Fidelis Capital Partners LLC Has $2.13 Million Stake in Philip Morris International Inc. $PM

Fidelis Capital Partners LLC increased its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 36.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 13,132 shares of the company’s stock after purchasing an additional 3,514 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Philip Morris International were worth $2,130,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new position in shares of Philip Morris International in the 2nd quarter valued at $25,000. Traub Capital Management LLC bought a new stake in Philip Morris International in the second quarter valued at about $25,000. Marquette Asset Management LLC lifted its stake in Philip Morris International by 1,677.8% in the third quarter. Marquette Asset Management LLC now owns 160 shares of the company’s stock valued at $26,000 after buying an additional 151 shares during the period. Briaud Financial Planning Inc boosted its holdings in Philip Morris International by 266.7% during the second quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock worth $30,000 after buying an additional 120 shares during the last quarter. Finally, Estabrook Capital Management acquired a new position in shares of Philip Morris International during the 2nd quarter worth about $30,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. The Goldman Sachs Group reiterated a “buy” rating on shares of Philip Morris International in a research report on Wednesday, October 22nd. Wall Street Zen cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a report on Thursday, January 22nd. Jefferies Financial Group downgraded Philip Morris International from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $220.00 to $180.00 in a research note on Tuesday, January 20th. Finally, Stifel Nicolaus set a $180.00 target price on Philip Morris International in a report on Tuesday, October 21st. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $184.56.

Philip Morris International Price Performance

PM opened at $178.56 on Thursday. The business’s 50-day moving average price is $160.61 and its two-hundred day moving average price is $161.45. Philip Morris International Inc. has a 1 year low of $128.25 and a 1 year high of $186.69. The company has a market capitalization of $277.95 billion, a price-to-earnings ratio of 32.35, a P/E/G ratio of 1.92 and a beta of 0.40.

Philip Morris International Announces Dividend

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

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.