Integrity Alliance LLC. grew its holdings in Philip Morris International Inc. (NYSE:PM – Free Report) by 437.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 14,437 shares of the company’s stock after purchasing an additional 11,751 shares during the period. Integrity Alliance LLC.’s holdings in Philip Morris International were worth $2,316,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Dogwood Wealth Management LLC lifted its holdings 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 valued at $27,000 after purchasing an additional 82 shares in the last quarter. Richards Merrill & Peterson Inc. purchased a new stake in shares of Philip Morris International in the fourth quarter valued at $28,000. Entrust Financial LLC purchased a new stake in shares of Philip Morris International in the fourth quarter valued at $31,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Philip Morris International in the third quarter valued at $32,000. Finally, McIlrath & Eck LLC purchased a new stake in shares of Philip Morris International in the second quarter valued at $36,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.
Philip Morris International Trading Up 0.3%
Shares of NYSE:PM opened at $182.11 on Thursday. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $193.05. The business has a fifty day simple moving average of $169.35 and a 200 day simple moving average of $167.98. The firm has a market cap of $283.82 billion, a price-to-earnings ratio of 25.61, a P/E/G ratio of 2.09 and a beta of 0.37.
Philip Morris International Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, April 13th. Shareholders of record on Thursday, March 19th were given a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Thursday, March 19th. Philip Morris International’s dividend payout ratio is presently 82.70%.
Analysts Set New Price Targets
PM has been the subject of a number of research analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, May 20th. Needham & Company LLC restated a “buy” rating and issued a $200.00 target price on shares of Philip Morris International in a report on Thursday, April 23rd. UBS Group reduced their target price on Philip Morris International from $181.50 to $168.00 and set a “neutral” rating for the company in a report on Friday, April 17th. Stifel Nicolaus reduced their target price on Philip Morris International from $200.00 to $195.00 and set a “buy” rating for the company in a report on Friday, April 10th. Finally, Bank of America reiterated a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. Ten research 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, Philip Morris International presently has an average rating of “Moderate Buy” and a consensus target price of $192.56.
Read Our Latest Research Report on PM
Philip Morris International Company 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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