Mayflower Financial Advisors LLC Has $1.70 Million Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Mayflower Financial Advisors LLC increased its holdings in Philip Morris International Inc. (NYSE:PM) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,105 shares of the company’s stock after purchasing an additional 182 shares during the period. Mayflower Financial Advisors LLC’s holdings in Philip Morris International were worth $1,698,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. 49 Wealth Management LLC boosted its position in shares of Philip Morris International by 3.6% during the third quarter. 49 Wealth Management LLC now owns 2,432 shares of the company’s stock worth $295,000 after purchasing an additional 84 shares in the last quarter. Woodmont Investment Counsel LLC boosted its holdings in shares of Philip Morris International by 1.6% during the 3rd quarter. Woodmont Investment Counsel LLC now owns 5,452 shares of the company’s stock worth $662,000 after buying an additional 86 shares during the period. YHB Investment Advisors Inc. boosted its holdings in shares of Philip Morris International by 4.2% during the 3rd quarter. YHB Investment Advisors Inc. now owns 2,158 shares of the company’s stock worth $262,000 after buying an additional 87 shares during the period. Cypress Wealth Services LLC boosted its holdings in Philip Morris International by 1.3% in the 3rd quarter. Cypress Wealth Services LLC now owns 6,748 shares of the company’s stock valued at $819,000 after purchasing an additional 89 shares during the period. Finally, Luts & Greenleigh Group Inc. lifted its holdings in shares of Philip Morris International by 1.1% during the 3rd quarter. Luts & Greenleigh Group Inc. now owns 8,448 shares of the company’s stock worth $1,026,000 after acquiring an additional 89 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Price Performance

Shares of Philip Morris International stock opened at $129.06 on Wednesday. The firm has a market cap of $200.66 billion, a PE ratio of 20.49, a PEG ratio of 2.01 and a beta of 0.54. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $134.15. The company has a 50 day simple moving average of $125.27 and a two-hundred day simple moving average of $122.42.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 4.18%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s payout ratio is 85.71%.

Analyst Ratings Changes

A number of research firms recently issued reports on PM. UBS Group upped their price objective 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 initiated coverage on shares of Philip Morris International in a research note on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $145.00 target price (up previously from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. Barclays decreased their price objective on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. One 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 company’s stock. According to data from MarketBeat.com, Philip Morris International currently has a consensus 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.