Caprock Group LLC Grows Stock Position in Philip Morris International Inc. (NYSE:PM)

Caprock Group LLC lifted its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 8.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,058 shares of the company's stock after acquiring an additional 3,814 shares during the quarter. Caprock Group LLC's holdings in Philip Morris International were worth $5,970,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Valley Wealth Managers Inc. boosted its stake in shares of Philip Morris International by 457.5% during the third quarter. Valley Wealth Managers Inc. now owns 223 shares of the company's stock valued at $27,000 after purchasing an additional 183 shares during the period. Dunhill Financial LLC lifted its holdings in Philip Morris International by 203.8% during the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company's stock valued at $29,000 after buying an additional 161 shares in the last quarter. Concord Wealth Partners boosted its position in Philip Morris International by 2,709.1% in the 3rd quarter. Concord Wealth Partners now owns 309 shares of the company's stock valued at $38,000 after buying an additional 298 shares during the period. Asset Dedication LLC increased its position in shares of Philip Morris International by 55.5% during the fourth quarter. Asset Dedication LLC now owns 412 shares of the company's stock worth $50,000 after acquiring an additional 147 shares during the period. Finally, Darwin Wealth Management LLC purchased a new position in shares of Philip Morris International during the third quarter worth approximately $54,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Stock Performance

PM stock traded down $0.16 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. The stock has a market cap of $202.37 billion, a P/E ratio of 20.66, a price-to-earnings-growth ratio of 2.29 and a beta of 0.54. The firm has a 50 day moving average price of $125.23 and a two-hundred day moving average price of $122.98. 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 disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were paid a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 annualized dividend and a dividend yield of 4.15%. Philip Morris International's payout ratio is currently 85.71%.

Analysts Set New Price Targets

A number of research firms recently weighed in on PM. Morgan Stanley started 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 for the company. Stifel Nicolaus reaffirmed a "buy" rating and issued a $145.00 price target (up previously from $138.00) on shares of Philip Morris International in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their price objective on shares of Philip Morris International from $125.00 to $145.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. Barclays lowered their target price on Philip Morris International from $155.00 to $145.00 and set an "overweight" rating for the company in a report on Wednesday, January 8th. Finally, Citigroup lifted their price target on Philip Morris International from $118.50 to $132.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $131.35.

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.