Mather Group LLC. Increases Holdings in Philip Morris International Inc. (NYSE:PM)

Mather Group LLC. lifted its holdings in Philip Morris International Inc. (NYSE:PM) by 5.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 12,801 shares of the company’s stock after buying an additional 648 shares during the quarter. Mather Group LLC.’s holdings in Philip Morris International were worth $1,541,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Valley Wealth Managers Inc. grew its holdings in Philip Morris International by 457.5% during the 3rd quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock valued at $27,000 after buying an additional 183 shares in the last quarter. Dunhill Financial LLC grew its stake in Philip Morris International by 203.8% during the third quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock valued at $29,000 after acquiring an additional 161 shares in the last quarter. Concord Wealth Partners increased its holdings in Philip Morris International by 2,709.1% in the 3rd quarter. Concord Wealth Partners now owns 309 shares of the company’s stock valued at $38,000 after acquiring an additional 298 shares during the last quarter. Asset Dedication LLC lifted its stake in Philip Morris International by 55.5% in the 4th quarter. Asset Dedication LLC now owns 412 shares of the company’s stock worth $50,000 after purchasing an additional 147 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new position in shares of Philip Morris International during the 3rd quarter valued at about $54,000. Institutional investors own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. 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 target price on the stock. Barclays decreased their price objective on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Citigroup raised their target price on shares of Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a report on Tuesday, October 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 note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. lifted their price objective 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 assigned a buy rating to the company. According to MarketBeat.com, Philip Morris International presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.35.

Philip Morris International Price Performance

Philip Morris International stock opened at $130.42 on Wednesday. The firm has a market capitalization of $202.78 billion, a P/E ratio of 20.70, a price-to-earnings-growth ratio of 2.30 and a beta of 0.55. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $134.15. The company’s 50-day moving average is $125.22 and its 200 day moving average is $123.24.

Philip Morris International Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 annualized dividend and a dividend yield of 4.14%. Philip Morris International’s payout ratio is 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.