Ritter Daniher Financial Advisory LLC DE Boosts Position in Philip Morris International Inc. $PM

Ritter Daniher Financial Advisory LLC DE lifted its stake in Philip Morris International Inc. (NYSE:PM) by 4,189.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,289 shares of the company’s stock after purchasing an additional 4,189 shares during the period. Ritter Daniher Financial Advisory LLC DE’s holdings in Philip Morris International were worth $696,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new position in Philip Morris International during the 2nd quarter valued at about $25,000. Traub Capital Management LLC bought a new position in Philip Morris International during the 2nd quarter valued at about $25,000. Marquette Asset Management LLC grew its holdings in shares of Philip Morris International by 1,677.8% in the third quarter. Marquette Asset Management LLC now owns 160 shares of the company’s stock worth $26,000 after acquiring an additional 151 shares during the period. Briaud Financial Planning Inc lifted its stake in shares of Philip Morris International by 266.7% in the 2nd quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock worth $30,000 after purchasing an additional 120 shares during the period. Finally, Estabrook Capital Management purchased a new position in shares of Philip Morris International during the 2nd quarter worth $30,000. 78.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on PM. Barclays dropped their price target on shares of Philip Morris International from $220.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, November 17th. Stifel Nicolaus set a $180.00 price objective on Philip Morris International in a research note on Tuesday, October 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research report on Thursday, January 22nd. Morgan Stanley set a $175.00 price target on Philip Morris International and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. decreased their target price on Philip Morris International from $190.00 to $185.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Eleven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $184.56.

Philip Morris International Stock Down 0.3%

Philip Morris International stock opened at $177.97 on Friday. Philip Morris International Inc. has a 52 week low of $128.25 and a 52 week high of $186.69. The company has a market capitalization of $277.04 billion, a price-to-earnings ratio of 32.24, a price-to-earnings-growth ratio of 1.92 and a beta of 0.40. The stock has a 50-day moving average price of $161.05 and a 200 day moving average price of $161.57.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Friday, December 26th were given a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 3.3%. The ex-dividend date was Friday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is currently 106.52%.

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.