Berman McAleer LLC Makes New $481,000 Investment in Philip Morris International Inc. $PM

Berman McAleer LLC purchased a new position in shares of Philip Morris International Inc. (NYSE:PM) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 2,965 shares of the company’s stock, valued at approximately $481,000.

Several other large investors have also made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new stake in shares of Philip Morris International in the 2nd quarter valued at $25,000. Traub Capital Management LLC acquired a new position in Philip Morris International during the second quarter worth $25,000. Marquette Asset Management LLC raised its holdings in Philip Morris International by 1,677.8% during the third quarter. Marquette Asset Management LLC now owns 160 shares of the company’s stock valued at $26,000 after buying an additional 151 shares in the last quarter. Briaud Financial Planning Inc lifted its position in shares of Philip Morris International by 266.7% in the second quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock worth $30,000 after buying an additional 120 shares during the last quarter. Finally, Estabrook Capital Management bought a new stake in shares of Philip Morris International during the 2nd quarter worth about $30,000. Institutional investors own 78.63% of the company’s stock.

Analyst Ratings Changes

PM has been the subject of several analyst reports. Wall Street Zen lowered Philip Morris International from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. The Goldman Sachs Group restated a “buy” rating on shares of Philip Morris International in a research note on Wednesday, October 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a report on Thursday, January 22nd. Morgan Stanley set a $175.00 target price on shares of Philip Morris International and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Finally, Jefferies Financial Group lowered shares of Philip Morris International from a “buy” rating to a “hold” rating and cut their target price for the stock from $220.00 to $180.00 in a research report on Tuesday, January 20th. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $184.56.

Philip Morris International Stock Performance

Shares of NYSE PM opened at $179.42 on Friday. Philip Morris International Inc. has a 52-week low of $128.25 and a 52-week high of $186.69. The business has a fifty day moving average of $161.53 and a two-hundred day moving average of $161.56. The stock has a market cap of $279.29 billion, a PE ratio of 32.50, a PEG ratio of 1.92 and a beta of 0.40.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th were given a $1.47 dividend. The ex-dividend date was Friday, December 26th. This represents a $5.88 dividend on an annualized basis and a yield of 3.3%. Philip Morris International’s payout ratio is 106.52%.

Philip Morris International Company Profile

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.