Stonebridge Financial Group LLC Invests $301,000 in Philip Morris International Inc. (NYSE:PM)

Stonebridge Financial Group LLC acquired a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,497 shares of the company's stock, valued at approximately $301,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC grew its position in shares of Philip Morris International by 40.9% in the 3rd quarter. FMR LLC now owns 23,168,446 shares of the company's stock valued at $2,812,649,000 after purchasing an additional 6,721,094 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Philip Morris International by 57.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 9,241,612 shares of the company's stock worth $1,121,932,000 after buying an additional 3,363,454 shares during the period. National Bank of Canada FI lifted its stake in Philip Morris International by 161.6% in the third quarter. National Bank of Canada FI now owns 1,943,460 shares of the company's stock valued at $235,936,000 after buying an additional 1,200,636 shares in the last quarter. Los Angeles Capital Management LLC boosted its holdings in shares of Philip Morris International by 14,611.4% in the third quarter. Los Angeles Capital Management LLC now owns 1,173,531 shares of the company's stock valued at $142,467,000 after buying an additional 1,165,554 shares during the period. Finally, International Assets Investment Management LLC increased its position in shares of Philip Morris International by 13,666.6% during the third quarter. International Assets Investment Management LLC now owns 999,729 shares of the company's stock worth $121,367,000 after acquiring an additional 992,467 shares in the last quarter. Institutional investors own 78.63% of the company's stock.

Philip Morris International Price Performance

PM stock traded up $1.96 during mid-day trading on Wednesday, reaching $149.94. The company had a trading volume of 5,268,277 shares, compared to its average volume of 5,523,627. The company has a market capitalization of $233.13 billion, a price-to-earnings ratio of 33.25, a PEG ratio of 2.55 and a beta of 0.55. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $150.24. The stock has a 50 day simple moving average of $126.34 and a two-hundred day simple moving average of $124.54.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.49 by $0.06. Philip Morris International had a negative return on equity of 120.08% and a net margin of 9.24%. On average, equities analysts predict that Philip Morris International Inc. will post 7.11 EPS for the current year.

Philip Morris International Announces Dividend

The company 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. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 annualized dividend and a dividend yield of 3.60%. Philip Morris International's dividend payout ratio is presently 119.73%.

Wall Street Analyst Weigh In

Several research firms recently commented on PM. Morgan Stanley assumed coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They issued an "overweight" rating and a $140.00 price objective on the stock. StockNews.com downgraded Philip Morris International from a "buy" rating to a "hold" rating in a research note on Monday. JPMorgan Chase & Co. upped their price objective on Philip Morris International from $125.00 to $145.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. UBS Group increased their price objective on Philip Morris International from $105.00 to $120.00 and gave the stock a "sell" rating in a report on Friday, February 7th. Finally, Barclays cut their target price on Philip Morris International from $155.00 to $145.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $134.35.

About Philip Morris International

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.