Hunter Associates Investment Management LLC Buys 142 Shares of Philip Morris International Inc. (NYSE:PM)

Hunter Associates Investment Management LLC grew its stake in Philip Morris International Inc. (NYSE:PM) by 0.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,798 shares of the company’s stock after purchasing an additional 142 shares during the quarter. Hunter Associates Investment Management LLC’s holdings in Philip Morris International were worth $4,060,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sanctuary Advisors LLC purchased a new position in Philip Morris International during the second quarter valued at $17,878,000. Anchor Investment Management LLC increased its stake in shares of Philip Morris International by 1.0% in the 2nd quarter. Anchor Investment Management LLC now owns 44,493 shares of the company’s stock worth $4,508,000 after acquiring an additional 421 shares in the last quarter. Centaurus Financial Inc. lifted its position in Philip Morris International by 35.6% during the 2nd quarter. Centaurus Financial Inc. now owns 13,333 shares of the company’s stock valued at $1,351,000 after acquiring an additional 3,500 shares during the period. Passive Capital Management LLC. bought a new stake in Philip Morris International during the second quarter worth about $211,000. Finally, First Financial Bank Trust Division grew its holdings in Philip Morris International by 3.9% in the third quarter. First Financial Bank Trust Division now owns 2,524 shares of the company’s stock worth $306,000 after purchasing an additional 95 shares during the period. 78.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PM has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price target on Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Citigroup lifted their target price on shares of Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. UBS Group increased their price target on shares of Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a report on Wednesday, October 23rd. Stifel Nicolaus reissued a “buy” rating and set a $145.00 price target (up previously from $138.00) on shares of Philip Morris International in a research report on Wednesday, October 23rd. Finally, Morgan Stanley initiated coverage on Philip Morris International in a research report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.35.

Philip Morris International Price Performance

NYSE PM opened at $130.32 on Friday. The stock has a market capitalization of $202.63 billion, a PE ratio of 20.69, a P/E/G ratio of 2.29 and a beta of 0.54. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $134.15. The business has a 50 day simple moving average of $125.24 and a two-hundred day simple moving average of $122.63.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were given a $1.35 dividend. The ex-dividend date was Thursday, December 26th. This represents a $5.40 annualized dividend and a yield of 4.14%. Philip Morris International’s dividend payout ratio is currently 85.71%.

About Philip Morris International

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.