CDM Financial Counseling Services Inc. bought a new stake in shares of Philip Morris International Inc. (NYSE:PM – Free Report) in the 4th quarter, HoldingsChannel.com reports. The firm bought 7,224 shares of the company’s stock, valued at approximately $1,159,000. Philip Morris International makes up about 1.1% of CDM Financial Counseling Services Inc.’s portfolio, making the stock its 25th largest holding.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Tranquility Partners LLC boosted its stake in shares of Philip Morris International by 2.4% during the 4th quarter. Tranquility Partners LLC now owns 2,489 shares of the company’s stock valued at $399,000 after buying an additional 59 shares during the last quarter. Stonebridge Financial Group LLC boosted its stake in shares of Philip Morris International by 2.2% during the 4th quarter. Stonebridge Financial Group LLC now owns 2,763 shares of the company’s stock valued at $443,000 after buying an additional 60 shares during the last quarter. Capital Advisors Wealth Management LLC boosted its stake in shares of Philip Morris International by 1.8% during the 4th quarter. Capital Advisors Wealth Management LLC now owns 3,372 shares of the company’s stock valued at $541,000 after buying an additional 61 shares during the last quarter. Townsend Asset Management Corp NC ADV boosted its stake in shares of Philip Morris International by 2.4% during the 4th quarter. Townsend Asset Management Corp NC ADV now owns 2,662 shares of the company’s stock valued at $427,000 after buying an additional 62 shares during the last quarter. Finally, Galvin Gaustad & Stein LLC boosted its stake in shares of Philip Morris International by 0.7% during the 4th quarter. Galvin Gaustad & Stein LLC now owns 9,249 shares of the company’s stock valued at $1,484,000 after buying an additional 63 shares during the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.
Philip Morris International Price Performance
Shares of PM opened at $189.66 on Monday. The business’s fifty day moving average price is $166.78 and its 200 day moving average price is $165.69. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $192.95. The stock has a market capitalization of $295.59 billion, a PE ratio of 26.67, a price-to-earnings-growth ratio of 2.18 and a beta of 0.37.
Philip Morris International Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, April 13th. Shareholders of record on Thursday, March 19th were issued a $1.47 dividend. The ex-dividend date of this dividend was Thursday, March 19th. This represents a $5.88 dividend on an annualized basis and a yield of 3.1%. Philip Morris International’s dividend payout ratio (DPR) is currently 82.70%.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on PM shares. Needham & Company LLC reaffirmed a “buy” rating and set a $200.00 price target on shares of Philip Morris International in a research report on Thursday, April 23rd. Barclays reaffirmed an “overweight” rating and set a $205.00 price target on shares of Philip Morris International in a research report on Monday, February 23rd. Jefferies Financial Group cut shares of Philip Morris International from a “buy” rating to a “hold” rating and reduced their price target for the stock from $220.00 to $180.00 in a research report on Tuesday, January 20th. Citigroup increased their price target on shares of Philip Morris International from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Finally, Stifel Nicolaus reduced their price target on shares of Philip Morris International from $200.00 to $195.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $192.56.
Check Out Our Latest Analysis on Philip Morris International
Insider Transactions at Philip Morris International
In other Philip Morris International news, CEO Jacek Olczak sold 80,000 shares of the firm’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 owned 632,344 shares of the company’s stock, valued at $115,200,429.92. This trade represents a 11.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Emmanuel Babeau sold 33,800 shares of the firm’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $181.61, for a total value of $6,138,418.00. Following the completion of the sale, the chief financial officer owned 164,463 shares in the company, valued at $29,868,125.43. The trade was a 17.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.13% of the company’s stock.
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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