Fortune Financial Advisors LLC Increases Stock Position in Philip Morris International Inc. (NYSE:PM)

Fortune Financial Advisors LLC raised its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 3.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,012 shares of the company’s stock after purchasing an additional 402 shares during the period. Philip Morris International makes up about 1.4% of Fortune Financial Advisors LLC’s investment portfolio, making the stock its 21st largest holding. Fortune Financial Advisors LLC’s holdings in Philip Morris International were worth $1,566,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of PM. Valley Wealth Managers Inc. raised its position in Philip Morris International by 457.5% in the 3rd quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock worth $27,000 after buying an additional 183 shares during the last quarter. Dunhill Financial LLC grew its stake in shares of Philip Morris International by 203.8% in the third quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock worth $29,000 after acquiring an additional 161 shares during the period. Concord Wealth Partners raised its holdings in shares of Philip Morris International by 2,709.1% during the third quarter. Concord Wealth Partners now owns 309 shares of the company’s stock valued at $38,000 after purchasing an additional 298 shares during the last quarter. Asset Dedication LLC lifted its position in Philip Morris International by 55.5% during the fourth quarter. Asset Dedication LLC now owns 412 shares of the company’s stock valued at $50,000 after purchasing an additional 147 shares during the period. Finally, Darwin Wealth Management LLC purchased a new stake in Philip Morris International in the third quarter worth approximately $54,000. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Price Performance

Philip Morris International stock opened at $130.32 on Friday. The stock has a market cap of $202.63 billion, a price-to-earnings ratio of 20.69, a price-to-earnings-growth ratio of 2.29 and a beta of 0.54. The firm has a 50-day moving average of $125.24 and a two-hundred day moving average of $122.63. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $134.15.

Philip Morris International Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.14%. Philip Morris International’s dividend payout ratio is presently 85.71%.

Wall Street Analyst Weigh In

PM has been the subject of several research analyst reports. UBS Group lifted their price objective on Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. upped their price target on shares of Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Morgan Stanley assumed coverage on shares of Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective on the stock. Citigroup increased their price target on shares of Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Finally, Barclays cut their price objective on shares of 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Philip Morris International currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.35.

About Philip Morris International

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.