New Age Alpha Advisors LLC boosted its holdings in shares of Philip Morris International Inc. (NYSE:PM – Free Report) by 240.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,418 shares of the company’s stock after acquiring an additional 13,716 shares during the period. New Age Alpha Advisors LLC’s holdings in Philip Morris International were worth $3,115,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Dogwood Wealth Management LLC grew its stake in Philip Morris International by 96.5% during the 3rd quarter. Dogwood Wealth Management LLC now owns 167 shares of the company’s stock valued at $27,000 after acquiring an additional 82 shares in the last quarter. Richards Merrill & Peterson Inc. purchased a new stake in Philip Morris International during the 4th quarter valued at about $28,000. Entrust Financial LLC purchased a new stake in Philip Morris International during the 4th quarter valued at about $31,000. Measured Wealth Private Client Group LLC purchased a new stake in Philip Morris International during the 3rd quarter valued at about $32,000. Finally, McIlrath & Eck LLC purchased a new stake in Philip Morris International during the 2nd quarter valued at about $36,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.
Philip Morris International Price Performance
Philip Morris International stock opened at $181.64 on Wednesday. The firm has a 50 day simple moving average of $169.20 and a 200-day simple moving average of $167.75. Philip Morris International Inc. has a 1-year low of $142.11 and a 1-year high of $193.05. The stock has a market cap of $283.10 billion, a price-to-earnings ratio of 25.55, a price-to-earnings-growth ratio of 2.17 and a beta of 0.37.
Philip Morris International Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 13th. Stockholders of record on Thursday, March 19th were issued a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Thursday, March 19th. Philip Morris International’s dividend payout ratio is currently 82.70%.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, May 20th. Morgan Stanley dropped their price target on shares of Philip Morris International from $205.00 to $190.00 and set an “overweight” rating for the company in a research note on Friday, April 17th. UBS Group dropped their price target on shares of Philip Morris International from $181.50 to $168.00 and set a “neutral” rating for the company in a research note on Friday, April 17th. Barclays reissued an “overweight” rating and issued a $205.00 price target on shares of Philip Morris International in a research note on Monday, February 23rd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $200.00 price target on shares of Philip Morris International in a research note on Thursday, April 23rd. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $192.56.
Read Our Latest Stock Analysis on PM
Philip Morris International Profile
Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.
PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.
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