James J. Burns & Company LLC Acquires 4,136 Shares of Philip Morris International Inc. (NYSE:PM)

James J. Burns & Company LLC raised its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 112.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,822 shares of the company’s stock after purchasing an additional 4,136 shares during the period. James J. Burns & Company LLC’s holdings in Philip Morris International were worth $941,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PM. State Street Corp boosted its holdings in shares of Philip Morris International by 0.4% in the 3rd quarter. State Street Corp now owns 54,711,621 shares of the company’s stock valued at $6,715,237,000 after buying an additional 224,840 shares in the last quarter. Geode Capital Management LLC grew its holdings in Philip Morris International by 2.0% in the third quarter. Geode Capital Management LLC now owns 32,101,324 shares of the company’s stock worth $3,886,818,000 after purchasing an additional 621,034 shares during the last quarter. FMR LLC increased its position in shares of Philip Morris International by 40.9% during the third quarter. FMR LLC now owns 23,168,446 shares of the company’s stock worth $2,812,649,000 after purchasing an additional 6,721,094 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Philip Morris International by 3.0% during the 3rd quarter. Franklin Resources Inc. now owns 13,000,570 shares of the company’s stock valued at $1,560,752,000 after purchasing an additional 376,406 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Philip Morris International by 57.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 9,241,612 shares of the company’s stock worth $1,121,932,000 after purchasing an additional 3,363,454 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Up 0.1 %

Shares of PM opened at $130.34 on Tuesday. The stock’s 50-day moving average price is $125.23 and its 200-day moving average price is $123.08. The company has a market capitalization of $202.65 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 2.30 and a beta of 0.55. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $134.15.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were paid a dividend of $1.35 per share. The ex-dividend date was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.14%. Philip Morris International’s payout ratio is 85.71%.

Analysts Set New Price Targets

A number of research firms have commented on PM. Morgan Stanley assumed coverage on Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price target for the company. Citigroup upped their price target on shares of Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. lifted their price objective on shares of Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Barclays cut their target price on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Finally, UBS Group lifted their price target on Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $131.35.

Philip Morris International Company Profile

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.