Kennedy Investment Group Invests $542,000 in Philip Morris International Inc. (NYSE:PM)

Kennedy Investment Group acquired a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,501 shares of the company's stock, valued at approximately $542,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Valley Wealth Managers Inc. increased its position in Philip Morris International by 457.5% during the 3rd quarter. Valley Wealth Managers Inc. now owns 223 shares of the company's stock worth $27,000 after purchasing an additional 183 shares in the last quarter. Dunhill Financial LLC boosted its holdings in shares of Philip Morris International by 203.8% during the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company's stock valued at $29,000 after acquiring an additional 161 shares in the last quarter. Concord Wealth Partners grew its position in Philip Morris International by 2,709.1% during the 3rd quarter. Concord Wealth Partners now owns 309 shares of the company's stock worth $38,000 after acquiring an additional 298 shares during the last quarter. Darwin Wealth Management LLC acquired a new position in Philip Morris International in the 3rd quarter worth about $54,000. Finally, Retirement Wealth Solutions LLC acquired a new position in Philip Morris International in the 4th quarter worth about $54,000. Institutional investors own 78.63% of the company's stock.

Analyst Upgrades and Downgrades

PM has been the topic of several research reports. Stifel Nicolaus restated a "buy" rating and set a $145.00 price target (up from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. UBS Group boosted their target price on shares of Philip Morris International from $103.00 to $105.00 and gave the stock a "sell" rating in a report on Wednesday, October 23rd. Citigroup upped their price target on shares of Philip Morris International from $118.50 to $132.00 and gave the company a "buy" rating in a research report on Tuesday, October 8th. Barclays cut 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 report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. increased their price objective on Philip Morris International from $125.00 to $145.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $131.35.

Philip Morris International Stock Performance

Shares of PM stock traded down $0.16 during mid-day trading on Friday, hitting $130.16. The company's stock had a trading volume of 5,331,134 shares, compared to its average volume of 4,484,783. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $134.15. The company's fifty day simple moving average is $125.23 and its 200-day simple moving average is $122.86. The company has a market cap of $202.37 billion, a PE ratio of 20.66, a P/E/G ratio of 2.29 and a beta of 0.54.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 4.15%. The ex-dividend date was Thursday, December 26th. Philip Morris International's dividend payout ratio (DPR) is presently 85.71%.

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.