RBF Capital LLC acquired a new position in Philip Morris International Inc. (NYSE:PM – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 6,000 shares of the company’s stock, valued at approximately $992,000.
A number of other large investors also recently modified their holdings of PM. AG Campbell Advisory LLC purchased a new position in shares of Philip Morris International in the fourth quarter worth $25,000. Portfolio Resources Advisor Group Inc. bought a new stake in Philip Morris International in the 4th quarter worth approximately $26,000. Richards Merrill & Peterson Inc. purchased a new stake in shares of Philip Morris International during the 4th quarter worth approximately $28,000. Vermillion Wealth Management Inc. boosted its position in shares of Philip Morris International by 146.5% during the 1st quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company’s stock valued at $29,000 after acquiring an additional 104 shares during the last quarter. Finally, Safe Harbor Fiduciary LLC bought a new position in shares of Philip Morris International during the 4th quarter valued at approximately $29,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.
Philip Morris International Trading Down 0.6%
NYSE PM opened at $199.04 on Thursday. The company has a fifty day simple moving average of $183.26 and a two-hundred day simple moving average of $176.46. The stock has a market cap of $310.22 billion, a P/E ratio of 28.60, a P/E/G ratio of 2.42 and a beta of 0.38. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $207.76.
Philip Morris International Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Thursday, June 25th were issued a $1.47 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.0%. Philip Morris International’s dividend payout ratio is currently 84.48%.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on PM shares. Morgan Stanley boosted their target price on shares of Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Stifel Nicolaus upped their price target on shares of Philip Morris International from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. BTIG Research set a $221.00 target price on Philip Morris International and gave the company a “buy” rating in a research report on Friday, July 24th. UBS Group lifted their price objective on shares of Philip Morris International from $168.00 to $182.00 and gave the company a “neutral” rating in a report on Thursday, July 2nd. Finally, Bank of America reaffirmed a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $204.22.
Get Our Latest Research Report on PM
About Philip Morris International
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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