Mediolanum International Funds Ltd Has $5.18 Million Holdings in Philip Morris International Inc. (NYSE:PM)

Mediolanum International Funds Ltd lifted its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 19.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,256 shares of the company's stock after acquiring an additional 6,897 shares during the period. Mediolanum International Funds Ltd's holdings in Philip Morris International were worth $5,178,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in PM. White Lighthouse Investment Management Inc. increased its position in Philip Morris International by 71.4% during the 3rd quarter. White Lighthouse Investment Management Inc. now owns 11,999 shares of the company's stock worth $1,457,000 after purchasing an additional 4,999 shares in the last quarter. Range Financial Group LLC increased its holdings in Philip Morris International by 504.9% in the fourth quarter. Range Financial Group LLC now owns 22,915 shares of the company's stock valued at $2,758,000 after buying an additional 19,127 shares during the last quarter. Accredited Investors Inc. boosted its holdings in Philip Morris International by 3,553.3% in the third quarter. Accredited Investors Inc. now owns 206,959 shares of the company's stock worth $25,125,000 after purchasing an additional 201,294 shares during the period. Park Avenue Securities LLC grew its position in shares of Philip Morris International by 18.9% during the 4th quarter. Park Avenue Securities LLC now owns 100,826 shares of the company's stock valued at $12,134,000 after buying an additional 16,035 shares during the last quarter. Finally, CWA Asset Management Group LLC lifted its holdings in shares of Philip Morris International by 37.5% in the 4th quarter. CWA Asset Management Group LLC now owns 24,200 shares of the company's stock worth $2,912,000 after purchasing an additional 6,605 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company's stock.

Wall Street Analyst Weigh In

PM has been the subject of a number of analyst reports. Barclays reduced their target price on shares of Philip Morris International from $155.00 to $145.00 and set an "overweight" rating for the company in a research note on Wednesday, January 8th. UBS Group upped their price target on shares of Philip Morris International from $103.00 to $105.00 and gave the company a "sell" rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their target price on Philip Morris International from $125.00 to $145.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. Citigroup boosted their price target on shares of Philip Morris International from $118.50 to $132.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. Finally, Stifel Nicolaus reaffirmed a "buy" rating and set a $145.00 target price (up previously from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. One 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. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $131.35.

Philip Morris International Trading Down 0.1 %

Philip Morris International stock traded down $0.16 during mid-day trading on Friday, hitting $130.16. 5,331,134 shares of the company's stock were exchanged, compared to its average volume of 4,484,783. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $134.15. The stock has a 50 day moving average of $125.23 and a two-hundred day moving average of $122.98. The stock has a market cap of $202.37 billion, a P/E ratio of 20.66, a P/E/G ratio of 2.29 and a beta of 0.54.

Philip Morris International Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 4.15%. Philip Morris International's dividend payout ratio (DPR) is currently 85.71%.

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.