3,696 Shares in Philip Morris International Inc. (NYSE:PM) Purchased by BostonPremier Wealth LLC

BostonPremier Wealth LLC purchased a new position in Philip Morris International Inc. (NYSE:PM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,696 shares of the company's stock, valued at approximately $445,000. Philip Morris International comprises about 0.3% of BostonPremier Wealth LLC's holdings, making the stock its 29th largest holding.

A number of other large investors have also recently added to or reduced their stakes in PM. Valley Wealth Managers Inc. increased its stake in Philip Morris International by 457.5% in the third quarter. Valley Wealth Managers Inc. now owns 223 shares of the company's stock valued at $27,000 after acquiring an additional 183 shares during the period. Dunhill Financial LLC lifted its holdings in Philip Morris International by 203.8% during the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company's stock worth $29,000 after buying an additional 161 shares in the last quarter. Concord Wealth Partners boosted its holdings in Philip Morris International by 2,709.1% in the third quarter. Concord Wealth Partners now owns 309 shares of the company's stock valued at $38,000 after acquiring an additional 298 shares during the last quarter. Asset Dedication LLC increased its position in Philip Morris International by 55.5% in the fourth quarter. Asset Dedication LLC now owns 412 shares of the company's stock worth $50,000 after purchasing an additional 147 shares during the period. Finally, Darwin Wealth Management LLC bought a new stake in Philip Morris International during the 3rd quarter worth about $54,000. Institutional investors own 78.63% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Philip Morris International from $125.00 to $145.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. Barclays dropped their target price on shares of Philip Morris International from $155.00 to $145.00 and set an "overweight" rating on the stock in a report on Wednesday, January 8th. 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. StockNews.com cut Philip Morris International from a "buy" rating to a "hold" rating in a research report on Monday. Finally, Morgan Stanley began coverage on shares of Philip Morris International in a research note 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, three have assigned a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, Philip Morris International presently has an average rating of "Moderate Buy" and a consensus target price of $134.35.

Philip Morris International Price Performance

Philip Morris International stock traded up $1.60 during mid-day trading on Tuesday, reaching $148.17. 4,989,453 shares of the company were exchanged, compared to its average volume of 5,533,068. The firm has a market cap of $230.37 billion, a PE ratio of 32.85, a PEG ratio of 2.55 and a beta of 0.55. The company has a fifty day simple moving average of $125.98 and a 200-day simple moving average of $124.29. Philip Morris International Inc. has a 12 month low of $87.82 and a 12 month high of $148.53.

Philip Morris International (NYSE:PM - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $1.55 EPS for the quarter, topping analysts' consensus estimates of $1.49 by $0.06. Philip Morris International had a net margin of 9.24% and a negative return on equity of 120.08%. Sell-side analysts anticipate that Philip Morris International Inc. will post 7.11 earnings per share for the current year.

Philip Morris International Announces Dividend

The firm 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 was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a yield of 3.64%. Philip Morris International's dividend payout ratio (DPR) is presently 119.73%.

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.