CX Institutional Raises Stock Position in Philip Morris International Inc. (NYSE:PM)

CX Institutional grew its holdings in Philip Morris International Inc. (NYSE:PM) by 12.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,520 shares of the company’s stock after purchasing an additional 958 shares during the quarter. CX Institutional’s holdings in Philip Morris International were worth $1,025,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Valley Wealth Managers Inc. increased its position in shares of Philip Morris International by 457.5% during the third quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock worth $27,000 after acquiring an additional 183 shares during the period. Dunhill Financial LLC raised its position in Philip Morris International by 203.8% in the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock valued at $29,000 after purchasing an additional 161 shares in the last quarter. Concord Wealth Partners boosted its stake in shares of Philip Morris International by 2,709.1% in the 3rd quarter. Concord Wealth Partners now owns 309 shares of the company’s stock valued at $38,000 after buying an additional 298 shares during the period. Darwin Wealth Management LLC acquired a new position in shares of Philip Morris International during the third quarter worth about $54,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in shares of Philip Morris International during the fourth quarter worth approximately $54,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Stock Up 1.5 %

Shares of NYSE:PM opened at $127.28 on Friday. The company has a market cap of $197.89 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 2.01 and a beta of 0.54. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $134.15. The firm’s 50-day simple moving average is $125.30 and its 200-day simple moving average is $121.97.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is 85.71%.

Wall Street Analyst Weigh In

Several research analysts have commented on PM shares. Morgan Stanley assumed coverage on shares of Philip Morris International in a report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price target for the company. JPMorgan Chase & Co. lifted their price target on Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Barclays lowered their price objective on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft raised their target price on Philip Morris International from $118.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Finally, Citigroup upped their price target on Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.35.

Philip Morris International Company Profile

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.