Chicago Capital LLC Makes New Investment in Philip Morris International Inc. (NYSE:PM)

Chicago Capital LLC acquired a new stake in Philip Morris International Inc. (NYSE:PM) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,863 shares of the company’s stock, valued at approximately $224,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Czech National Bank raised its holdings in shares of Philip Morris International by 6.9% during the third quarter. Czech National Bank now owns 316,729 shares of the company’s stock valued at $38,451,000 after acquiring an additional 20,494 shares during the last quarter. GAMMA Investing LLC raised its stake in Philip Morris International by 36.5% in the 3rd quarter. GAMMA Investing LLC now owns 20,209 shares of the company’s stock valued at $2,453,000 after purchasing an additional 5,407 shares during the last quarter. Diversified Trust Co lifted its holdings in Philip Morris International by 5.2% in the 3rd quarter. Diversified Trust Co now owns 58,474 shares of the company’s stock valued at $7,099,000 after purchasing an additional 2,885 shares in the last quarter. Smith Anglin Financial LLC boosted its stake in Philip Morris International by 19.3% during the 3rd quarter. Smith Anglin Financial LLC now owns 2,432 shares of the company’s stock worth $295,000 after purchasing an additional 394 shares during the last quarter. Finally, Miracle Mile Advisors LLC grew its holdings in shares of Philip Morris International by 17.6% during the third quarter. Miracle Mile Advisors LLC now owns 2,428 shares of the company’s stock worth $295,000 after buying an additional 363 shares in the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Price Performance

Shares of PM stock opened at $130.34 on Tuesday. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $134.15. The firm has a market cap of $202.65 billion, a PE ratio of 20.69, a price-to-earnings-growth ratio of 2.30 and a beta of 0.54. The company has a 50-day moving average of $125.23 and a two-hundred day moving average of $123.08.

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were issued a $1.35 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 annualized dividend and a yield of 4.14%. Philip Morris International’s dividend payout ratio (DPR) is presently 85.71%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $145.00 price target (up from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their target price on Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Citigroup increased their price target on Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Barclays reduced their price objective 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. Finally, Morgan Stanley started coverage on Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 target price for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $131.35.

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.