Philip Morris International Inc. (NYSE:PM) Shares Acquired by RFG Advisory LLC

RFG Advisory LLC raised its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 22.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,625 shares of the company's stock after buying an additional 2,465 shares during the quarter. RFG Advisory LLC's holdings in Philip Morris International were worth $1,640,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PM. Valley Wealth Managers Inc. increased its stake in Philip Morris International by 457.5% in the 3rd quarter. Valley Wealth Managers Inc. now owns 223 shares of the company's stock valued at $27,000 after buying an additional 183 shares during the period. Dunhill Financial LLC raised its holdings in Philip Morris International by 203.8% during the third quarter. Dunhill Financial LLC now owns 240 shares of the company's stock worth $29,000 after purchasing an additional 161 shares in the last quarter. Concord Wealth Partners lifted its position in Philip Morris International by 2,709.1% in the third quarter. Concord Wealth Partners now owns 309 shares of the company's stock valued at $38,000 after purchasing an additional 298 shares during the period. Darwin Wealth Management LLC purchased a new stake in Philip Morris International in the 3rd quarter valued at approximately $54,000. Finally, Retirement Wealth Solutions LLC acquired a new position in Philip Morris International during the 4th quarter worth approximately $54,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PM. Barclays dropped their price objective on Philip Morris International from $155.00 to $145.00 and set an "overweight" rating on the stock in a report on Wednesday, January 8th. Stifel Nicolaus reiterated 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. Deutsche Bank Aktiengesellschaft upped their target price on shares of Philip Morris International from $118.00 to $135.00 and gave the stock a "buy" rating in a research report on Tuesday, October 1st. Citigroup boosted their price target on Philip Morris International from $118.50 to $132.00 and gave the stock a "buy" rating in a research note on Tuesday, October 8th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Philip Morris International from $125.00 to $145.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. One 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 currently has a consensus rating of "Moderate Buy" and a consensus price target of $131.35.

Philip Morris International Price Performance

NYSE:PM traded up $1.85 during mid-day trading on Friday, reaching $127.28. The company's stock had a trading volume of 3,685,716 shares, compared to its average volume of 3,905,063. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $134.15. The company's fifty day simple moving average is $125.30 and its two-hundred day simple moving average is $122.11. The stock has a market cap of $197.89 billion, a P/E ratio of 20.20, a P/E/G ratio of 2.01 and a beta of 0.54.

Philip Morris International Announces Dividend

The business 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. This represents a $5.40 annualized dividend and a yield of 4.24%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International's dividend payout ratio (DPR) is 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.