1,945 Shares in Philip Morris International Inc. (NYSE:PM) Bought by Patton Albertson Miller Group LLC

Patton Albertson Miller Group LLC acquired a new stake in shares of Philip Morris International Inc. (NYSE:PM) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,945 shares of the company’s stock, valued at approximately $234,000.

A number of other hedge funds have also bought and sold shares of PM. American Century Companies Inc. boosted its position in shares of Philip Morris International by 24.5% during the second quarter. American Century Companies Inc. now owns 8,701 shares of the company’s stock valued at $882,000 after buying an additional 1,715 shares during the period. AQR Capital Management LLC boosted its holdings in Philip Morris International by 29.4% during the 2nd quarter. AQR Capital Management LLC now owns 322,043 shares of the company’s stock valued at $32,571,000 after acquiring an additional 73,234 shares during the period. Kathmere Capital Management LLC grew its position in Philip Morris International by 79.9% in the 2nd quarter. Kathmere Capital Management LLC now owns 8,695 shares of the company’s stock valued at $881,000 after acquiring an additional 3,862 shares during the last quarter. Ascent Group LLC increased its stake in Philip Morris International by 3.2% in the second quarter. Ascent Group LLC now owns 46,706 shares of the company’s stock worth $4,733,000 after purchasing an additional 1,463 shares during the period. Finally, Forefront Analytics LLC purchased a new stake in Philip Morris International in the second quarter worth $278,000. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Price Performance

Shares of NYSE PM opened at $127.28 on Friday. The business has a fifty day moving average price of $125.30 and a 200 day moving average price of $121.97. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $134.15. The stock has a market capitalization of $197.89 billion, a P/E ratio of 20.20, a price-to-earnings-growth ratio of 2.01 and a beta of 0.54.

Philip Morris International Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s dividend payout ratio is currently 85.71%.

Analyst Ratings Changes

A number of research firms have recently commented on PM. Barclays cut their price target on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. UBS Group upped their target price on shares of Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a research note on Wednesday, October 23rd. Stifel Nicolaus reaffirmed 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. Citigroup increased their price objective 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, Morgan Stanley assumed coverage on Philip Morris International in a research report on Thursday, January 16th. They set an “overweight” rating and a $140.00 target price for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $131.35.

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.