Partnervest Advisory Services LLC raised its stake in shares of Philip Morris International Inc. (NYSE:PM) by 4.2% during the third quarter, Holdings Channel reports. The firm owned 4,403 shares of the company’s stock after buying an additional 176 shares during the period. Partnervest Advisory Services LLC’s holdings in Philip Morris International were worth $428,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the stock. Glassman Wealth Services raised its position in Philip Morris International by 0.4% in the second quarter. Glassman Wealth Services now owns 1,000 shares of the company’s stock valued at $102,000 after buying an additional 4 shares during the period. Acropolis Investment Management LLC raised its position in Philip Morris International by 0.5% in the third quarter. Acropolis Investment Management LLC now owns 1,059 shares of the company’s stock valued at $103,000 after buying an additional 5 shares during the period. Cornerstone Advisors Inc. raised its position in Philip Morris International by 1.1% in the third quarter. Cornerstone Advisors Inc. now owns 1,155 shares of the company’s stock valued at $112,000 after buying an additional 13 shares during the period. Liberty Capital Management Inc. acquired a new position in Philip Morris International during the third quarter valued at $116,000. Finally, FNY Managed Accounts LLC raised its position in Philip Morris International by 257.1% in the second quarter. FNY Managed Accounts LLC now owns 1,250 shares of the company’s stock valued at $127,000 after buying an additional 900 shares during the period. Institutional investors own 70.09% of the company’s stock.
Shares of Philip Morris International Inc. (NYSE:PM) traded up 0.77% during trading on Friday, reaching $94.57. 5,628,698 shares of the company traded hands. Philip Morris International Inc. has a 12 month low of $84.46 and a 12 month high of $104.20. The stock has a market cap of $146.71 billion, a P/E ratio of 22.62 and a beta of 0.88. The stock’s 50 day moving average price is $90.42 and its 200-day moving average price is $96.15.
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 10th. Stockholders of record on Thursday, December 22nd were given a dividend of $1.04 per share. The ex-dividend date of this dividend was Tuesday, December 20th. This represents a $4.16 annualized dividend and a dividend yield of 4.40%. Philip Morris International’s payout ratio is currently 99.52%.
Several research analysts have commented on PM shares. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $116.00 target price on shares of Philip Morris International in a report on Saturday, October 15th. Vetr cut shares of Philip Morris International from a “strong-buy” rating to a “buy” rating and set a $98.02 target price for the company. in a report on Monday, January 2nd. Jefferies Group set a $99.00 target price on shares of Philip Morris International and gave the stock a “hold” rating in a report on Wednesday, October 5th. Citigroup Inc. reiterated a “neutral” rating and issued a $106.00 target price on shares of Philip Morris International in a report on Friday, October 21st. Finally, Zacks Investment Research upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating in a report on Wednesday. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $103.67.
In related news, Director Jun Makihara bought 2,000 shares of the firm’s stock in a transaction dated Thursday, November 17th. The stock was bought at an average cost of $89.22 per share, for a total transaction of $178,440.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.25% of the stock is currently owned by insiders.
Philip Morris International Company Profile
Philip Morris International Inc is a holding company engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. The Company’s products are sold in over 180 markets. Its segments include European Union; Eastern Europe, Middle East & Africa; Asia, and Latin America & Canada.
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