Semanteon Capital Management LP acquired a new stake in Philip Morris International Inc. (NYSE:PM – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,454 shares of the company’s stock, valued at approximately $560,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of PM. Corient Private Wealth LLC lifted its holdings in Philip Morris International by 1.2% during the second quarter. Corient Private Wealth LLC now owns 490,590 shares of the company’s stock worth $89,354,000 after buying an additional 5,681 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of Philip Morris International by 10.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 549,481 shares of the company’s stock worth $84,922,000 after acquiring an additional 51,399 shares in the last quarter. Dynasty Wealth Management LLC lifted its stake in shares of Philip Morris International by 53.0% during the 3rd quarter. Dynasty Wealth Management LLC now owns 27,772 shares of the company’s stock worth $4,505,000 after purchasing an additional 9,622 shares during the last quarter. Westwood Holdings Group Inc. lifted its stake in shares of Philip Morris International by 295.8% during the 2nd quarter. Westwood Holdings Group Inc. now owns 67,717 shares of the company’s stock worth $12,333,000 after purchasing an additional 50,610 shares during the last quarter. Finally, Stratos Wealth Partners LTD. boosted its position in Philip Morris International by 23.6% during the third quarter. Stratos Wealth Partners LTD. now owns 43,926 shares of the company’s stock valued at $7,125,000 after purchasing an additional 8,392 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.
Philip Morris International Price Performance
Shares of PM opened at $183.35 on Friday. The company’s fifty day moving average price is $170.72 and its 200-day moving average price is $163.09. Philip Morris International Inc. has a 1-year low of $142.11 and a 1-year high of $190.98. The firm has a market capitalization of $285.41 billion, a PE ratio of 25.22, a price-to-earnings-growth ratio of 2.09 and a beta of 0.39.
Philip Morris International Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Friday, December 26th were given a $1.47 dividend. The ex-dividend date was Friday, December 26th. This represents a $5.88 dividend on an annualized basis and a yield of 3.2%. Philip Morris International’s dividend payout ratio is currently 80.88%.
Wall Street Analysts Forecast Growth
Several analysts have commented on the stock. Jefferies Financial Group lowered shares of Philip Morris International from a “buy” rating to a “hold” rating and decreased their price target for the company from $220.00 to $180.00 in a research report on Tuesday, January 20th. UBS Group restated a “neutral” rating and issued a $181.50 target price on shares of Philip Morris International in a research note on Monday, February 9th. Citigroup upped their price target on Philip Morris International from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Barclays reduced their target price on Philip Morris International from $220.00 to $180.00 and set an “overweight” rating on the stock in a research report on Monday, November 17th. Finally, Stifel Nicolaus set a $200.00 price target on Philip Morris International in a research note on Monday, February 9th. Eleven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Philip Morris International currently has a consensus rating of “Moderate Buy” and a consensus target price of $194.06.
View Our Latest Analysis 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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