Orca Wealth Management LLC purchased a new stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 26,173 shares of the company's stock, valued at approximately $3,150,000. Philip Morris International accounts for 2.8% of Orca Wealth Management LLC's investment portfolio, making the stock its 12th largest holding.
Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC grew its holdings in shares of Philip Morris International by 40.9% during the 3rd quarter. FMR LLC now owns 23,168,446 shares of the company's stock worth $2,812,649,000 after acquiring an additional 6,721,094 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Philip Morris International by 57.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 9,241,612 shares of the company's stock valued at $1,121,932,000 after purchasing an additional 3,363,454 shares in the last quarter. National Bank of Canada FI grew its stake in Philip Morris International by 161.6% in the third quarter. National Bank of Canada FI now owns 1,943,460 shares of the company's stock worth $235,936,000 after purchasing an additional 1,200,636 shares during the period. Los Angeles Capital Management LLC raised its holdings in Philip Morris International by 14,611.4% in the third quarter. Los Angeles Capital Management LLC now owns 1,173,531 shares of the company's stock worth $142,467,000 after purchasing an additional 1,165,554 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its position in Philip Morris International by 13,666.6% during the third quarter. International Assets Investment Management LLC now owns 999,729 shares of the company's stock valued at $121,367,000 after buying an additional 992,467 shares during the period. Institutional investors own 78.63% of the company's stock.
Philip Morris International Stock Down 0.1 %
PM traded down $0.16 during midday trading on Friday, hitting $130.16. 5,331,134 shares of the company traded hands, compared to its average volume of 4,484,783. The company's 50-day moving average is $125.23 and its 200 day moving average is $122.86. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $134.15. The firm has a market capitalization of $202.37 billion, a PE ratio of 20.66, a price-to-earnings-growth 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. Shareholders of record on Thursday, December 26th were given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International's dividend payout ratio (DPR) is presently 85.71%.
Wall Street Analysts Forecast Growth
PM has been the topic of a number of recent research reports. Stifel Nicolaus reaffirmed a "buy" rating and issued a $145.00 target price (up from $138.00) on shares of Philip Morris International in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. upped their price objective on shares of Philip Morris International from $125.00 to $145.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. 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 report on Tuesday, October 8th. UBS Group upped their price target on Philip Morris International from $103.00 to $105.00 and gave the stock a "sell" rating in a research note on Wednesday, October 23rd. Finally, Barclays lowered their price objective on 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $131.35.
Check Out Our Latest Research Report on Philip Morris International
Philip Morris International Profile
(
Free Report)
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.
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