One Wealth Advisors LLC decreased its holdings in shares of Philip Morris International Inc. (NYSE:PM – Free Report) by 2.5% in the second quarter, Holdings Channel reports. The firm owned 3,965 shares of the company’s stock after selling 102 shares during the quarter. One Wealth Advisors LLC’s holdings in Philip Morris International were worth $722,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of PM. Brighton Jones LLC grew its position in Philip Morris International by 31.1% in the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock valued at $1,027,000 after acquiring an additional 2,023 shares during the period. Revolve Wealth Partners LLC boosted its stake in shares of Philip Morris International by 4.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock valued at $252,000 after purchasing an additional 91 shares in the last quarter. Mirador Capital Partners LP bought a new stake in shares of Philip Morris International in the 1st quarter worth about $222,000. 180 Wealth Advisors LLC acquired a new stake in shares of Philip Morris International during the 1st quarter worth about $643,000. Finally, Baker Tilly Wealth Management LLC increased its position in shares of Philip Morris International by 5.9% during the 1st quarter. Baker Tilly Wealth Management LLC now owns 4,055 shares of the company’s stock worth $644,000 after purchasing an additional 225 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.
Philip Morris International Price Performance
Shares of Philip Morris International stock opened at $162.84 on Tuesday. The firm has a 50 day simple moving average of $165.19 and a 200 day simple moving average of $168.63. Philip Morris International Inc. has a fifty-two week low of $116.12 and a fifty-two week high of $186.69. The firm has a market cap of $253.48 billion, a P/E ratio of 30.96, a P/E/G ratio of 2.38 and a beta of 0.49.
Philip Morris International Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Friday, October 3rd will be given a $1.47 dividend. The ex-dividend date is Friday, October 3rd. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.35. This represents a $5.88 dividend on an annualized basis and a yield of 3.6%. Philip Morris International’s dividend payout ratio is 102.66%.
Analyst Ratings Changes
PM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Philip Morris International from $175.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. Citigroup reissued a “buy” rating on shares of Philip Morris International in a report on Thursday, September 4th. Needham & Company LLC restated a “buy” rating and set a $195.00 price target on shares of Philip Morris International in a research report on Wednesday, July 23rd. KGI Securities began coverage on Philip Morris International in a research report on Monday, August 4th. They issued an “outperform” rating for the company. Finally, UBS Group reduced their price objective on Philip Morris International from $177.00 to $166.00 and set a “neutral” rating on the stock in a research note on Friday, September 5th. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $189.40.
Read Our Latest Research Report on PM
About Philip Morris International
Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.
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