Titan Investment Solutions Ltd bought a new stake in Philip Morris International Inc. (NYSE:PM – Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 89,850 shares of the company’s stock, valued at approximately $14,412,000. Philip Morris International accounts for 1.7% of Titan Investment Solutions Ltd’s holdings, making the stock its 24th largest holding.
Several other large investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Philip Morris International by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 145,262,397 shares of the company’s stock valued at $23,300,088,000 after buying an additional 1,793,949 shares during the period. Capital World Investors grew its stake in shares of Philip Morris International by 2.8% in the 4th quarter. Capital World Investors now owns 132,355,726 shares of the company’s stock valued at $21,230,315,000 after buying an additional 3,579,399 shares during the period. Capital International Investors grew its stake in shares of Philip Morris International by 13.7% in the 4th quarter. Capital International Investors now owns 101,377,875 shares of the company’s stock valued at $16,262,967,000 after buying an additional 12,227,004 shares during the period. Capital Research Global Investors grew its stake in shares of Philip Morris International by 25.3% in the 4th quarter. Capital Research Global Investors now owns 54,559,706 shares of the company’s stock valued at $8,751,407,000 after buying an additional 11,013,173 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Philip Morris International by 2.8% in the 3rd quarter. Northern Trust Corp now owns 14,701,879 shares of the company’s stock valued at $2,384,645,000 after buying an additional 401,381 shares during the period. 78.63% of the stock is currently owned by institutional investors and hedge funds.
Philip Morris International Stock Performance
Shares of NYSE PM opened at $184.41 on Friday. The stock has a market cap of $287.41 billion, a price-to-earnings ratio of 25.94, a PEG ratio of 2.09 and a beta of 0.38. Philip Morris International Inc. has a fifty-two week low of $142.11 and a fifty-two week high of $193.05. The firm’s 50-day simple moving average is $172.61 and its 200 day simple moving average is $169.80.
Philip Morris International Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Thursday, June 25th will be paid a $1.47 dividend. The ex-dividend date is Thursday, June 25th. This represents a $5.88 annualized dividend and a yield of 3.2%. Philip Morris International’s dividend payout ratio (DPR) is 82.70%.
Wall Street Analyst Weigh In
PM has been the topic of a number of analyst reports. Stifel Nicolaus lowered their target price on shares of Philip Morris International from $200.00 to $195.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Bank of America reaffirmed a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Needham & Company LLC reaffirmed a “buy” rating and issued a $200.00 price target on shares of Philip Morris International in a research report on Thursday, April 23rd. UBS Group dropped their price target on shares of Philip Morris International from $181.50 to $168.00 and set a “neutral” rating on the stock in a research report on Friday, April 17th. Finally, Morgan Stanley raised their price target on shares of Philip Morris International from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, June 3rd. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Philip Morris International has an average rating of “Moderate Buy” and an average price target of $192.88.
Check Out Our Latest Analysis on Philip Morris International
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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