Dana Investment Advisors Inc. grew its stake in shares of Philip Morris International Inc. (NYSE:PM – Free Report) by 4.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,546 shares of the company’s stock after buying an additional 5,097 shares during the period. Dana Investment Advisors Inc.’s holdings in Philip Morris International were worth $17,930,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently modified their holdings of the stock. Legacy Investment Solutions LLC bought a new stake in Philip Morris International in the 2nd quarter valued at $25,000. Traub Capital Management LLC bought a new position in shares of Philip Morris International during the 2nd quarter valued at about $25,000. Marquette Asset Management LLC grew its position in shares of Philip Morris International by 1,677.8% during 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 in the last quarter. Estabrook Capital Management purchased a new position in shares of Philip Morris International during the second quarter valued at about $30,000. Finally, Anfield Capital Management LLC increased its holdings in shares of Philip Morris International by 185.5% in the second quarter. Anfield Capital Management LLC now owns 197 shares of the company’s stock worth $36,000 after purchasing an additional 128 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.
Philip Morris International Stock Performance
Shares of Philip Morris International stock opened at $187.12 on Tuesday. The stock has a market cap of $291.28 billion, a price-to-earnings ratio of 25.74, a price-to-earnings-growth ratio of 2.09 and a beta of 0.39. The stock has a 50 day moving average price of $171.30 and a 200-day moving average price of $163.19. Philip Morris International Inc. has a one year low of $142.11 and a one year high of $190.98.
Philip Morris International Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Friday, December 26th were issued a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Friday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is 80.88%.
Wall Street Analyst Weigh In
A number of brokerages recently commented on PM. Citigroup increased their price target on Philip Morris International from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. UBS Group reaffirmed a “neutral” rating and set a $181.50 price objective on shares of Philip Morris International in a report on Monday, February 9th. Morgan Stanley reissued an “overweight” rating and issued a $205.00 target price on shares of Philip Morris International in a report on Monday, February 9th. Needham & Company LLC boosted their price target on shares of Philip Morris International from $190.00 to $205.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research report on Thursday, January 22nd. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $196.83.
Check Out Our Latest 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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