Ausdal Financial Partners Inc. lifted its holdings in shares of Philip Morris International Inc. (NYSE:PM – Free Report) by 32.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,519 shares of the company’s stock after buying an additional 4,306 shares during the period. Ausdal Financial Partners Inc.’s holdings in Philip Morris International were worth $2,842,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Second Line Capital LLC grew its stake in shares of Philip Morris International by 4.8% in the second quarter. Second Line Capital LLC now owns 1,338 shares of the company’s stock worth $245,000 after purchasing an additional 61 shares in the last quarter. Meridian Wealth Partners LLC increased its holdings in shares of Philip Morris International by 3.1% during the second quarter. Meridian Wealth Partners LLC now owns 2,060 shares of the company’s stock valued at $375,000 after purchasing an additional 62 shares during the period. Bernardo Wealth Planning LLC raised its stake in shares of Philip Morris International by 1.8% during the second quarter. Bernardo Wealth Planning LLC now owns 3,584 shares of the company’s stock valued at $653,000 after purchasing an additional 62 shares in the last quarter. Raiffeisen Bank International AG lifted its holdings in Philip Morris International by 1.4% in the second quarter. Raiffeisen Bank International AG now owns 4,471 shares of the company’s stock worth $803,000 after purchasing an additional 63 shares during the period. Finally, Nia Impact Advisors LLC lifted its holdings in Philip Morris International by 4.2% in the second quarter. Nia Impact Advisors LLC now owns 1,577 shares of the company’s stock worth $287,000 after purchasing an additional 63 shares during the period. 78.63% of the stock is currently owned by institutional investors and hedge funds.
Philip Morris International Stock Up 1.5%
NYSE:PM opened at $174.52 on Monday. The business’s 50-day moving average price is $176.24 and its 200 day moving average price is $164.12. The firm has a market cap of $271.67 billion, a P/E ratio of 24.00, a PEG ratio of 1.99 and a beta of 0.38. Philip Morris International Inc. has a 52-week low of $142.11 and a 52-week high of $191.30.
Philip Morris International Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Thursday, March 19th will be paid a dividend of $1.47 per share. The ex-dividend date of this dividend is Thursday, March 19th. This represents a $5.88 annualized dividend and a yield of 3.4%. Philip Morris International’s dividend payout ratio is currently 80.88%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the stock. UBS Group reiterated a “neutral” rating and issued a $181.50 target price on shares of Philip Morris International in a research report on Monday, February 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research note on Thursday, January 22nd. Barclays reiterated an “overweight” rating and issued a $205.00 price objective on shares of Philip Morris International in a report on Monday, February 23rd. Needham & Company LLC raised their price objective on shares of Philip Morris International from $190.00 to $205.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Finally, Stifel Nicolaus set a $200.00 target price on Philip Morris International in a report on Monday, February 9th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $196.83.
Get Our Latest Analysis on Philip Morris International
Insider Activity at Philip Morris International
In other Philip Morris International news, CEO Jacek Olczak sold 80,000 shares of the company’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $182.18, for a total value of $14,574,400.00. Following the transaction, the chief executive officer owned 632,344 shares of the company’s stock, valued at approximately $115,200,429.92. This represents a 11.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Emmanuel Babeau sold 33,800 shares of the company’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $181.61, for a total value of $6,138,418.00. Following the completion of the transaction, the chief financial officer directly owned 164,463 shares in the company, valued at $29,868,125.43. This represents a 17.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.13% of the stock is owned by corporate insiders.
About Philip Morris International
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.
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