2,497 Shares in Philip Morris International Inc. (NYSE:PM) Purchased by Stonebridge Financial Group LLC

Stonebridge Financial Group LLC purchased a new stake in Philip Morris International Inc. (NYSE:PM) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 2,497 shares of the company’s stock, valued at approximately $301,000.

A number of other large investors also recently made changes to their positions in PM. FMR LLC grew its holdings in Philip Morris International by 40.9% in the 3rd quarter. FMR LLC now owns 23,168,446 shares of the company’s stock valued at $2,812,649,000 after buying an additional 6,721,094 shares during the period. Massachusetts Financial Services Co. MA increased its position in Philip Morris International by 57.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 9,241,612 shares of the company’s stock worth $1,121,932,000 after purchasing an additional 3,363,454 shares during the last quarter. National Bank of Canada FI raised its stake in Philip Morris International by 161.6% during the third quarter. National Bank of Canada FI now owns 1,943,460 shares of the company’s stock worth $235,936,000 after purchasing an additional 1,200,636 shares during the period. Los Angeles Capital Management LLC raised its stake in Philip Morris International by 14,611.4% during the third quarter. Los Angeles Capital Management LLC now owns 1,173,531 shares of the company’s stock worth $142,467,000 after purchasing an additional 1,165,554 shares during the period. Finally, International Assets Investment Management LLC boosted its holdings in shares of Philip Morris International by 13,666.6% in the 3rd quarter. International Assets Investment Management LLC now owns 999,729 shares of the company’s stock valued at $121,367,000 after purchasing an additional 992,467 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Up 1.1 %

NYSE PM opened at $148.17 on Wednesday. The stock has a market cap of $230.38 billion, a P/E ratio of 32.85, a PEG ratio of 2.55 and a beta of 0.55. The company’s fifty day simple moving average is $125.98 and its 200-day simple moving average is $124.29. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $148.53.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a net margin of 9.24% and a negative return on equity of 120.08%. On average, research analysts expect that Philip Morris International Inc. will post 7.11 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s dividend payout ratio is currently 119.73%.

Wall Street Analyst Weigh In

PM has been the topic of several research reports. Stifel Nicolaus increased their target price on Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. UBS Group raised their price objective on Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a report on Friday, February 7th. Morgan Stanley assumed coverage on Philip Morris International in a report on Thursday, January 16th. They set an “overweight” rating and a $140.00 target price for the company. StockNews.com lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday. Finally, 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 research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued 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 $134.35.

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.