Brentview Investment Management LLC Invests $4.23 Million in Philip Morris International Inc. (NYSE:PM)

Brentview Investment Management LLC bought a new position in shares of Philip Morris International Inc. (NYSE:PM) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 35,127 shares of the company’s stock, valued at approximately $4,228,000. Philip Morris International comprises about 2.4% of Brentview Investment Management LLC’s investment portfolio, making the stock its 17th biggest position.

A number of other hedge funds and other institutional investors have also modified their holdings of PM. Intergy Private Wealth LLC increased its holdings in Philip Morris International by 4.3% in the fourth quarter. Intergy Private Wealth LLC now owns 1,959 shares of the company’s stock valued at $236,000 after buying an additional 80 shares during the last quarter. 49 Wealth Management LLC increased its holdings in Philip Morris International by 3.6% in the third quarter. 49 Wealth Management LLC now owns 2,432 shares of the company’s stock valued at $295,000 after buying an additional 84 shares during the last quarter. Woodmont Investment Counsel LLC increased its holdings in Philip Morris International by 1.6% in the third quarter. Woodmont Investment Counsel LLC now owns 5,452 shares of the company’s stock valued at $662,000 after buying an additional 86 shares during the last quarter. YHB Investment Advisors Inc. increased its holdings in Philip Morris International by 4.2% in the third quarter. YHB Investment Advisors Inc. now owns 2,158 shares of the company’s stock valued at $262,000 after buying an additional 87 shares during the last quarter. Finally, Cypress Wealth Services LLC increased its holdings in Philip Morris International by 1.3% in the third quarter. Cypress Wealth Services LLC now owns 6,748 shares of the company’s stock valued at $819,000 after buying an additional 89 shares during the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PM. Barclays dropped their price target on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Citigroup increased their price target on Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. UBS Group increased their price target on Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a research report on Wednesday, October 23rd. Morgan Stanley began coverage on Philip Morris International in a research report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price target on the stock. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $145.00 price target (up from $138.00) on shares of Philip Morris International in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy 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 $131.35.

Philip Morris International Stock Performance

Shares of NYSE PM opened at $130.16 on Monday. The stock has a fifty day moving average price of $125.23 and a two-hundred day moving average price of $122.98. The firm has a market cap of $202.37 billion, a P/E ratio of 20.66, a PEG ratio of 2.30 and a beta of 0.55. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $134.15.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 4.15%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s dividend payout ratio is presently 85.71%.

Philip Morris International Company Profile

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.