Duncan Williams Asset Management LLC Makes New $260,000 Investment in Philip Morris International Inc. (NYSE:PM)

Duncan Williams Asset Management LLC bought a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,162 shares of the company's stock, valued at approximately $260,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Valley Wealth Managers Inc. boosted its position in shares of Philip Morris International by 457.5% in the third quarter. Valley Wealth Managers Inc. now owns 223 shares of the company's stock worth $27,000 after buying an additional 183 shares during the period. Dunhill Financial LLC boosted its position 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 acquiring an additional 161 shares during the period. Concord Wealth Partners grew its stake in Philip Morris International by 2,709.1% during the 3rd quarter. Concord Wealth Partners now owns 309 shares of the company's stock valued at $38,000 after acquiring an additional 298 shares in the last quarter. Darwin Wealth Management LLC acquired a new position in shares of Philip Morris International in the 3rd quarter valued at about $54,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in shares of Philip Morris International in the fourth quarter worth approximately $54,000. Institutional investors and hedge funds own 78.63% of the company's stock.

Philip Morris International Trading Up 1.5 %

Philip Morris International stock traded up $1.85 on Friday, reaching $127.28. 3,685,716 shares of the stock were exchanged, compared to its average volume of 3,905,063. The stock has a market cap of $197.89 billion, a PE ratio of 20.20, a PEG ratio of 2.01 and a beta of 0.54. The firm has a fifty day moving average price of $125.30 and a two-hundred day moving average price of $122.11. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $134.15.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were paid a dividend of $1.35 per share. The ex-dividend date was Thursday, December 26th. This represents a $5.40 annualized dividend and a yield of 4.24%. Philip Morris International's payout ratio is 85.71%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Barclays dropped their price target on shares of 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. Deutsche Bank Aktiengesellschaft upped their target price on Philip Morris International from $118.00 to $135.00 and gave the stock a "buy" rating in a research report on Tuesday, October 1st. Morgan Stanley assumed coverage on Philip Morris International in a report on Thursday, January 16th. They set an "overweight" rating and a $140.00 price target for the company. UBS Group increased their price objective on Philip Morris International from $103.00 to $105.00 and gave the stock a "sell" rating in a report on Wednesday, October 23rd. Finally, Citigroup lifted 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.