Philip Morris International Inc. $PM Shares Bought by Keybank National Association OH

Keybank National Association OH grew its stake in shares of Philip Morris International Inc. (NYSE:PM) by 14.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 160,708 shares of the company’s stock after purchasing an additional 19,773 shares during the period. Keybank National Association OH’s holdings in Philip Morris International were worth $26,067,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PM. Legacy Investment Solutions LLC purchased a new position in shares of Philip Morris International during the second quarter valued at $25,000. Traub Capital Management LLC purchased a new position in Philip Morris International during the 2nd quarter valued at about $25,000. Marquette Asset Management LLC increased its holdings in shares of Philip Morris International by 1,677.8% in the 3rd quarter. Marquette Asset Management LLC now owns 160 shares of the company’s stock valued at $26,000 after purchasing an additional 151 shares during the period. 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 purchasing an additional 120 shares in the last quarter. Finally, Estabrook Capital Management acquired a new stake in shares of Philip Morris International during the second quarter worth approximately $30,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

PM has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research report on Thursday, January 22nd. JPMorgan Chase & Co. dropped their price target on shares of Philip Morris International from $190.00 to $185.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Philip Morris International in a research report on Wednesday, October 22nd. Stifel Nicolaus set a $180.00 price target on Philip Morris International in a research note on Tuesday, October 21st. Finally, Morgan Stanley set a $175.00 price target on Philip Morris International and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $184.56.

Philip Morris International Stock Up 0.9%

Shares of Philip Morris International stock opened at $179.42 on Friday. Philip Morris International Inc. has a 12-month low of $128.25 and a 12-month high of $186.69. The company has a 50-day simple moving average of $161.53 and a 200 day simple moving average of $161.42. The stock has a market capitalization of $279.29 billion, a P/E ratio of 32.50, a price-to-earnings-growth ratio of 1.92 and a beta of 0.40.

Philip Morris International Dividend Announcement

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