Austin Private Wealth LLC Has $425,000 Stock Position in Philip Morris International Inc. (NYSE:PM)

Austin Private Wealth LLC raised its position in shares of Philip Morris International Inc. (NYSE:PM) by 19.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,531 shares of the company’s stock after purchasing an additional 563 shares during the period. Austin Private Wealth LLC’s holdings in Philip Morris International were worth $425,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Valley Wealth Managers Inc. increased its holdings in shares of Philip Morris International by 457.5% during the third quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock worth $27,000 after buying an additional 183 shares in the last quarter. Dunhill Financial LLC increased its holdings in Philip Morris International by 203.8% in the third quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock valued at $29,000 after purchasing an additional 161 shares during the period. Concord Wealth Partners increased its holdings 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. Asset Dedication LLC increased its holdings in Philip Morris International by 55.5% in the fourth quarter. Asset Dedication LLC now owns 412 shares of the company’s stock valued at $50,000 after purchasing an additional 147 shares during the period. Finally, Darwin Wealth Management LLC acquired a new stake in Philip Morris International in the third quarter valued at $54,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PM has been the subject of a number of recent research reports. Morgan Stanley initiated coverage on Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Barclays decreased their price objective on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. 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 report on Wednesday, October 23rd. Finally, UBS Group upped their price target on shares of Philip Morris International from $103.00 to $105.00 and gave the company 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 issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Philip Morris International has a consensus rating of “Moderate Buy” and a consensus target price of $131.35.

Philip Morris International Price Performance

PM stock opened at $130.16 on Friday. The stock has a market capitalization of $202.37 billion, a PE ratio of 20.66, a price-to-earnings-growth ratio of 2.29 and a beta of 0.54. The company’s 50-day moving average is $125.22 and its 200-day moving average is $122.69. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $134.15.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were given 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 4.15%. Philip Morris International’s dividend payout ratio (DPR) is presently 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.