Mufg Securities Americas Inc. grew its holdings in Philip Morris International Inc. (NYSE:PM – Free Report) by 21.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 41,975 shares of the company’s stock after purchasing an additional 7,478 shares during the quarter. Mufg Securities Americas Inc.’s holdings in Philip Morris International were worth $6,808,000 as of its most recent filing with the SEC.
Several other large investors have also made changes to their positions in the business. Corient Private Wealth LLC lifted its stake in shares of Philip Morris International by 1.2% in the second quarter. Corient Private Wealth LLC now owns 490,590 shares of the company’s stock valued at $89,354,000 after buying an additional 5,681 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in 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 valued at $84,922,000 after buying an additional 51,399 shares during the period. Dynasty Wealth Management LLC raised its stake in shares of Philip Morris International by 53.0% in the 3rd quarter. Dynasty Wealth Management LLC now owns 27,772 shares of the company’s stock valued at $4,505,000 after buying an additional 9,622 shares in the last quarter. Westwood Holdings Group Inc. lifted its holdings 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 acquiring an additional 50,610 shares during the period. Finally, Stratos Wealth Partners LTD. boosted its position in shares of Philip Morris International by 23.6% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 43,926 shares of the company’s stock valued at $7,125,000 after acquiring an additional 8,392 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.
Philip Morris International Stock Performance
Philip Morris International stock opened at $187.12 on Tuesday. The business’s fifty day moving average is $171.30 and its two-hundred day moving average is $163.19. The firm has a market cap of $291.28 billion, a P/E ratio of 25.74, a P/E/G ratio of 2.09 and a beta of 0.39. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $190.98.
Philip Morris International Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Friday, December 26th were given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Friday, December 26th. Philip Morris International’s dividend payout ratio is presently 80.88%.
Wall Street Analyst Weigh In
A number of research analysts have commented on PM shares. Wall Street Zen cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Barclays restated an “overweight” rating and set a $205.00 target price on shares of Philip Morris International in a research report on Monday. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research report on Thursday, January 22nd. Jefferies Financial Group cut Philip Morris International from a “buy” rating to a “hold” rating and cut their price objective for the company from $220.00 to $180.00 in a report on Tuesday, January 20th. Finally, Stifel Nicolaus set a $200.00 target price on shares of Philip Morris International in a report on Monday, February 9th. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $196.83.
Check Out Our Latest Report on Philip Morris International
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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