Kapstone Financial Advisors LLC raised its holdings in shares of Philip Morris International Inc. (NYSE:PM – Free Report) by 74.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,000 shares of the company’s stock after acquiring an additional 5,991 shares during the quarter. Philip Morris International makes up 1.1% of Kapstone Financial Advisors LLC’s investment portfolio, making the stock its 20th biggest holding. Kapstone Financial Advisors LLC’s holdings in Philip Morris International were worth $2,271,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Hardy Reed LLC lifted its stake in Philip Morris International by 3.3% during the third quarter. Hardy Reed LLC now owns 10,797 shares of the company’s stock worth $1,751,000 after purchasing an additional 346 shares during the last quarter. GenTrust LLC acquired a new stake in Philip Morris International during the third quarter worth approximately $298,000. Uniting Wealth Partners LLC lifted its position in shares of Philip Morris International by 16.2% during the 3rd quarter. Uniting Wealth Partners LLC now owns 6,975 shares of the company’s stock worth $1,131,000 after buying an additional 971 shares during the last quarter. NorthStar Asset Management LLC NJ lifted its position in shares of Philip Morris International by 14.7% during the 3rd quarter. NorthStar Asset Management LLC NJ now owns 8,068 shares of the company’s stock worth $1,309,000 after buying an additional 1,034 shares during the last quarter. Finally, Capital CS Group LLC acquired a new position in shares of Philip Morris International in the 3rd quarter valued at $383,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.
Philip Morris International Price Performance
Shares of NYSE PM opened at $187.35 on Friday. The stock has a fifty day moving average price of $167.34 and a 200 day moving average price of $162.35. Philip Morris International Inc. has a 1-year low of $142.11 and a 1-year high of $190.98. The company has a market cap of $291.64 billion, a PE ratio of 25.77, a P/E/G ratio of 2.07 and a beta of 0.39.
Philip Morris International Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th were given a dividend of $1.47 per share. The ex-dividend date was Friday, December 26th. This represents a $5.88 annualized dividend and a yield of 3.1%. Philip Morris International’s payout ratio is presently 80.88%.
Analysts Set New Price Targets
Several equities research analysts recently commented on PM shares. Morgan Stanley reiterated an “overweight” rating and set a $205.00 price target on shares of Philip Morris International in a research note on Monday, February 9th. The Goldman Sachs Group reissued a “buy” rating on shares of Philip Morris International in a research report on Wednesday, October 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research note on Thursday, January 22nd. UBS Group restated a “neutral” rating and set a $181.50 target price on shares of Philip Morris International in a research report on Monday, February 9th. Finally, Wall Street Zen downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $194.06.
View Our Latest Stock Analysis on PM
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.
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