Jones Financial Companies Lllp Increases Holdings in Philip Morris International Inc. $PM

Jones Financial Companies Lllp increased its stake in Philip Morris International Inc. (NYSE:PM) by 10.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 190,498 shares of the company’s stock after acquiring an additional 18,547 shares during the period. Jones Financial Companies Lllp’s holdings in Philip Morris International were worth $31,362,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Legacy Investment Solutions LLC purchased a new stake in Philip Morris International during the 2nd quarter valued at $25,000. Traub Capital Management LLC bought a new position in Philip Morris International during the second quarter valued at $25,000. Marquette Asset Management LLC raised its stake in shares of Philip Morris International by 1,677.8% in the third quarter. Marquette Asset Management LLC now owns 160 shares of the company’s stock valued at $26,000 after acquiring an additional 151 shares during the period. Briaud Financial Planning Inc raised its stake 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 valued at $30,000 after acquiring an additional 120 shares during the period. Finally, Estabrook Capital Management bought a new stake in shares of Philip Morris International in the 2nd quarter worth about $30,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Price Performance

PM stock opened at $179.91 on Tuesday. Philip Morris International Inc. has a 1-year low of $128.25 and a 1-year high of $186.69. The business has a 50-day moving average price of $162.12 and a 200 day moving average price of $161.27. The company has a market capitalization of $280.05 billion, a P/E ratio of 32.59, a PEG ratio of 1.93 and a beta of 0.40.

Philip Morris International Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 3.3%. Philip Morris International’s dividend payout ratio (DPR) is currently 106.52%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wall Street Zen lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Barclays reduced their price target on Philip Morris International from $220.00 to $180.00 and set an “overweight” rating on the stock in a report on Monday, November 17th. Jefferies Financial Group cut Philip Morris International from a “buy” rating to a “hold” rating and dropped their price objective for the company from $220.00 to $180.00 in a report on Tuesday, January 20th. JPMorgan Chase & Co. reduced their target price on 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. Finally, Stifel Nicolaus set a $180.00 target price on Philip Morris International in a research report on Tuesday, October 21st. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $184.56.

Philip Morris International 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.