First National Bank of Omaha grew its holdings in Philip Morris International Inc. (NYSE:PM – Free Report) by 4,837.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 80,476 shares of the company’s stock after buying an additional 78,846 shares during the quarter. First National Bank of Omaha’s holdings in Philip Morris International were worth $13,010,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Dogwood Wealth Management LLC grew its stake in shares of Philip Morris International by 96.5% in the third quarter. Dogwood Wealth Management LLC now owns 167 shares of the company’s stock worth $27,000 after acquiring an additional 82 shares in the last quarter. Richards Merrill & Peterson Inc. acquired a new position in shares of Philip Morris International in the fourth quarter worth $28,000. Entrust Financial LLC acquired a new position in shares of Philip Morris International in the fourth quarter worth $31,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Philip Morris International in the third quarter worth $32,000. Finally, FNY Investment Advisers LLC acquired a new position in shares of Philip Morris International in the third quarter worth $33,000. Institutional investors and hedge funds own 78.63% of the company’s stock.
Philip Morris International Trading Up 2.0%
Shares of NYSE:PM opened at $184.41 on Friday. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $193.05. The company’s 50 day moving average is $172.61 and its two-hundred day moving average is $169.80. The company has a market cap of $287.41 billion, a PE ratio of 25.94, a P/E/G ratio of 2.09 and a beta of 0.38.
Philip Morris International Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Thursday, June 25th will be given a $1.47 dividend. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.2%. Philip Morris International’s dividend payout ratio is currently 82.70%.
Analysts Set New Price Targets
Several equities analysts have commented on PM shares. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, May 20th. Morgan Stanley boosted their price target on shares of Philip Morris International from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 3rd. Bank of America restated a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. UBS Group dropped their price target on shares of Philip Morris International from $181.50 to $168.00 and set a “neutral” rating for the company in a research note on Friday, April 17th. Finally, Stifel Nicolaus dropped their price objective on shares of Philip Morris International from $200.00 to $195.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Philip Morris International has a consensus rating of “Moderate Buy” and an average price target of $192.88.
View Our Latest Analysis on PM
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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