12 hours Ago By Defense World Staff
Meiji Yasuda Asset Management Co Ltd. trimmed its holdings in Philip Morris International Inc. ( NYSE:PM – Free Report ) by 19.
4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,559 shares of the company’s stock after selling 13,380 shares during the period. Meiji Yasuda Asset Management Co Ltd.
’s holdings in Philip Morris International were worth $5,630,000 as of its most recent filing with the Securities & Exchange Commission. A number of other hedge funds have also recently made changes to their positions in PM. Longfellow Investment Management Co.
LLC lifted its position in Philip Morris International by 0.7% during the 2nd quarter. Longfellow Investment Management Co.
LLC now owns 12,888 shares of the company’s stock worth $1,306,000 after acquiring an additional 88 shares during the period. Dearborn Partners LLC raised its position in Philip Morris International by 3.2% during the 2nd quarter.
Dearborn Partners LLC now owns 2,867 shares of the company’s stock worth $291,000 after buying an additional 89 shares during the last quarter. LRI Investments LLC lifted its stake in Philip Morris International by 1.5% during the 2nd quarter.
LRI Investments LLC now owns 6,287 shares of the company’s stock valued at $637,000 after acquiring an additional 92 shares during the period. Cahill Financial Advisors Inc. boosted its holdings in shares of Philip Morris International by 4.
5% in the 2nd quarter. Cahill Financial Advisors Inc. now owns 2,294 shares of the company’s stock valued at $232,000 after acquiring an additional 99 shares during the last quarter.
Finally, Pekin Hardy Strauss Inc. increased its stake in shares of Philip Morris International by 0.3% in the second quarter.
Pekin Hardy Strauss Inc. now owns 28,913 shares of the company’s stock worth $2,930,000 after acquiring an additional 99 shares during the period. Institutional investors own 78.
63% of the company’s stock. Philip Morris International Stock Performance Philip Morris International stock opened at $120.96 on Thursday.
The stock has a market capitalization of $188.04 billion, a P/E ratio of 23.63, a P/E/G ratio of 2.
45 and a beta of 0.55. Philip Morris International Inc.
has a 1 year low of $87.23 and a 1 year high of $128.22.
The company’s fifty day moving average price is $117.57 and its 200 day moving average price is $104.25.
Philip Morris International Increases Dividend The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Thursday, September 26th will be issued a dividend of $1.35 per share.
This is a positive change from Philip Morris International’s previous quarterly dividend of $1.30. The ex-dividend date is Thursday, September 26th.
This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.46%.
Philip Morris International’s dividend payout ratio is presently 105.47%. Insider Activity In related news, insider Wilde Frederic De sold 20,000 shares of the business’s stock in a transaction dated Thursday, July 25th.
The shares were sold at an average price of $113.01, for a total transaction of $2,260,200.00.
Following the transaction, the insider now directly owns 158,447 shares in the company, valued at $17,906,095.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink .
In other Philip Morris International news, insider Massimo Andolina sold 9,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $115.35, for a total value of $1,038,150.
00. Following the completion of the sale, the insider now directly owns 85,629 shares of the company’s stock, valued at approximately $9,877,305.15.
The sale was disclosed in a filing 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 dated Thursday, July 25th. The shares were sold at an average price of $113.
01, for a total transaction of $2,260,200.00. Following the transaction, the insider now directly owns 158,447 shares in the company, valued at approximately $17,906,095.
47. The disclosure for this sale can be found here . Company insiders own 0.
13% of the company’s stock. Wall Street Analyst Weigh In Several equities research analysts have commented on PM shares. StockNews.
com raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Monday, July 22nd. Bank of America upped their target price on Philip Morris International from $125.00 to $139.
00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. JPMorgan Chase & Co. lifted their price target on Philip Morris International from $110.
00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Barclays upped their price objective on Philip Morris International from $130.
00 to $145.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. Finally, UBS Group boosted their target price on shares of Philip Morris International from $95.
00 to $105.00 and gave the company a “sell” rating in a research note on Monday, September 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock.
According to MarketBeat, Philip Morris International presently has an average rating of “Moderate Buy” and a consensus target price of $117.05. View Our Latest Stock Report on Philip Morris International Philip Morris International Company Profile ( 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. Featured Articles Five stocks we like better than Philip Morris International Why Special Dividends Can be a Delightful Surprise for Income Investors How Much Can You Make in Stocks in One Month? 3 Grocery Stocks That Are Proving They Are Still Essential This Is the Top Large-Cap Stock Insiders Are Buying How to Most Effectively Use the MarketBeat Earnings Screener Capitalize on Micron’s 24% Drop—Wall Street Eyes Major Upside Receive News & Ratings for Philip Morris International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International and related companies with MarketBeat.com's FREE daily email newsletter .
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