Winning Points Advisors LLC purchased a new stake in shares of Philip Morris International Inc. (NYSE:PM – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 4,510 shares of the company’s stock, valued at approximately $723,000. Philip Morris International comprises about 0.7% of Winning Points Advisors LLC’s investment portfolio, making the stock its 23rd biggest position.
Several other hedge funds have also added to or reduced their stakes in PM. Brighton Jones LLC lifted its holdings in shares of Philip Morris International by 31.1% during the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock worth $1,027,000 after buying an additional 2,023 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Philip Morris International by 4.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock worth $252,000 after buying an additional 91 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Philip Morris International by 53.7% during the second quarter. Sivia Capital Partners LLC now owns 5,636 shares of the company’s stock worth $1,027,000 after buying an additional 1,970 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of Philip Morris International during the second quarter worth $2,454,000. Finally, Osterweis Capital Management Inc. lifted its holdings in shares of Philip Morris International by 2,280.0% during the second quarter. Osterweis Capital Management Inc. now owns 357 shares of the company’s stock worth $65,000 after buying an additional 342 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.
Philip Morris International Stock Performance
Shares of NYSE PM opened at $180.94 on Friday. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $193.05. The stock has a market capitalization of $282.00 billion, a P/E ratio of 25.45, a PEG ratio of 2.11 and a beta of 0.38. The stock’s fifty day moving average is $172.08 and its 200 day moving average is $169.70.
Philip Morris International Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Thursday, June 25th will be given a $1.47 dividend. The ex-dividend date is Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.2%. Philip Morris International’s dividend payout ratio (DPR) is presently 82.70%.
Analyst Ratings Changes
A number of research firms have recently weighed in on PM. Morgan Stanley lifted their target price on Philip Morris International from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, May 20th. Bank of America reissued a “buy” rating on shares of Philip Morris International in a report on Thursday, May 21st. Stifel Nicolaus dropped their target price on Philip Morris International from $200.00 to $195.00 and set a “buy” rating for the company in a report on Friday, April 10th. Finally, Needham & Company LLC reissued a “buy” rating and set a $200.00 target price on shares of Philip Morris International in a report on Thursday, April 23rd. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $192.88.
Get Our Latest Stock Analysis on PM
About Philip Morris International
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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