1,898 Shares in Philip Morris International Inc. (NYSE:PM) Purchased by Gries Financial LLC

Gries Financial LLC purchased a new stake in shares of Philip Morris International Inc. (NYSE:PMFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,898 shares of the company’s stock, valued at approximately $228,000.

Several other institutional investors have also added to or reduced their stakes in the company. Sanctuary Advisors LLC purchased a new stake in Philip Morris International during the second quarter valued at $17,878,000. Anchor Investment Management LLC raised its position in shares of Philip Morris International by 1.0% during the 2nd quarter. Anchor Investment Management LLC now owns 44,493 shares of the company’s stock valued at $4,508,000 after buying an additional 421 shares in the last quarter. Centaurus Financial Inc. lifted its holdings in shares of Philip Morris International by 35.6% in the 2nd quarter. Centaurus Financial Inc. now owns 13,333 shares of the company’s stock valued at $1,351,000 after acquiring an additional 3,500 shares during the last quarter. Passive Capital Management LLC. purchased a new position in Philip Morris International in the second quarter worth about $211,000. Finally, First Financial Bank Trust Division increased its stake in Philip Morris International by 3.9% during the third quarter. First Financial Bank Trust Division now owns 2,524 shares of the company’s stock worth $306,000 after acquiring an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Price Performance

Shares of Philip Morris International stock opened at $130.32 on Friday. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $134.15. The stock has a market cap of $202.63 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 2.01 and a beta of 0.54. The firm’s 50-day moving average is $125.24 and its two-hundred day moving average is $122.63.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is 85.71%.

Wall Street Analysts Forecast Growth

PM has been the subject of several recent analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $145.00 price target (up from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. Morgan Stanley assumed coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective on the stock. UBS Group upped their target price on Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a research note on Wednesday, October 23rd. Finally, Citigroup boosted their price objective on Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $131.35.

Get Our Latest Research Report on Philip Morris International

Philip Morris International Company 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.

Further Reading

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

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