Berman McAleer LLC Acquires Shares of 2,965 Philip Morris International Inc. $PM

Berman McAleer LLC acquired a new position in Philip Morris International Inc. (NYSE:PM) during the third quarter, HoldingsChannel reports. The fund acquired 2,965 shares of the company’s stock, valued at approximately $481,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. WCM Investment Management LLC increased its position in Philip Morris International by 24,968.0% in the 2nd quarter. WCM Investment Management LLC now owns 11,275,606 shares of the company’s stock valued at $2,041,223,000 after acquiring an additional 11,230,626 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Philip Morris International by 1.6% during the second quarter. Vanguard Group Inc. now owns 142,857,055 shares of the company’s stock valued at $26,018,555,000 after purchasing an additional 2,235,380 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of Philip Morris International by 69.0% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,512,311 shares of the company’s stock valued at $821,826,000 after purchasing an additional 1,842,754 shares in the last quarter. Prudential Financial Inc. increased its holdings in shares of Philip Morris International by 88.9% in the second quarter. Prudential Financial Inc. now owns 2,138,118 shares of the company’s stock valued at $389,415,000 after purchasing an additional 1,006,014 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its position in Philip Morris International by 142.2% in the 2nd quarter. Panagora Asset Management Inc. now owns 1,512,514 shares of the company’s stock worth $275,474,000 after purchasing an additional 888,148 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Trading Up 0.9%

NYSE:PM opened at $179.42 on Friday. Philip Morris International Inc. has a 1-year low of $128.25 and a 1-year high of $186.69. The firm has a market capitalization of $279.29 billion, a price-to-earnings ratio of 32.50, a PEG ratio of 1.92 and a beta of 0.40. The business’s 50-day moving average price is $161.53 and its two-hundred day moving average price is $161.56.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Friday, December 26th were given a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Friday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is currently 106.52%.

Analysts Set New Price Targets

PM has been the topic of a number of recent research reports. JPMorgan Chase & Co. decreased their price objective on 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. Morgan Stanley set a $175.00 price target on Philip Morris International and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Jefferies Financial Group cut Philip Morris International from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $220.00 to $180.00 in a report on Tuesday, January 20th. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research report on Thursday, January 22nd. Finally, Barclays lowered their price target on shares of Philip Morris International from $220.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, November 17th. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Philip Morris International currently has an average rating of “Moderate Buy” and a consensus price target of $184.56.

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.