Exencial Wealth Advisors LLC grew its stake in Philip Morris International Inc. (NYSE:PM – Get Rating) by 23.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,186 shares of the company’s stock after purchasing an additional 1,349 shares during the period. Exencial Wealth Advisors LLC’s holdings in Philip Morris International were worth $683,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Moors & Cabot Inc. grew its stake in shares of Philip Morris International by 25.8% in the 3rd quarter. Moors & Cabot Inc. now owns 25,000 shares of the company’s stock valued at $26,000 after purchasing an additional 5,122 shares during the period. Bell Investment Advisors Inc bought a new stake in shares of Philip Morris International in the 3rd quarter valued at approximately $26,000. PSI Advisors LLC bought a new stake in shares of Philip Morris International in the 3rd quarter valued at approximately $28,000. Capitolis Advisors LLC acquired a new position in shares of Philip Morris International in the 3rd quarter worth approximately $30,000. Finally, Northwest Investment Counselors LLC acquired a new position in shares of Philip Morris International in the 4th quarter worth approximately $37,000. Institutional investors own 74.78% of the company’s stock.
Shares of Philip Morris International stock opened at $105.91 on Tuesday. The firm has a fifty day moving average of $98.02 and a two-hundred day moving average of $97.77. The stock has a market capitalization of $164.17 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 3.77 and a beta of 0.66. Philip Morris International Inc. has a 52 week low of $85.64 and a 52 week high of $112.48.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 12th. Shareholders of record on Thursday, March 24th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 4.72%. The ex-dividend date was Wednesday, March 23rd. Philip Morris International’s payout ratio is 86.51%.
In other Philip Morris International news, insider Wilde Frederic De sold 29,941 shares of the company’s stock in a transaction on Tuesday, February 22nd. The shares were sold at an average price of $108.49, for a total transaction of $3,248,299.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.
PM has been the topic of several recent analyst reports. The Goldman Sachs Group downgraded Philip Morris International from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $116.00 to $100.00 in a report on Tuesday, March 22nd. Bank of America boosted their target price on Philip Morris International from $107.00 to $117.00 in a report on Sunday, April 24th. UBS Group boosted their target price on Philip Morris International from $95.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, February 17th. StockNews.com assumed coverage on Philip Morris International in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, JPMorgan Chase & Co. downgraded Philip Morris International from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $130.00 to $110.00 in a report on Monday, March 7th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $112.00.
Philip Morris International Company Profile (Get Rating)
Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, smoke-free products, and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Creations, HEETS Dimensions, HEETS Marlboro, HEETS FROM MARLBORO, Marlboro Dimensions, Marlboro HeatSticks, and Parliament HeatSticks brands, as well as under the Fiit and Miix licensed brands.
- Get a free copy of the StockNews.com research report on Philip Morris International (PM)
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