Signature Wealth Management Partners LLC Boosts Stock Position in Philip Morris International Inc. (NYSE:PM)

Signature Wealth Management Partners LLC increased its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 29.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,862 shares of the company's stock after acquiring an additional 2,498 shares during the period. Philip Morris International comprises approximately 0.9% of Signature Wealth Management Partners LLC's holdings, making the stock its 20th largest position. Signature Wealth Management Partners LLC's holdings in Philip Morris International were worth $1,307,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. FMR LLC boosted its stake in shares of Philip Morris International by 40.9% in the 3rd quarter. FMR LLC now owns 23,168,446 shares of the company's stock worth $2,812,649,000 after buying an additional 6,721,094 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in 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 acquiring an additional 3,363,454 shares during the last quarter. National Bank of Canada FI lifted its holdings 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 valued at $235,936,000 after acquiring an additional 1,200,636 shares during the period. Los Angeles Capital Management LLC boosted its position 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 during the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of Philip Morris International by 13,666.6% during the 3rd quarter. International Assets Investment Management LLC now owns 999,729 shares of the company's stock valued at $121,367,000 after purchasing an additional 992,467 shares during the period. 78.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Morgan Stanley began coverage on shares of Philip Morris International in a research note on Thursday, January 16th. They issued an "overweight" rating and a $140.00 price objective on the stock. Citigroup increased their price target 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. Stifel Nicolaus reiterated a "buy" rating and set a $145.00 price target (up previously from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. UBS Group upped their price objective 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 target price on Philip Morris International from $155.00 to $145.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $131.35.

Philip Morris International Trading Down 0.1 %

PM traded down $0.16 on Friday, hitting $130.16. 5,331,134 shares of the company's stock traded hands, compared to its average volume of 4,484,783. The company's 50 day simple moving average is $125.23 and its 200-day simple moving average is $122.86. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $134.15. The firm has a market cap of $202.37 billion, a price-to-earnings ratio of 20.66, a P/E/G ratio of 2.29 and a beta of 0.54.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were issued a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend 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%.

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.