Perigon Wealth Management LLC Has $1.68 Million Holdings in Philip Morris International Inc. (NYSE:PM)

Perigon Wealth Management LLC boosted its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 17.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,027 shares of the company's stock after acquiring an additional 2,119 shares during the quarter. Perigon Wealth Management LLC's holdings in Philip Morris International were worth $1,680,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. White Lighthouse Investment Management Inc. boosted its stake in shares of 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 during the last quarter. Range Financial Group LLC raised its stake in shares of Philip Morris International by 504.9% in the 4th quarter. Range Financial Group LLC now owns 22,915 shares of the company's stock valued at $2,758,000 after acquiring an additional 19,127 shares during the period. Accredited Investors Inc. boosted its position in shares of 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 buying an additional 201,294 shares during the period. Park Avenue Securities LLC grew its position in Philip Morris International by 18.9% in the fourth quarter. Park Avenue Securities LLC now owns 100,826 shares of the company's stock valued at $12,134,000 after acquiring an additional 16,035 shares in the last quarter. Finally, CWA Asset Management Group LLC increased its stake in Philip Morris International by 37.5% during the 4th quarter. CWA Asset Management Group LLC now owns 24,200 shares of the company's stock worth $2,912,000 after buying an additional 6,605 shares during the period. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Stock Performance

Shares of PM stock traded up $0.73 on Thursday, reaching $130.32. 3,241,667 shares of the company's stock traded hands, compared to its average volume of 4,891,396. The business's 50 day moving average price is $125.24 and its two-hundred day moving average price is $122.63. The company has a market capitalization of $202.63 billion, a P/E ratio of 20.69, a price-to-earnings-growth ratio of 2.01 and a beta of 0.54. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $134.15.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date was Thursday, December 26th. Philip Morris International's dividend payout ratio (DPR) is 85.71%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on PM shares. Morgan Stanley began 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. 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. Barclays lowered their price target on shares of Philip Morris International from $155.00 to $145.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. Citigroup upped their target price on shares of Philip Morris International from $118.50 to $132.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. increased their price objective on Philip Morris International from $125.00 to $145.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Philip Morris International has a consensus rating of "Moderate Buy" and a consensus target price 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.