Two Sigma Securities LLC bought a new stake in Philip Morris International Inc. (NYSE:PM – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,312 shares of the company’s stock, valued at approximately $1,142,000.
Several other large investors have also modified their holdings of PM. AG Campbell Advisory LLC acquired a new position in shares of Philip Morris International in the 4th quarter worth approximately $25,000. Portfolio Resources Advisor Group Inc. purchased a new stake in Philip Morris International in the fourth quarter valued at approximately $26,000. Vermillion Wealth Management Inc. raised its position in Philip Morris International by 146.5% in the first quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company’s stock valued at $29,000 after purchasing an additional 104 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in Philip Morris International during the second quarter worth $29,000. Finally, Safe Harbor Fiduciary LLC purchased a new position in shares of Philip Morris International during the fourth quarter worth $29,000. Institutional investors and hedge funds own 78.63% of the company’s stock.
Philip Morris International Stock Performance
Shares of Philip Morris International stock opened at $187.24 on Tuesday. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $207.76. The company has a market capitalization of $291.83 billion, a P/E ratio of 26.90, a PEG ratio of 2.32 and a beta of 0.38. The company’s fifty day moving average is $187.49 and its two-hundred day moving average is $178.80.
Philip Morris International Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Thursday, June 25th were paid a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Thursday, June 25th. Philip Morris International’s payout ratio is currently 84.48%.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on PM. Bank of America reiterated a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. BTIG Research set a $221.00 target price on Philip Morris International and gave the stock a “buy” rating in a research report on Friday, July 24th. 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 report on Thursday, July 23rd. Citigroup raised their price target on Philip Morris International from $210.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Finally, Morgan Stanley lifted their price target on Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Philip Morris International currently has an average rating of “Moderate Buy” and an average price target of $205.89.
Get Our Latest Research Report on Philip Morris International
Philip Morris International Company 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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