Patriot Financial Group Insurance Agency LLC Raises Position in Philip Morris International Inc. (NYSE:PM)

Patriot Financial Group Insurance Agency LLC raised its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 7.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,766 shares of the company's stock after buying an additional 1,981 shares during the period. Patriot Financial Group Insurance Agency LLC's holdings in Philip Morris International were worth $3,462,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. 49 Wealth Management LLC grew its holdings in shares of Philip Morris International by 3.6% during the 3rd quarter. 49 Wealth Management LLC now owns 2,432 shares of the company's stock valued at $295,000 after purchasing an additional 84 shares during the last quarter. Woodmont Investment Counsel LLC grew its holdings in shares of Philip Morris International by 1.6% during the 3rd quarter. Woodmont Investment Counsel LLC now owns 5,452 shares of the company's stock valued at $662,000 after purchasing an additional 86 shares during the last quarter. YHB Investment Advisors Inc. grew its holdings in shares of Philip Morris International by 4.2% during the 3rd quarter. YHB Investment Advisors Inc. now owns 2,158 shares of the company's stock valued at $262,000 after purchasing an additional 87 shares during the last quarter. Cypress Wealth Services LLC grew its holdings in shares of Philip Morris International by 1.3% during the 3rd quarter. Cypress Wealth Services LLC now owns 6,748 shares of the company's stock valued at $819,000 after purchasing an additional 89 shares during the last quarter. Finally, Luts & Greenleigh Group Inc. grew its holdings in shares of Philip Morris International by 1.1% during the 3rd quarter. Luts & Greenleigh Group Inc. now owns 8,448 shares of the company's stock valued at $1,026,000 after purchasing an additional 89 shares during the last quarter. Institutional investors own 78.63% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Philip Morris International from $118.00 to $135.00 and gave the stock a "buy" rating in a report on Tuesday, October 1st. Stifel Nicolaus reissued a "buy" rating and issued a $145.00 price target (up previously from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. Morgan Stanley assumed coverage on shares of Philip Morris International in a report on Thursday, January 16th. They issued an "overweight" rating and a $140.00 price target on the stock. Citigroup raised their price target on shares of Philip Morris International from $118.50 to $132.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. raised their price target 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $131.35.

Philip Morris International Stock Down 1.1 %

Shares of NYSE:PM traded down $1.37 on Tuesday, hitting $129.06. The company had a trading volume of 5,101,253 shares, compared to its average volume of 5,048,521. The firm's 50-day simple moving average is $125.27 and its two-hundred day simple moving average is $122.42. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $134.15. The firm has a market capitalization of $200.66 billion, a price-to-earnings ratio of 20.49, a P/E/G ratio of 2.01 and a beta of 0.54.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were given a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a yield of 4.18%. Philip Morris International's dividend payout ratio (DPR) is currently 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.