Uhlmann Price Securities LLC increased its holdings in shares of Philip Morris International Inc. (NYSE:PM – Free Report) by 351.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,642 shares of the company’s stock after buying an additional 4,391 shares during the period. Uhlmann Price Securities LLC’s holdings in Philip Morris International were worth $925,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Diversified Trust Co grew its stake in shares of Philip Morris International by 31.9% in the first quarter. Diversified Trust Co now owns 73,044 shares of the company’s stock worth $12,077,000 after purchasing an additional 17,663 shares during the last quarter. Baron Wealth Management LLC acquired a new stake in Philip Morris International in the first quarter valued at $217,000. Nations Financial Group Inc. IA ADV raised its position in Philip Morris International by 134.6% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 5,945 shares of the company’s stock worth $983,000 after purchasing an additional 3,411 shares during the last quarter. Physicians Financial Services Inc. raised its position in Philip Morris International by 2.3% during the 1st quarter. Physicians Financial Services Inc. now owns 8,171 shares of the company’s stock worth $1,351,000 after purchasing an additional 180 shares during the last quarter. Finally, Brady Martz Wealth Solutions LLC acquired a new position in Philip Morris International during the 1st quarter worth about $491,000. 78.63% of the stock is owned by institutional investors.
Philip Morris International Price Performance
NYSE PM opened at $178.68 on Friday. The business has a 50 day simple moving average of $174.79 and a 200 day simple moving average of $170.67. Philip Morris International Inc. has a one year low of $142.11 and a one year high of $193.05. The stock has a market capitalization of $278.48 billion, a P/E ratio of 25.13, a P/E/G ratio of 2.06 and a beta of 0.38.
Philip Morris International Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Thursday, June 25th will be paid a $1.47 dividend. The ex-dividend date is Thursday, June 25th. This represents a $5.88 annualized dividend and a dividend yield of 3.3%. Philip Morris International’s payout ratio is currently 82.70%.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the company. Needham & Company LLC reiterated a “buy” rating and issued a $200.00 price target on shares of Philip Morris International in a research report on Thursday, April 23rd. Bank of America restated a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Stifel Nicolaus cut their price objective on Philip Morris International from $200.00 to $195.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, May 20th. Finally, UBS Group decreased their target price on shares of Philip Morris International from $181.50 to $168.00 and set a “neutral” rating for the company in a research report on Friday, April 17th. Ten 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.88.
View Our Latest Analysis on Philip Morris International
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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