GDS Wealth Management Purchases Shares of 1,679 Philip Morris International Inc. (NYSE:PM)

GDS Wealth Management acquired a new position in shares of Philip Morris International Inc. (NYSE:PM) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,679 shares of the company’s stock, valued at approximately $202,000.

Several other institutional investors have also recently added to or reduced their stakes in PM. State Street Corp increased its holdings in Philip Morris International by 0.4% during the 3rd quarter. State Street Corp now owns 54,711,621 shares of the company’s stock worth $6,715,237,000 after purchasing an additional 224,840 shares during the period. Geode Capital Management LLC grew its position in shares of Philip Morris International by 2.0% during the third quarter. Geode Capital Management LLC now owns 32,101,324 shares of the company’s stock worth $3,886,818,000 after buying an additional 621,034 shares in the last quarter. FMR LLC increased its stake in shares of Philip Morris International by 40.9% during the third quarter. FMR LLC now owns 23,168,446 shares of the company’s stock worth $2,812,649,000 after buying an additional 6,721,094 shares during the period. Franklin Resources Inc. raised its holdings in shares of Philip Morris International by 3.0% in the 3rd quarter. Franklin Resources Inc. now owns 13,000,570 shares of the company’s stock valued at $1,560,752,000 after purchasing an additional 376,406 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Philip Morris International by 57.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 9,241,612 shares of the company’s stock worth $1,121,932,000 after purchasing an additional 3,363,454 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Trading Up 0.0 %

NYSE PM opened at $130.42 on Wednesday. The stock has a market capitalization of $202.78 billion, a price-to-earnings ratio of 20.70, a PEG ratio of 2.30 and a beta of 0.55. The business’s 50 day moving average is $125.22 and its two-hundred day moving average is $123.24. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $134.15.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is currently 85.71%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Citigroup raised their target price on Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Barclays decreased their price objective on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. UBS Group lifted their target price on Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a research report on Wednesday, October 23rd. Morgan Stanley began coverage on Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective for the company. Finally, JPMorgan Chase & Co. upped their price target on shares of Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $131.35.

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.