PKO Investment Management Joint Stock Co bought a new position in shares of Philip Morris International Inc. (NYSE:PM – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 11,475 shares of the company’s stock, valued at approximately $1,841,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Souders Financial Advisors increased its holdings in Philip Morris International by 18.9% in the fourth quarter. Souders Financial Advisors now owns 10,479 shares of the company’s stock valued at $1,681,000 after purchasing an additional 1,664 shares during the period. Legacy Edge Advisors LLC acquired a new position in Philip Morris International during the 4th quarter worth about $203,000. Pittenger & Anderson Inc. lifted its holdings in Philip Morris International by 165.5% during the 4th quarter. Pittenger & Anderson Inc. now owns 35,896 shares of the company’s stock worth $5,758,000 after buying an additional 22,378 shares during the period. Aurora Private Wealth Inc. bought a new stake in shares of Philip Morris International in the 4th quarter valued at about $250,000. Finally, Benjamin Edwards Inc. grew its position in shares of Philip Morris International by 16.2% in the 4th quarter. Benjamin Edwards Inc. now owns 101,779 shares of the company’s stock valued at $16,327,000 after buying an additional 14,200 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.
Philip Morris International Price Performance
Shares of NYSE:PM opened at $166.60 on Friday. The company has a market capitalization of $259.66 billion, a price-to-earnings ratio of 23.43, a P/E/G ratio of 1.91 and a beta of 0.37. The business’s 50-day moving average is $167.62 and its 200-day moving average is $164.16. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $191.30.
Philip Morris International Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 13th. Stockholders of record on Thursday, March 19th were paid a $1.47 dividend. The ex-dividend date was Thursday, March 19th. This represents a $5.88 annualized dividend and a dividend yield of 3.5%. Philip Morris International’s payout ratio is currently 82.70%.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on PM. Morgan Stanley lowered their price objective on Philip Morris International from $205.00 to $190.00 and set an “overweight” rating for the company in a research report on Friday, April 17th. Needham & Company LLC reiterated a “buy” rating and issued a $200.00 target price on shares of Philip Morris International in a report on Thursday, April 23rd. Stifel Nicolaus decreased their target price on shares of Philip Morris International from $200.00 to $195.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Jefferies Financial Group lowered shares of Philip Morris International from a “buy” rating to a “hold” rating and lowered their price target for the stock from $220.00 to $180.00 in a report on Tuesday, January 20th. Finally, Barclays restated an “overweight” rating and issued a $205.00 price target on shares of Philip Morris International in a research report on Monday, February 23rd. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $192.56.
Get Our Latest Research Report on PM
Insider Buying and Selling at Philip Morris International
In other Philip Morris International news, CFO Emmanuel Babeau sold 33,800 shares of the firm’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $181.61, for a total value of $6,138,418.00. Following the completion of the sale, the chief financial officer directly owned 164,463 shares in the company, valued at approximately $29,868,125.43. This trade represents a 17.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jacek Olczak sold 80,000 shares of Philip Morris International stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $182.18, for a total transaction of $14,574,400.00. Following the completion of the sale, the chief executive officer directly owned 632,344 shares of the company’s stock, valued at approximately $115,200,429.92. This trade represents a 11.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.13% of the company’s stock.
Philip Morris International Profile
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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