HighPoint Advisor Group LLC purchased a new position in shares of Philip Morris International Inc. (NYSE:PM – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 60,751 shares of the company’s stock, valued at approximately $5,537,000.
Several other large investors have also modified their holdings of the business. Tennessee Valley Asset Management Partners acquired a new stake in shares of Philip Morris International during the fourth quarter worth $33,000. Northwest Financial Advisors acquired a new position in shares of Philip Morris International in the 4th quarter valued at $33,000. Ables Iannone Moore & Associates Inc. purchased a new position in shares of Philip Morris International in the 4th quarter worth $38,000. Wetzel Investment Advisors Inc. acquired a new position in Philip Morris International in the fourth quarter valued at $39,000. Finally, Quarry LP grew its position in Philip Morris International by 307.5% during the fourth quarter. Quarry LP now owns 436 shares of the company’s stock valued at $41,000 after acquiring an additional 329 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 traded down $0.99 during mid-day trading on Tuesday, reaching $101.06. The company had a trading volume of 1,007,296 shares, compared to its average volume of 5,411,062. The stock’s 50 day moving average is $98.09 and its 200-day moving average is $94.39. Philip Morris International Inc. has a twelve month low of $87.23 and a twelve month high of $104.90. The stock has a market capitalization of $157.10 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 2.10 and a beta of 0.57.
Philip Morris International Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, July 8th. Investors of record on Friday, June 21st will be given a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $5.20 annualized dividend and a dividend yield of 5.15%. Philip Morris International’s dividend payout ratio (DPR) is presently 101.56%.
Insider Buying and Selling at Philip Morris International
In other news, insider Wilde Frederic De sold 20,000 shares of the stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the sale, the insider now directly owns 178,447 shares of the company’s stock, valued at $17,205,859.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.14% of the company’s stock.
Analyst Ratings Changes
A number of analysts have recently issued reports on PM shares. Argus reiterated a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. Stifel Nicolaus boosted their price objective on shares of Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Philip Morris International has a consensus rating of “Hold” and a consensus target price of $105.50.
Check Out Our Latest Stock Analysis on PM
Philip Morris International 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.
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