Crews Bank & Trust Invests $398,000 in Philip Morris International Inc. (NYSE:PM)

Crews Bank & Trust purchased a new stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,304 shares of the company's stock, valued at approximately $398,000.

A number of other hedge funds have also modified their holdings of the company. FMR LLC grew its position in shares of Philip Morris International by 40.9% during the third quarter. FMR LLC now owns 23,168,446 shares of the company's stock worth $2,812,649,000 after purchasing an additional 6,721,094 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Philip Morris International by 57.2% in 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 purchasing an additional 3,363,454 shares during the period. National Bank of Canada FI grew its holdings in Philip Morris International by 161.6% during the 3rd 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 raised its position in shares of Philip Morris International by 14,611.4% during 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 last quarter. Finally, International Assets Investment Management LLC lifted its holdings in shares of Philip Morris International by 13,666.6% in the third quarter. International Assets Investment Management LLC now owns 999,729 shares of the company's stock worth $121,367,000 after buying an additional 992,467 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Price Performance

Shares of NYSE:PM traded down $0.16 during trading hours on Friday, hitting $130.16. 5,331,134 shares of the company's stock traded hands, compared to its average volume of 4,484,783. The firm has a market capitalization of $202.37 billion, a P/E ratio of 20.66, a price-to-earnings-growth ratio of 2.29 and a beta of 0.54. The business has a fifty day moving average price of $125.23 and a 200-day moving average price of $122.98. 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 company also recently disclosed 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 dividend yield of 4.15%. Philip Morris International's payout ratio is currently 85.71%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PM. Citigroup raised their target price on shares of Philip Morris International from $118.50 to $132.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. Morgan Stanley initiated coverage on Philip Morris International in a research report on Thursday, January 16th. They set an "overweight" rating and a $140.00 price objective for the company. Barclays decreased their target price 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. UBS Group raised their price target on Philip Morris International from $103.00 to $105.00 and gave the company a "sell" rating in a report on Wednesday, October 23rd. Finally, Stifel Nicolaus reaffirmed a "buy" rating and issued a $145.00 price objective (up previously from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. One 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $131.35.

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.