Ridgepath Capital Management LLC Has $4.65 Million Stock Position in Philip Morris International Inc. (NYSE:PM)

Ridgepath Capital Management LLC cut its stake in shares of Philip Morris International Inc. (NYSE:PM) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 38,654 shares of the company’s stock after selling 538 shares during the period. Philip Morris International accounts for about 2.1% of Ridgepath Capital Management LLC’s investment portfolio, making the stock its 11th biggest holding. Ridgepath Capital Management LLC’s holdings in Philip Morris International were worth $4,652,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. White Lighthouse Investment Management Inc. grew its holdings in Philip Morris International by 71.4% in the 3rd quarter. White Lighthouse Investment Management Inc. now owns 11,999 shares of the company’s stock valued at $1,457,000 after buying an additional 4,999 shares in the last quarter. Range Financial Group LLC increased its position in Philip Morris International by 504.9% during the fourth quarter. Range Financial Group LLC now owns 22,915 shares of the company’s stock worth $2,758,000 after acquiring an additional 19,127 shares during the period. Accredited Investors Inc. boosted its stake in shares of Philip Morris International by 3,553.3% in the third quarter. Accredited Investors Inc. now owns 206,959 shares of the company’s stock valued at $25,125,000 after buying an additional 201,294 shares during the period. Park Avenue Securities LLC grew its position in Philip Morris International by 18.9% during the fourth quarter. Park Avenue Securities LLC now owns 100,826 shares of the company’s stock worth $12,134,000 after buying an additional 16,035 shares in the last quarter. Finally, CWA Asset Management Group LLC increased its stake in Philip Morris International by 37.5% during the 4th quarter. CWA Asset Management Group LLC now owns 24,200 shares of the company’s stock worth $2,912,000 after acquiring an additional 6,605 shares during the period. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Stock Performance

NYSE:PM opened at $130.32 on Friday. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $134.15. The firm’s fifty day moving average is $125.24 and its 200-day moving average is $122.63. The firm has a market cap of $202.63 billion, a P/E ratio of 20.69, a P/E/G ratio of 2.29 and a beta of 0.54.

Philip Morris International Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on PM. UBS Group raised their price target 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. Stifel Nicolaus reissued a “buy” rating and issued a $145.00 target price (up from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. Barclays reduced their price target on shares of 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. Citigroup boosted their price objective 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. Finally, JPMorgan Chase & Co. raised their target price on Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Philip Morris International currently has an average rating of “Moderate Buy” and an average price target of $131.35.

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.