Stratos Investment Management LLC Acquires 651 Shares of Philip Morris International Inc. (NYSE:PM)

Stratos Investment Management LLC raised its holdings in Philip Morris International Inc. (NYSE:PM) by 13.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,603 shares of the company’s stock after acquiring an additional 651 shares during the period. Stratos Investment Management LLC’s holdings in Philip Morris International were worth $674,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. White Lighthouse Investment Management Inc. lifted its holdings in shares of Philip Morris International by 71.4% in the 3rd quarter. White Lighthouse Investment Management Inc. now owns 11,999 shares of the company’s stock worth $1,457,000 after purchasing an additional 4,999 shares in the last quarter. Range Financial Group LLC lifted its holdings in shares of Philip Morris International by 504.9% in the 4th quarter. Range Financial Group LLC now owns 22,915 shares of the company’s stock worth $2,758,000 after purchasing an additional 19,127 shares in the last quarter. Accredited Investors Inc. lifted its holdings in shares of Philip Morris International by 3,553.3% in the 3rd quarter. Accredited Investors Inc. now owns 206,959 shares of the company’s stock worth $25,125,000 after purchasing an additional 201,294 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in shares of Philip Morris International by 18.9% in the 4th quarter. Park Avenue Securities LLC now owns 100,826 shares of the company’s stock worth $12,134,000 after purchasing an additional 16,035 shares in the last quarter. Finally, CWA Asset Management Group LLC lifted its stake in Philip Morris International by 37.5% during the 4th quarter. CWA Asset Management Group LLC now owns 24,200 shares of the company’s stock valued at $2,912,000 after acquiring an additional 6,605 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on PM. JPMorgan Chase & Co. raised their price objective on Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. UBS Group raised their price objective on Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a research note on Wednesday, October 23rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $145.00 target price (up from $138.00) on shares of Philip Morris International in a research report on Wednesday, October 23rd. Morgan Stanley began 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. Finally, Barclays decreased their target price on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. One equities 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, the stock has an average rating of “Moderate Buy” and a consensus price target of $131.35.

Philip Morris International Stock Up 0.4 %

Shares of NYSE PM opened at $130.91 on Thursday. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $134.15. The business has a 50-day simple moving average of $125.18 and a two-hundred day simple moving average of $123.41. The company has a market cap of $203.54 billion, a P/E ratio of 20.78, a P/E/G ratio of 2.30 and a beta of 0.55.

Philip Morris International Announces Dividend

The firm also recently declared 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 of this dividend was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.13%. Philip Morris International’s dividend payout ratio (DPR) is presently 85.71%.

Philip Morris International Company 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.