Integrated Advisors Network LLC lowered its position in shares of Philip Morris International Inc. (NYSE:PM – Free Report) by 35.0% in the first quarter, Holdings Channel reports. The institutional investor owned 6,517 shares of the company’s stock after selling 3,516 shares during the period. Integrated Advisors Network LLC’s holdings in Philip Morris International were worth $1,078,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Resurgent Financial Advisors LLC raised its stake in Philip Morris International by 3.7% in the 4th quarter. Resurgent Financial Advisors LLC now owns 1,523 shares of the company’s stock worth $244,000 after purchasing an additional 54 shares in the last quarter. Douglass Winthrop Advisors LLC grew its position in shares of Philip Morris International by 0.3% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 18,344 shares of the company’s stock worth $2,942,000 after purchasing an additional 56 shares in the last quarter. Outlook Wealth Advisors LLC increased its holdings in shares of Philip Morris International by 4.6% during the fourth quarter. Outlook Wealth Advisors LLC now owns 1,320 shares of the company’s stock worth $212,000 after purchasing an additional 58 shares during the period. Aristotle Capital Management LLC increased its holdings in shares of Philip Morris International by 4.4% during the fourth quarter. Aristotle Capital Management LLC now owns 1,384 shares of the company’s stock worth $222,000 after purchasing an additional 58 shares during the period. Finally, Tranquility Partners LLC raised its position in shares of Philip Morris International by 2.4% in the fourth quarter. Tranquility Partners LLC now owns 2,489 shares of the company’s stock valued at $399,000 after buying an additional 59 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.
Philip Morris International Trading Down 0.3%
NYSE PM opened at $187.31 on Thursday. The firm’s 50 day simple moving average is $180.23 and its 200 day simple moving average is $173.37. The firm has a market capitalization of $291.93 billion, a price-to-earnings ratio of 26.34, a P/E/G ratio of 2.21 and a beta of 0.38. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $193.05.
Philip Morris International Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Thursday, June 25th will be given a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Thursday, June 25th. Philip Morris International’s dividend payout ratio is currently 82.70%.
Analyst Ratings Changes
Several brokerages recently issued reports on PM. UBS Group boosted their price target on Philip Morris International from $168.00 to $182.00 and gave the company a “neutral” rating in a research note on Thursday, July 2nd. Morgan Stanley lifted their price objective on Philip Morris International from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, May 20th. Bank of America reissued a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. Finally, Stifel Nicolaus decreased their price target on 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 analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Philip Morris International presently has an average rating of “Moderate Buy” and an average price target of $194.62.
Read Our Latest 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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