Phoenix Financial Ltd. Has $5.24 Million Position in Philip Morris International Inc. $PM

Phoenix Financial Ltd. boosted its stake in shares of Philip Morris International Inc. (NYSE:PM) by 139.1% during the third quarter, Holdings Channel.com reports. The fund owned 32,329 shares of the company’s stock after acquiring an additional 18,810 shares during the period. Phoenix Financial Ltd.’s holdings in Philip Morris International were worth $5,244,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new stake in shares of Philip Morris International during the 2nd quarter worth $25,000. Traub Capital Management LLC bought a new stake in Philip Morris International during the second quarter worth about $25,000. Marquette Asset Management LLC lifted its position 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 worth $26,000 after purchasing an additional 151 shares during the period. Briaud Financial Planning Inc grew its stake in Philip Morris International by 266.7% during 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 in the last quarter. Finally, Estabrook Capital Management bought a new position in Philip Morris International in the 2nd quarter valued at about $30,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Stock Performance

Shares of NYSE:PM opened at $175.83 on Tuesday. Philip Morris International Inc. has a 52-week low of $128.25 and a 52-week high of $186.69. The company has a market capitalization of $273.70 billion, a PE ratio of 31.85, a price-to-earnings-growth ratio of 1.86 and a beta of 0.40. The company has a fifty day moving average of $159.68 and a 200-day moving average of $161.33.

Philip Morris International Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 3.3%. Philip Morris International’s dividend payout ratio (DPR) is currently 106.52%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Philip Morris International in a report on Wednesday, October 22nd. Stifel Nicolaus set a $180.00 price objective on shares of Philip Morris International in a research report on Tuesday, October 21st. Morgan Stanley set a $175.00 target price on Philip Morris International and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Wall Street Zen cut Philip Morris International from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Finally, Barclays dropped their price objective on Philip Morris International from $220.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, November 17th. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $184.56.

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.