Hamilton Point Investment Advisors LLC Has $526,000 Holdings in Philip Morris International Inc. (NYSE:PM)

Hamilton Point Investment Advisors LLC boosted its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 2.7% in the fourth quarter, HoldingsChannel reports. The firm owned 4,319 shares of the company’s stock after acquiring an additional 114 shares during the period. Hamilton Point Investment Advisors LLC’s holdings in Philip Morris International were worth $526,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Intergy Private Wealth LLC increased its holdings in Philip Morris International by 4.3% during the 4th quarter. Intergy Private Wealth LLC now owns 1,959 shares of the company’s stock valued at $236,000 after purchasing an additional 80 shares in the last quarter. CMG Global Holdings LLC increased its holdings in Philip Morris International by 2.7% during the 4th quarter. CMG Global Holdings LLC now owns 5,232 shares of the company’s stock valued at $643,000 after purchasing an additional 137 shares in the last quarter. Hunter Associates Investment Management LLC increased its holdings in Philip Morris International by 0.4% during the 4th quarter. Hunter Associates Investment Management LLC now owns 33,798 shares of the company’s stock valued at $4,060,000 after purchasing an additional 142 shares in the last quarter. Fortune Financial Advisors LLC increased its holdings in Philip Morris International by 3.2% during the 4th quarter. Fortune Financial Advisors LLC now owns 13,012 shares of the company’s stock valued at $1,566,000 after purchasing an additional 402 shares in the last quarter. Finally, Mediolanum International Funds Ltd increased its holdings in Philip Morris International by 19.0% during the 4th quarter. Mediolanum International Funds Ltd now owns 43,256 shares of the company’s stock valued at $5,178,000 after purchasing an additional 6,897 shares in the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Stock Up 0.6 %

NYSE:PM opened at $130.32 on Friday. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $134.15. The firm has a market capitalization of $202.63 billion, a P/E ratio of 20.69, a P/E/G ratio of 2.29 and a beta of 0.54. The stock’s fifty day simple moving average is $125.22 and its 200-day simple moving average is $122.69.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were issued a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 annualized dividend and a yield of 4.14%. Philip Morris International’s dividend payout ratio is presently 85.71%.

Analyst Ratings Changes

A number of research firms recently weighed in on PM. Morgan Stanley started coverage on Philip Morris International in a report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price target for the company. Barclays decreased their price objective 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. Citigroup increased their price objective on Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. UBS Group increased their price objective on Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a research report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. increased their price objective on Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Philip Morris International presently has a consensus rating of “Moderate Buy” and an average price target of $131.35.

Philip Morris International Company Profile

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.