LGT Fund Management Co Ltd. raised its holdings in Philip Morris International Inc. (NYSE:PM – Free Report) by 31.9% during the third quarter, Holdings Channel reports. The institutional investor owned 40,048 shares of the company’s stock after buying an additional 9,695 shares during the quarter. LGT Fund Management Co Ltd.’s holdings in Philip Morris International were worth $6,442,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in PM. Legacy Investment Solutions LLC acquired a new stake in shares of Philip Morris International in the 2nd quarter worth about $25,000. Traub Capital Management LLC bought a new position in Philip Morris International in the 2nd quarter valued at about $25,000. Marquette Asset Management LLC boosted its stake in Philip Morris International by 1,677.8% during the 3rd quarter. Marquette Asset Management LLC now owns 160 shares of the company’s stock valued at $26,000 after purchasing an additional 151 shares during the last quarter. Dogwood Wealth Management LLC boosted its stake in Philip Morris International by 96.5% during the 3rd quarter. Dogwood Wealth Management LLC now owns 167 shares of the company’s stock valued at $27,000 after purchasing an additional 82 shares during the last quarter. Finally, Estabrook Capital Management bought a new stake in Philip Morris International during the 2nd quarter worth approximately $30,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.
Philip Morris International Stock Up 0.1%
Philip Morris International stock opened at $169.91 on Monday. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $191.30. The company’s 50 day moving average price is $175.14 and its two-hundred day moving average price is $164.02. The stock has a market cap of $264.50 billion, a P/E ratio of 23.37, a P/E/G ratio of 1.94 and a beta of 0.38.
Philip Morris International Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Thursday, March 19th will be paid a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Thursday, March 19th. Philip Morris International’s dividend payout ratio is 80.88%.
Analyst Ratings Changes
Several analysts have recently commented on PM shares. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research note on Thursday, January 22nd. Wall Street Zen cut Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Morgan Stanley reissued an “overweight” rating and issued a $205.00 price target on shares of Philip Morris International in a research report on Monday, February 9th. JPMorgan Chase & Co. dropped their price objective on Philip Morris International from $190.00 to $185.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. Finally, Stifel Nicolaus set a $200.00 price objective on shares of Philip Morris International in a report on Monday, February 9th. Eleven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $196.83.
Check Out Our Latest Stock Analysis on PM
Insider Buying and Selling at Philip Morris International
In related news, CEO Jacek Olczak sold 80,000 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $182.18, for a total value of $14,574,400.00. Following the transaction, the chief executive officer directly owned 632,344 shares of the company’s stock, valued at approximately $115,200,429.92. The trade was a 11.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Emmanuel Babeau sold 33,800 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $181.61, for a total transaction of $6,138,418.00. Following the transaction, the chief financial officer owned 164,463 shares of the company’s stock, valued at approximately $29,868,125.43. The trade was a 17.05% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.13% of the company’s stock.
More Philip Morris International News
Here are the key news stories impacting Philip Morris International this week:
- Positive Sentiment: Board declared a $1.47 quarterly dividend, payable Apr 13; that supports the stock’s income thesis and steady yield profile for dividend investors. Philip Morris International Declares Regular Quarterly Dividend of $1.47 Per Share
- Positive Sentiment: Several bullish analyses highlight PM’s cash flow, margins and smoke‑free growth as reasons it can still be a growth+income holding — supporting demand from long‑term investors. Looking for a Growth Stock? 3 Reasons Why Philip Morris (PM) is a Solid Choice
- Neutral Sentiment: Commentary asks whether the recent pullback is a buying opportunity given PM’s low‑debt structure and steady cash generation — views differ, so this keeps trading volume and sentiment mixed. Is PM Stock’s Recent Slide A Start Of A Deeper Dive?
- Neutral Sentiment: Industry pieces on “sin stocks” and community PR (donation tied to smoke‑free narrative) reinforce PM’s resilient cashflow story but have limited immediate price impact. Sin Stock Investing: Are There Opportunities Beyond Ethical Debate?
- Neutral Sentiment: Analysts and retail pieces are debating whether the dividend announcement resets the buy case — useful for income buyers but not decisive for momentum traders. Is Philip Morris International Still a Buy After Recent Dividend Announcement?
- Negative Sentiment: Coverage flagged a price dip that “tests investor confidence” in PM’s dividend growth story — signaling some investors are skeptical about sustainability if operational/headline risks persist. Philip Morris Dip Tests Investor Confidence in Its Dividend Growth Story
- Negative Sentiment: Coverage pointed to a notable pullback tied to an earnings miss narrative and concerns around “delisting debt,” which has pressured shares and added short‑term selling risk. Why Philip Morris International (PM) Is Down 5.7% After Earnings Miss And Delisting Debt – And What’s Next
- Negative Sentiment: Valuation cautions (some analysts argue the stock is fully valued on its dividend) limit upside expectations and could cap investor enthusiasm absent stronger operational beats. Philip Morris: The Stock Appears Fully Valued Based On Its Dividends
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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Want to see what other hedge funds are holding PM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Philip Morris International Inc. (NYSE:PM – Free Report).
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