MASTERINVEST Kapitalanlage GmbH acquired a new position in Philip Morris International Inc. (NYSE:PM – Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 12,965 shares of the company’s stock, valued at approximately $2,345,000.
Several other large investors have also recently added to or reduced their stakes in PM. Brighton Jones LLC lifted its holdings in Philip Morris International by 31.1% in the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock worth $1,027,000 after purchasing an additional 2,023 shares during the period. Revolve Wealth Partners LLC grew its position in Philip Morris International by 4.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock valued at $252,000 after buying an additional 91 shares in the last quarter. Sivia Capital Partners LLC increased its stake in Philip Morris International by 53.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,636 shares of the company’s stock valued at $1,027,000 after buying an additional 1,970 shares during the period. Jump Financial LLC bought a new stake in shares of Philip Morris International during the 2nd quarter worth about $2,454,000. Finally, Osterweis Capital Management Inc. raised its position in shares of Philip Morris International by 2,280.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 357 shares of the company’s stock worth $65,000 after buying an additional 342 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.
Philip Morris International Stock Down 1.8%
NYSE:PM opened at $190.52 on Friday. Philip Morris International Inc. has a 1-year low of $142.11 and a 1-year high of $207.76. The firm has a market capitalization of $296.94 billion, a price-to-earnings ratio of 27.37, a price-to-earnings-growth ratio of 2.34 and a beta of 0.38. The stock has a fifty day simple moving average of $186.94 and a 200 day simple moving average of $178.69.
Philip Morris International Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Thursday, June 25th were issued a dividend of $1.47 per share. The ex-dividend date was Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.1%. Philip Morris International’s payout ratio is currently 84.48%.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the stock. BTIG Research set a $221.00 price objective on shares of Philip Morris International and gave the company a “buy” rating in a report on Friday, July 24th. Stifel Nicolaus boosted their target price on Philip Morris International from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Morgan Stanley upped their target price on Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Barclays increased their price target on Philip Morris International from $205.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Finally, UBS Group boosted their price objective on Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a research note on Thursday, July 2nd. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $205.89.
Check Out Our Latest Research Report on PM
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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