Philip Morris International Inc. $PM Shares Purchased by Ritter Daniher Financial Advisory LLC DE

Ritter Daniher Financial Advisory LLC DE lifted its holdings in Philip Morris International Inc. (NYSE:PM) by 4,189.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,289 shares of the company’s stock after buying an additional 4,189 shares during the period. Ritter Daniher Financial Advisory LLC DE’s holdings in Philip Morris International were worth $696,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Alpha Cubed Investments LLC grew its stake in shares of Philip Morris International by 3.4% in the 3rd quarter. Alpha Cubed Investments LLC now owns 2,925 shares of the company’s stock valued at $474,000 after buying an additional 97 shares during the period. Valley Wealth Managers Inc. acquired a new position in shares of Philip Morris International during the third quarter worth about $107,000. Carl P. Sherr & Co. LLC acquired a new stake in Philip Morris International in the third quarter valued at $201,000. Tandem Investment Advisors Inc. grew its position in shares of Philip Morris International by 45.1% in the 3rd quarter. Tandem Investment Advisors Inc. now owns 3,056 shares of the company’s stock valued at $496,000 after buying an additional 950 shares during the last quarter. Finally, Ruffer LLP increased its position in Philip Morris International by 1.0% during the third quarter. Ruffer LLP now owns 95,079 shares of the company’s stock worth $15,422,000 after buying an additional 970 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Stock Down 0.3%

Shares of PM opened at $177.97 on Friday. Philip Morris International Inc. has a 52-week low of $128.25 and a 52-week high of $186.69. The firm has a market capitalization of $277.04 billion, a PE ratio of 32.24, a P/E/G ratio of 1.92 and a beta of 0.40. The firm has a 50-day moving average price of $161.05 and a 200 day moving average price of $161.57.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th were issued a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Friday, December 26th. Philip Morris International’s dividend payout ratio is presently 106.52%.

Analysts Set New Price Targets

PM has been the subject of several analyst reports. Wall Street Zen cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Stifel Nicolaus set a $180.00 price objective on Philip Morris International in a research report on Tuesday, October 21st. Barclays dropped their price objective on shares of Philip Morris International from $220.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, November 17th. Jefferies Financial Group cut shares of Philip Morris International from a “buy” rating to a “hold” rating and decreased their price objective for the company from $220.00 to $180.00 in a research report on Tuesday, January 20th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Philip Morris International from $190.00 to $185.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $184.56.

Philip Morris International Company 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.