SYM FINANCIAL Corp Invests $450,000 in Philip Morris International Inc. (NYSE:PM)

SYM FINANCIAL Corp acquired a new stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 3,737 shares of the company's stock, valued at approximately $450,000.

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of Philip Morris International by 0.4% in the third quarter. State Street Corp now owns 54,711,621 shares of the company's stock valued at $6,715,237,000 after purchasing an additional 224,840 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Philip Morris International by 2.0% in the third quarter. Geode Capital Management LLC now owns 32,101,324 shares of the company's stock valued at $3,886,818,000 after purchasing an additional 621,034 shares in the last quarter. FMR LLC lifted its position in Philip Morris International by 40.9% in the third 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. Franklin Resources Inc. lifted its position in Philip Morris International by 3.0% in the third quarter. Franklin Resources Inc. now owns 13,000,570 shares of the company's stock worth $1,560,752,000 after buying an additional 376,406 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in Philip Morris International by 57.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 9,241,612 shares of the company's stock worth $1,121,932,000 after buying an additional 3,363,454 shares during the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PM has been the subject of a number of analyst reports. Stifel Nicolaus restated a "buy" rating and issued a $145.00 price target (up from $138.00) on shares of Philip Morris International in a research report on Wednesday, October 23rd. Barclays lowered their price target on 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. Morgan Stanley assumed coverage on Philip Morris International in a research report on Thursday, January 16th. They issued an "overweight" rating and a $140.00 price target for the company. Citigroup lifted their target price on 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, UBS Group lifted their target price on Philip Morris International from $103.00 to $105.00 and gave the stock a "sell" rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $131.35.

Philip Morris International Trading Down 0.1 %

Shares of Philip Morris International stock traded down $0.16 during trading on Friday, hitting $130.16. 5,331,134 shares of the stock traded hands, compared to its average volume of 4,484,783. The firm 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. Philip Morris International Inc. has a 52-week low of $87.82 and a 52-week high of $134.15. The stock's fifty day simple moving average is $125.23 and its 200 day simple moving average is $122.98.

Philip Morris International Dividend Announcement

The company also recently declared 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 was Thursday, December 26th. This represents a $5.40 annualized dividend and a dividend yield of 4.15%. Philip Morris International's dividend payout ratio is currently 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.