Chicago Partners Investment Group LLC Buys 4,244 Shares of Philip Morris International Inc. (NYSE:PM)

Chicago Partners Investment Group LLC raised its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 50.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,718 shares of the company's stock after buying an additional 4,244 shares during the period. Chicago Partners Investment Group LLC's holdings in Philip Morris International were worth $1,550,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of PM. White Lighthouse Investment Management Inc. grew its holdings in 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 acquiring an additional 4,999 shares during the last quarter. Range Financial Group LLC increased its holdings in shares of Philip Morris International by 504.9% in the fourth quarter. Range Financial Group LLC now owns 22,915 shares of the company's stock valued at $2,758,000 after purchasing an additional 19,127 shares in the last quarter. Accredited Investors Inc. raised its position in Philip Morris International by 3,553.3% in the 3rd quarter. Accredited Investors Inc. now owns 206,959 shares of the company's stock worth $25,125,000 after purchasing an additional 201,294 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in Philip Morris International by 18.9% during the 4th quarter. Park Avenue Securities LLC now owns 100,826 shares of the company's stock worth $12,134,000 after buying an additional 16,035 shares in the last quarter. Finally, CWA Asset Management Group LLC boosted its position in Philip Morris International by 37.5% in the 4th quarter. CWA Asset Management Group LLC now owns 24,200 shares of the company's stock valued at $2,912,000 after buying an additional 6,605 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PM. Barclays cut their price target on Philip Morris International from $155.00 to $145.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 8th. Stifel Nicolaus restated a "buy" rating and set a $145.00 target price (up from $138.00) on shares of Philip Morris International in a research report on Wednesday, October 23rd. UBS Group lifted their price target on shares of Philip Morris International from $103.00 to $105.00 and gave the stock a "sell" rating in a research report on Wednesday, October 23rd. 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 objective on the stock. Finally, Citigroup upped their target price on shares of Philip Morris International from $118.50 to $132.00 and gave the company a "buy" rating in a research report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $131.35.

Philip Morris International Price Performance

PM stock traded down $0.16 during trading hours on Friday, reaching $130.16. 5,331,134 shares of the stock were exchanged, compared to its average volume of 4,484,783. The firm's 50-day moving average is $125.23 and its 200-day moving average is $122.98. Philip Morris International Inc. has a 12 month low of $87.82 and a 12 month high of $134.15. The company has a market cap of $202.37 billion, a price-to-earnings ratio of 20.66, a PEG ratio of 2.29 and a beta of 0.54.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors 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 is presently 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.