Perryman Financial Advisory Inc. AD purchased a new stake in Philip Morris International Inc. (NYSE:PM – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,014 shares of the company’s stock, valued at approximately $804,000.
Several other large investors have also recently bought and sold shares of the stock. Palisade Asset Management LLC increased its stake in shares of Philip Morris International by 14,420.0% during the fourth quarter. Palisade Asset Management LLC now owns 1,452 shares of the company’s stock worth $233,000 after purchasing an additional 1,442 shares during the period. Piedmont Capital Management LLC NC bought a new stake in Philip Morris International in the 4th quarter valued at $762,000. Portfolio Resources Advisor Group Inc. bought a new stake in Philip Morris International in the 4th quarter valued at $26,000. Resources Management Corp CT ADV grew its holdings in Philip Morris International by 44.0% in the 4th quarter. Resources Management Corp CT ADV now owns 3,600 shares of the company’s stock valued at $577,000 after buying an additional 1,100 shares in the last quarter. Finally, Sargent Investment Group LLC acquired a new position in Philip Morris International in the 4th quarter valued at $602,000. 78.63% of the stock is owned by institutional investors.
Philip Morris International Stock Performance
NYSE:PM opened at $184.41 on Monday. The stock has a fifty day moving average price of $172.61 and a 200-day moving average price of $169.93. The company has a market cap of $287.41 billion, a price-to-earnings ratio of 25.94, a PEG ratio of 2.13 and a beta of 0.38. Philip Morris International Inc. has a fifty-two week low of $142.11 and a fifty-two week high of $193.05.
Philip Morris International Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Thursday, June 25th will be issued a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Thursday, June 25th. Philip Morris International’s dividend payout ratio (DPR) is currently 82.70%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on PM shares. UBS Group dropped their target price on Philip Morris International from $181.50 to $168.00 and set a “neutral” rating for the company in a report on Friday, April 17th. Needham & Company LLC restated a “buy” rating and issued a $200.00 price target on shares of Philip Morris International in a research note on Thursday, April 23rd. Morgan Stanley lifted their price objective on shares of Philip Morris International from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 3rd. Stifel Nicolaus cut their price objective on shares of Philip Morris International from $200.00 to $195.00 and set a “buy” rating for the company in a report on Friday, April 10th. Finally, Bank of America restated a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Ten 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 MarketBeat.com, Philip Morris International currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.88.
Read Our Latest Stock Report on PM
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.
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