Raiffeisen Bank International AG lowered its position in Philip Morris International Inc. (NYSE:PM – Free Report) by 93.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 385 shares of the company’s stock after selling 5,808 shares during the quarter. Raiffeisen Bank International AG’s holdings in Philip Morris International were worth $70,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in PM. Resurgent Financial Advisors LLC grew its position in Philip Morris International by 3.7% during the fourth quarter. Resurgent Financial Advisors LLC now owns 1,523 shares of the company’s stock worth $244,000 after buying an additional 54 shares in the last quarter. Douglass Winthrop Advisors LLC raised its holdings 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 valued at $2,942,000 after acquiring an additional 56 shares in the last quarter. Outlook Wealth Advisors LLC boosted its position in shares of Philip Morris International by 4.6% during the 4th quarter. Outlook Wealth Advisors LLC now owns 1,320 shares of the company’s stock valued at $212,000 after acquiring an additional 58 shares during the last quarter. Platt Wealth Management LLC boosted its position in shares of Philip Morris International by 2.1% during the 2nd quarter. Platt Wealth Management LLC now owns 2,833 shares of the company’s stock valued at $512,000 after acquiring an additional 58 shares during the last quarter. Finally, Aristotle Capital Management LLC grew its holdings in shares of Philip Morris International by 4.4% during the fourth quarter. Aristotle Capital Management LLC now owns 1,384 shares of the company’s stock worth $222,000 after purchasing an additional 58 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.
Philip Morris International Stock Down 0.1%
NYSE PM opened at $182.36 on Monday. The company has a 50-day simple moving average of $188.02 and a two-hundred day simple moving average of $178.76. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $207.76. The firm has a market cap of $284.23 billion, a price-to-earnings ratio of 26.20, a PEG ratio of 2.36 and a beta of 0.37.
Philip Morris International Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Thursday, June 25th were given a $1.47 dividend. The ex-dividend date was Thursday, June 25th. This represents a $5.88 annualized dividend and a yield of 3.2%. Philip Morris International’s payout ratio is presently 84.48%.
Wall Street Analysts Forecast Growth
PM has been the topic of a number of research analyst reports. UBS Group increased their price target on shares of Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. Stifel Nicolaus lifted their price objective on shares of Philip Morris International from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Bank of America reiterated a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Morgan Stanley increased their target price on Philip Morris International from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Finally, Citigroup raised their price target on Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $205.89.
Read Our Latest Stock Report on Philip Morris International
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.
Featured Articles
- Five stocks we like better than Philip Morris International
- AI Token Costs Are Changing the Hardware vs. Software Debate
- 3 ETFs That Could Move as Rate Expectations Shift
- 3 Stocks With September Catalysts Investors Shouldn’t Ignore
- Ollie’s Bargain Outlet Stock Falls on Weak Comps Despite Margin Gains
Want to see what other hedge funds are holding PM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Philip Morris International Inc. (NYSE:PM – Free Report).
Receive News & Ratings for Philip Morris International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International and related companies with MarketBeat.com's FREE daily email newsletter.
