OLD Second National Bank of Aurora lowered its stake in Philip Morris International Inc. (NYSE:PM – Free Report) by 21.5% during the fourth quarter, Holdings Channel reports. The firm owned 5,471 shares of the company’s stock after selling 1,499 shares during the period. OLD Second National Bank of Aurora’s holdings in Philip Morris International were worth $658,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the business. Busey Bank boosted its stake in Philip Morris International by 2.2% in the fourth quarter. Busey Bank now owns 194,038 shares of the company’s stock valued at $23,353,000 after buying an additional 4,229 shares in the last quarter. Abel Hall LLC acquired a new stake in Philip Morris International in the fourth quarter valued at about $207,000. Synergy Asset Management LLC acquired a new stake in Philip Morris International in the fourth quarter valued at about $157,000. Enzi Wealth boosted its stake in Philip Morris International by 7.4% in the fourth quarter. Enzi Wealth now owns 1,834 shares of the company’s stock valued at $225,000 after buying an additional 127 shares in the last quarter. Finally, Gries Financial LLC acquired a new stake in Philip Morris International in the fourth quarter valued at about $228,000. 78.63% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the company. UBS Group lifted their price target on Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a research note on Wednesday, October 23rd. Morgan Stanley began coverage on Philip Morris International in a research note on Thursday, January 16th. They set an “overweight” rating and a $140.00 price target on the stock. JPMorgan Chase & Co. lifted their price objective on Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $145.00 price objective (up from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. Finally, Citigroup lifted their price objective on Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $131.35.
Philip Morris International Stock Performance
Shares of PM stock opened at $129.62 on Thursday. The company has a market cap of $201.53 billion, a P/E ratio of 20.57, a PEG ratio of 2.01 and a beta of 0.54. The stock has a 50 day simple moving average of $125.26 and a two-hundred day simple moving average of $122.59. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $134.15.
Philip Morris International Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were issued a dividend of $1.35 per share. The ex-dividend date was Thursday, December 26th. This represents a $5.40 annualized dividend and a dividend yield of 4.17%. Philip Morris International’s dividend payout ratio is 85.71%.
Philip Morris International 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.
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