Fiera Capital Corp bought a new stake in Philip Morris International Inc. (NYSE:PM – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 4,080 shares of the company’s stock, valued at approximately $654,000.
Other institutional investors have also modified their holdings of the company. Tranquility Partners LLC raised its holdings in shares of Philip Morris International by 2.4% during the fourth quarter. Tranquility Partners LLC now owns 2,489 shares of the company’s stock valued at $399,000 after acquiring an additional 59 shares during the last quarter. Stonebridge Financial Group LLC raised its holdings in shares of Philip Morris International by 2.2% during the fourth quarter. Stonebridge Financial Group LLC now owns 2,763 shares of the company’s stock valued at $443,000 after acquiring an additional 60 shares during the last quarter. Heritage Trust Co raised its holdings in shares of Philip Morris International by 2.4% during the fourth quarter. Heritage Trust Co now owns 2,554 shares of the company’s stock valued at $410,000 after acquiring an additional 60 shares during the last quarter. Capital Advisors Wealth Management LLC raised its holdings in shares of Philip Morris International by 1.8% during the fourth quarter. Capital Advisors Wealth Management LLC now owns 3,372 shares of the company’s stock valued at $541,000 after acquiring an additional 61 shares during the last quarter. Finally, CFO4Life Group LLC raised its holdings in shares of Philip Morris International by 1.5% during the fourth quarter. CFO4Life Group LLC now owns 4,212 shares of the company’s stock valued at $676,000 after acquiring an additional 61 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.
Philip Morris International Trading Up 2.5%
Philip Morris International stock opened at $183.01 on Thursday. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $193.05. The stock has a market cap of $285.23 billion, a P/E ratio of 25.74, a PEG ratio of 2.06 and a beta of 0.38. The company has a 50-day moving average price of $171.77 and a 200 day moving average price of $169.52.
Wall Street Analyst Weigh In
A number of equities analysts have commented on PM shares. Morgan Stanley increased their target price on Philip Morris International from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Barclays reaffirmed an “overweight” rating and set a $205.00 target price on shares of Philip Morris International in a research note on Monday, February 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, May 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $200.00 target price on shares of Philip Morris International in a research note on Thursday, April 23rd. Finally, Stifel Nicolaus lowered their target price on shares of Philip Morris International from $200.00 to $195.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Philip Morris International presently has an average rating of “Moderate Buy” and an average price target of $192.88.
View Our Latest Research Report on Philip Morris International
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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