Orrstown Financial Services Inc. Has $343,000 Stake in Philip Morris International Inc. (NYSE:PM)

Orrstown Financial Services Inc. boosted its position in shares of Philip Morris International Inc. (NYSE:PMFree Report) by 16.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,852 shares of the company’s stock after purchasing an additional 394 shares during the period. Orrstown Financial Services Inc.’s holdings in Philip Morris International were worth $343,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Valley Wealth Managers Inc. lifted its position in Philip Morris International by 457.5% in the 3rd quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock worth $27,000 after buying an additional 183 shares in the last quarter. Dunhill Financial LLC increased its stake in shares of Philip Morris International by 203.8% in the third quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock worth $29,000 after acquiring an additional 161 shares during the last quarter. Concord Wealth Partners grew its stake in Philip Morris International by 2,709.1% in the third quarter. Concord Wealth Partners now owns 309 shares of the company’s stock valued at $38,000 after purchasing an additional 298 shares in the last quarter. Asset Dedication LLC increased its position in Philip Morris International by 55.5% in the 4th quarter. Asset Dedication LLC now owns 412 shares of the company’s stock worth $50,000 after purchasing an additional 147 shares during the last quarter. Finally, Darwin Wealth Management LLC purchased a new stake in shares of Philip Morris International during the 3rd quarter worth about $54,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

PM has been the subject of several recent research reports. Stifel Nicolaus reissued a “buy” rating and issued a $145.00 price target (up previously from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. UBS Group increased their price target on Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a report on Wednesday, October 23rd. Morgan Stanley began coverage on shares of Philip Morris International in a research note on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on shares of Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, Barclays lowered their price target on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $131.35.

Read Our Latest Report on PM

Philip Morris International Price Performance

Shares of PM traded up $1.11 on Wednesday, reaching $130.07. 193,059 shares of the stock traded hands, compared to its average volume of 4,771,528. The stock’s 50-day moving average price is $125.26 and its 200-day moving average price is $122.59. The firm has a market cap of $202.24 billion, a price-to-earnings ratio of 20.65, a P/E/G ratio of 2.01 and a beta of 0.54. Philip Morris International Inc. has a 12 month low of $87.82 and a 12 month high of $134.15.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s dividend payout ratio is 85.71%.

Philip Morris International Profile

(Free Report)

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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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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