2 weeks Ago By ABMN Staff
Ascent Group LLC raised its stake in shares of Philip Morris International Inc. ( NYSE:PM – Free Report ) by 3.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.
The institutional investor owned 46,706 shares of the company’s stock after acquiring an additional 1,463 shares during the period. Ascent Group LLC’s holdings in Philip Morris International were worth $4,733,000 as of its most recent SEC filing. A number of other hedge funds have also recently bought and sold shares of PM.
Iron Horse Wealth Management LLC increased its position in shares of Philip Morris International by 684.4% during the second quarter. Iron Horse Wealth Management LLC now owns 251 shares of the company’s stock valued at $25,000 after acquiring an additional 219 shares during the last quarter.
Sachetta LLC raised its stake in shares of Philip Morris International by 64.8% during the 2nd quarter. Sachetta LLC now owns 267 shares of the company’s stock worth $27,000 after purchasing an additional 105 shares during the period.
Fortitude Family Office LLC boosted its holdings in shares of Philip Morris International by 57.4% in the 2nd quarter. Fortitude Family Office LLC now owns 318 shares of the company’s stock worth $32,000 after buying an additional 116 shares during the last quarter.
Boyd Watterson Asset Management LLC OH boosted its stake in Philip Morris International by 250.0% in the first quarter. Boyd Watterson Asset Management LLC OH now owns 322 shares of the company’s stock valued at $30,000 after acquiring an additional 230 shares during the last quarter.
Finally, Olistico Wealth LLC purchased a new position in Philip Morris International in the second quarter valued at approximately $34,000. 78.63% of the stock is owned by hedge funds and other institutional investors.
Philip Morris International Stock Performance Philip Morris International stock opened at $120.62 on Friday. Philip Morris International Inc.
has a fifty-two week low of $87.23 and a fifty-two week high of $128.22.
The stock has a market cap of $187.51 billion, a P/E ratio of 23.56, a PEG ratio of 2.
37 and a beta of 0.55. The firm’s fifty day moving average price is $119.
60 and its 200-day moving average price is $105.65. Philip Morris International Increases Dividend The business also recently declared a quarterly dividend, which will be paid on Thursday, October 10th.
Shareholders of record on Thursday, September 26th will be paid a $1.35 dividend. This represents a $5.
40 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date of this dividend is Thursday, September 26th.
This is a boost from Philip Morris International’s previous quarterly dividend of $1.30. Philip Morris International’s payout ratio is currently 105.
47%. Analyst Upgrades and Downgrades PM has been the subject of a number of recent research reports. Bank of America raised their target price on Philip Morris International from $125.
00 to $139.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Stifel Nicolaus upped their price objective on shares of Philip Morris International from $120.
00 to $138.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. The Goldman Sachs Group lifted their target price on shares of Philip Morris International from $126.
00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday. StockNews.
com upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research note on Monday, July 22nd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Philip Morris International from $110.
00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company.
According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $119.14. Get Our Latest Stock Report on PM Insider Transactions at Philip Morris International In related news, insider Wilde Frederic De sold 20,000 shares of the company’s stock in a transaction on Thursday, July 25th.
The shares were sold at an average price of $113.01, for a total value of $2,260,200.00.
Following the completion of the transaction, the insider now directly owns 158,447 shares in the company, valued at $17,906,095.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink .
In other Philip Morris International news, insider Massimo Andolina sold 9,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $115.35, for a total transaction of $1,038,150.
00. Following the transaction, the insider now directly owns 85,629 shares in the company, valued at $9,877,305.15.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink . Also, insider Wilde Frederic De sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $113.
01, for a total transaction of $2,260,200.00. Following the completion of the sale, the insider now owns 158,447 shares of the company’s stock, valued at $17,906,095.
47. The disclosure for this sale can be found here . Insiders own 0.
13% of the company’s stock. About Philip Morris International ( Free Report ) 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.
Recommended Stories Want to see what other hedge funds are holding PM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Philip Morris International Inc. ( NYSE:PM – Free Report ).
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