MKT Advisors LLC Has $395,000 Stock Position in Philip Morris International Inc. (NYSE:PM)

MKT Advisors LLC boosted its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 17.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,249 shares of the company’s stock after acquiring an additional 492 shares during the quarter. MKT Advisors LLC’s holdings in Philip Morris International were worth $395,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Valley Wealth Managers Inc. grew its holdings in 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 last quarter. Dunhill Financial LLC increased its stake in shares of Philip Morris International by 203.8% in the third quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock worth $29,000 after purchasing an additional 161 shares during the period. Concord Wealth Partners lifted its holdings in shares of Philip Morris International by 2,709.1% during the third quarter. Concord Wealth Partners now owns 309 shares of the company’s stock worth $38,000 after buying an additional 298 shares during the last quarter. Darwin Wealth Management LLC bought a new stake in shares of Philip Morris International in the third quarter valued at approximately $54,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Philip Morris International in the fourth quarter worth $54,000. 78.63% of the stock is owned by institutional investors.

Philip Morris International Stock Up 1.5 %

Shares of PM opened at $127.28 on Friday. The stock’s fifty day simple moving average is $125.30 and its 200-day simple moving average is $121.97. The firm has a market capitalization of $197.89 billion, a PE ratio of 20.20, a price-to-earnings-growth ratio of 2.01 and a beta of 0.54. 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. Investors 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 dividend on an annualized basis and a dividend yield of 4.24%. Philip Morris International’s dividend payout ratio (DPR) is presently 85.71%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. 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 target price for the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $145.00 price objective (up from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. Citigroup raised 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. 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 report on Tuesday, October 1st. Finally, UBS Group raised their price objective on shares of Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a report 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $131.35.

About Philip Morris International

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.