Advyzon Investment Management LLC increased its position in shares of Philip Morris International Inc. (NYSE:PM – Free Report) by 72.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,204 shares of the company’s stock after acquiring an additional 4,285 shares during the period. Advyzon Investment Management LLC’s holdings in Philip Morris International were worth $1,655,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new stake in shares of Philip Morris International during the second quarter worth about $25,000. Traub Capital Management LLC acquired a new position in shares of Philip Morris International in the second quarter valued at approximately $25,000. Marquette Asset Management LLC increased its stake in Philip Morris International by 1,677.8% during the 3rd quarter. Marquette Asset Management LLC now owns 160 shares of the company’s stock worth $26,000 after buying an additional 151 shares during the period. Estabrook Capital Management acquired a new stake in Philip Morris International during the 2nd quarter worth approximately $30,000. Finally, Anfield Capital Management LLC boosted its position in Philip Morris International by 185.5% in the 2nd quarter. Anfield Capital Management LLC now owns 197 shares of the company’s stock valued at $36,000 after buying an additional 128 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.
Philip Morris International Stock Performance
NYSE:PM opened at $183.35 on Friday. The stock has a 50-day simple moving average of $170.72 and a 200-day simple moving average of $163.09. The stock has a market cap of $285.41 billion, a P/E ratio of 25.22, a P/E/G ratio of 2.09 and a beta of 0.39. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $190.98.
Philip Morris International Announces Dividend
The business 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 dividend on an annualized basis and a yield of 3.2%. Philip Morris International’s dividend payout ratio (DPR) is presently 80.88%.
Analyst Upgrades and Downgrades
Several equities analysts have commented on the stock. Jefferies Financial Group downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating and dropped their price target for the stock from $220.00 to $180.00 in a research note on Tuesday, January 20th. JPMorgan Chase & Co. decreased their target price on Philip Morris International from $190.00 to $185.00 and set an “overweight” rating for the company in a report on Wednesday, November 26th. UBS Group reissued a “neutral” rating and set a $181.50 target price on shares of Philip Morris International in a research note on Monday, February 9th. Morgan Stanley reaffirmed an “overweight” rating and issued a $205.00 price target on shares of Philip Morris International in a research report on Monday, February 9th. Finally, Wall Street Zen cut Philip Morris International from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Eleven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $194.06.
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.
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