Long Run Wealth Advisors LLC Raises Position in Philip Morris International Inc. (NYSE:PM)

Long Run Wealth Advisors LLC raised its position in Philip Morris International Inc. (NYSE:PM) by 61.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,138 shares of the company’s stock after acquiring an additional 1,958 shares during the quarter. Long Run Wealth Advisors LLC’s holdings in Philip Morris International were worth $618,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Intergy Private Wealth LLC grew its holdings in shares of Philip Morris International by 4.3% during the 4th quarter. Intergy Private Wealth LLC now owns 1,959 shares of the company’s stock worth $236,000 after acquiring an additional 80 shares during the period. 49 Wealth Management LLC grew its stake in Philip Morris International by 3.6% in the third quarter. 49 Wealth Management LLC now owns 2,432 shares of the company’s stock worth $295,000 after purchasing an additional 84 shares during the period. Woodmont Investment Counsel LLC grew its stake in Philip Morris International by 1.6% in the third quarter. Woodmont Investment Counsel LLC now owns 5,452 shares of the company’s stock worth $662,000 after purchasing an additional 86 shares during the period. Sargent Investment Group LLC raised its holdings in Philip Morris International by 2.2% in the fourth quarter. Sargent Investment Group LLC now owns 3,972 shares of the company’s stock worth $467,000 after purchasing an additional 86 shares in the last quarter. Finally, YHB Investment Advisors Inc. lifted its position in Philip Morris International by 4.2% during the third quarter. YHB Investment Advisors Inc. now owns 2,158 shares of the company’s stock valued at $262,000 after buying an additional 87 shares during the period. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Up 0.4 %

Shares of NYSE:PM opened at $130.91 on Thursday. The company has a market capitalization of $203.54 billion, a price-to-earnings ratio of 20.78, a PEG ratio of 2.30 and a beta of 0.55. Philip Morris International Inc. has a 12 month low of $87.82 and a 12 month high of $134.15. The firm’s 50-day moving average is $125.18 and its 200 day moving average is $123.41.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were issued a $1.35 dividend. 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 4.13%. Philip Morris International’s payout ratio is 85.71%.

Analyst Upgrades and Downgrades

PM has been the subject of several analyst reports. Barclays lowered their price objective on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Morgan Stanley started coverage on shares of Philip Morris International in a research note on Thursday, January 16th. They set an “overweight” rating and a $140.00 target price for the company. JPMorgan Chase & Co. increased their price target on Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $145.00 price objective (up previously from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. Finally, UBS Group increased their target price on Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a report on Wednesday, October 23rd. 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 MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.