Atlanta Capital Group Has $1,528,000 Stake in Philip Morris International Inc (PM)

Atlanta Capital Group Has $1,528,000 Stake in Philip Morris International Inc (PM)

Atlanta Capital Group reduced its position in Philip Morris International Inc (NYSE:PM) by 18.8% during the third quarter, Holdings Channel reports. The firm owned 15,721 shares of the company’s stock after selling 3,640 shares during the period. Atlanta Capital Group’s holdings in Philip Morris International were worth $1,528,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Acropolis Investment Management LLC raised its position in shares of Philip Morris International by 0.5% in the third quarter. Acropolis Investment Management LLC now owns 1,059 shares of the company’s stock worth $103,000 after buying an additional 5 shares in the last quarter. Cornerstone Advisors Inc. raised its position in shares of Philip Morris International by 1.1% in the third quarter. Cornerstone Advisors Inc. now owns 1,155 shares of the company’s stock worth $112,000 after buying an additional 13 shares in the last quarter. YHB Investment Advisors Inc. raised its position in shares of Philip Morris International by 0.4% in the third quarter. YHB Investment Advisors Inc. now owns 4,062 shares of the company’s stock worth $395,000 after buying an additional 15 shares in the last quarter. Financial Advisory Service Inc. raised its position in shares of Philip Morris International by 0.3% in the third quarter. Financial Advisory Service Inc. now owns 6,012 shares of the company’s stock worth $585,000 after buying an additional 19 shares in the last quarter. Finally, Adell Harriman & Carpenter Inc. raised its position in shares of Philip Morris International by 0.6% in the third quarter. Adell Harriman & Carpenter Inc. now owns 3,414 shares of the company’s stock worth $332,000 after buying an additional 21 shares in the last quarter. 71.19% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Inc (NYSE:PM) traded down 0.04% on Friday, reaching $96.32. 3,055,309 shares of the company’s stock were exchanged. The stock has a market cap of $149.43 billion, a price-to-earnings ratio of 23.04 and a beta of 0.88. The firm has a 50 day moving average of $92.09 and a 200-day moving average of $95.73. Philip Morris International Inc has a one year low of $86.78 and a one year high of $104.20.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 10th. Shareholders of record on Thursday, December 22nd were paid 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 yield of 4.32%. Philip Morris International’s dividend payout ratio (DPR) is presently 99.52%.

PM has been the subject of a number of research reports. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $116.00 target price (up previously from $114.00) on shares of Philip Morris International in a research report on Monday, October 3rd. Vetr lowered 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 research report on Monday, January 2nd. Zacks Investment Research upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $108.00 target price for the company in a research report on Wednesday, October 5th. Finally, Jefferies Group LLC set a $99.00 target price on shares of Philip Morris International and gave the stock a “hold” rating in a research report on Wednesday, October 5th. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $103.42.

In other news, Director Jun Makihara purchased 2,000 shares of the stock in a transaction dated Thursday, November 17th. The shares were purchased at an average price of $89.22 per share, with a total value of $178,440.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.25% of the company’s stock.

About Philip Morris International

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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