Sapient Capital LLC trimmed its position in shares of Philip Morris International Inc. (NYSE:PM – Free Report) by 3.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 130,817 shares of the company’s stock after selling 4,763 shares during the quarter. Sapient Capital LLC’s holdings in Philip Morris International were worth $23,858,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of PM. Resurgent Financial Advisors LLC increased its position in shares of Philip Morris International by 3.7% in the fourth quarter. Resurgent Financial Advisors LLC now owns 1,523 shares of the company’s stock valued at $244,000 after buying an additional 54 shares in the last quarter. Douglass Winthrop Advisors LLC boosted its position in shares of Philip Morris International by 0.3% in the 4th quarter. Douglass Winthrop Advisors LLC now owns 18,344 shares of the company’s stock worth $2,942,000 after buying an additional 56 shares in the last quarter. Outlook Wealth Advisors LLC boosted its position in shares of Philip Morris International by 4.6% in the 4th quarter. Outlook Wealth Advisors LLC now owns 1,320 shares of the company’s stock worth $212,000 after buying an additional 58 shares in the last quarter. Aristotle Capital Management LLC grew its stake in Philip Morris International by 4.4% in the 4th quarter. Aristotle Capital Management LLC now owns 1,384 shares of the company’s stock valued at $222,000 after acquiring an additional 58 shares during the last quarter. Finally, Tranquility Partners LLC grew its stake in Philip Morris International by 2.4% in the 4th quarter. Tranquility Partners LLC now owns 2,489 shares of the company’s stock valued at $399,000 after acquiring an additional 59 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.
Philip Morris International Trading Up 0.0%
NYSE PM opened at $189.65 on Monday. The business’s 50-day moving average price is $184.01 and its 200 day moving average price is $177.44. Philip Morris International Inc. has a twelve month low of $142.11 and a twelve month high of $207.76. The company has a market capitalization of $295.58 billion, a PE ratio of 27.25, a price-to-earnings-growth ratio of 2.29 and a beta of 0.38.
Philip Morris International Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were given a $1.47 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $5.88 annualized dividend and a dividend yield of 3.1%. Philip Morris International’s dividend payout ratio (DPR) is currently 84.48%.
Analyst Ratings Changes
PM has been the subject of a number of research reports. Morgan Stanley lifted their target price on shares of Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Citigroup increased their price target on shares of Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Stifel Nicolaus raised their price objective on shares of Philip Morris International from $195.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Barclays lifted their price objective on Philip Morris International from $205.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Finally, Needham & Company LLC upped their target price on Philip Morris International from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $205.89.
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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