86 and a beta of 0.40.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th were paid a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 3.4%. The ex-dividend date was Friday, December 26th. Philip Morris International’s payout ratio is 106.52%.

Analysts Set New Price Targets

PM has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their price target on Philip Morris International from $190.00 to $185.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Barclays decreased their target price on shares of Philip Morris International from $220.00 to $180.00 and set an “overweight” rating for the company in a research note on Monday, November 17th. Jefferies Financial Group lowered shares of Philip Morris International from a “buy” rating to a “hold” rating and dropped their price target for the company from $220.00 to $180.00 in a research report on Tuesday. Stifel Nicolaus set a $180.00 price objective on shares of Philip Morris International in a research report on Tuesday, October 21st. 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 investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $184.56.

About Philip Morris International

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.