DGS Capital Management LLC Raises Stock Position in Philip Morris International Inc. (NYSE:PM)

DGS Capital Management LLC increased its position in shares of Philip Morris International Inc. (NYSE:PM) by 20.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,245 shares of the company’s stock after acquiring an additional 380 shares during the period. DGS Capital Management LLC’s holdings in Philip Morris International were worth $270,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cottonwood Capital Advisors LLC raised its position in shares of Philip Morris International by 12.3% in the fourth quarter. Cottonwood Capital Advisors LLC now owns 3,100 shares of the company’s stock worth $373,000 after buying an additional 339 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in Philip Morris International by 90.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 160,434 shares of the company’s stock worth $19,308,000 after acquiring an additional 76,358 shares during the last quarter. CX Institutional raised its holdings in shares of Philip Morris International by 12.7% in the 4th quarter. CX Institutional now owns 8,520 shares of the company’s stock valued at $1,025,000 after acquiring an additional 958 shares in the last quarter. Zweig DiMenna Associates LLC boosted its position in shares of Philip Morris International by 3.7% during the 4th quarter. Zweig DiMenna Associates LLC now owns 156,579 shares of the company’s stock valued at $18,844,000 after acquiring an additional 5,600 shares during the last quarter. Finally, Patriot Investment Management Group Inc. grew its holdings in shares of Philip Morris International by 3.2% during the fourth quarter. Patriot Investment Management Group Inc. now owns 8,473 shares of the company’s stock worth $1,020,000 after purchasing an additional 265 shares in the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PM has been the subject of several research analyst reports. Citigroup lifted their target price on shares of Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Morgan Stanley started coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 target price for the company. JPMorgan Chase & Co. lifted their price target on Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Barclays reduced their price objective on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $145.00 target price (up previously from $138.00) on shares of Philip Morris International in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Philip Morris International currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.35.

Philip Morris International Stock Performance

NYSE:PM opened at $127.28 on Friday. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $134.15. The firm has a market cap of $197.89 billion, a PE ratio of 20.20, a price-to-earnings-growth ratio of 2.01 and a beta of 0.54. The business has a 50 day moving average price of $125.30 and a 200-day moving average price of $121.97.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were given a dividend of $1.35 per share. The ex-dividend date was Thursday, December 26th. This represents a $5.40 annualized dividend and a yield of 4.24%. Philip Morris International’s payout ratio is currently 85.71%.

Philip Morris International Profile

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.