Miles Capital Inc. Grows Holdings in Philip Morris International Inc. (NYSE:PM)

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Miles Capital Inc. lifted its stake in shares of Philip Morris International Inc. (NYSE:PM) by 4.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,020 shares of the company’s stock after buying an additional 560 shares during the quarter. Philip Morris International makes up about 0.8% of Miles Capital Inc.’s investment portfolio, making the stock its 29th largest holding. Miles Capital Inc.’s holdings in Philip Morris International were worth $1,023,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Welch Group LLC raised its stake in Philip Morris International by 2.6% during the 3rd quarter. Welch Group LLC now owns 4,702 shares of the company’s stock valued at $357,000 after acquiring an additional 120 shares in the last quarter. First Command Financial Services Inc. lifted its position in Philip Morris International by 5.0% in the third quarter. First Command Financial Services Inc. now owns 2,611 shares of the company’s stock worth $198,000 after purchasing an additional 125 shares during the period. Pacific Wealth Strategies Group Inc. boosted its stake in Philip Morris International by 1.1% during the 4th quarter. Pacific Wealth Strategies Group Inc. now owns 11,099 shares of the company’s stock valued at $944,000 after purchasing an additional 125 shares in the last quarter. Dowling & Yahnke LLC boosted its stake in Philip Morris International by 1.9% during the 3rd quarter. Dowling & Yahnke LLC now owns 6,853 shares of the company’s stock valued at $520,000 after purchasing an additional 130 shares in the last quarter. Finally, JJJ Advisors Inc. boosted its stake in Philip Morris International by 5.3% during the 3rd quarter. JJJ Advisors Inc. now owns 2,594 shares of the company’s stock valued at $197,000 after purchasing an additional 130 shares in the last quarter. 73.05% of the stock is owned by institutional investors and hedge funds.

Shares of Philip Morris International stock traded down $0.13 on Tuesday, reaching $88.56. 113,625 shares of the company were exchanged, compared to its average volume of 3,780,293. The stock has a fifty day moving average price of $85.74 and a 200-day moving average price of $81.58. The firm has a market capitalization of $137.03 billion, a price-to-earnings ratio of 18.40, a price-to-earnings-growth ratio of 2.09 and a beta of 1.00. Philip Morris International Inc. has a fifty-two week low of $69.27 and a fifty-two week high of $92.74.

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 19th were issued a dividend of $1.17 per share. This represents a $4.68 annualized dividend and a dividend yield of 5.28%. The ex-dividend date was Wednesday, December 18th. Philip Morris International’s dividend payout ratio is 91.76%.

Several research analysts recently weighed in on the company. Bank of America raised Philip Morris International from a “neutral” rating to a “buy” rating and set a $96.00 target price for the company in a research note on Tuesday, October 1st. Piper Sandler boosted their price target on shares of Philip Morris International from $105.00 to $114.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. Morgan Stanley boosted their price target on shares of Philip Morris International from $92.00 to $99.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Citigroup cut shares of Philip Morris International from a “buy” rating to a “neutral” rating and set a $90.00 price target on the stock. in a research report on Monday, December 2nd. Finally, Piper Jaffray Companies reissued an “overweight” rating on shares of Philip Morris International in a report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $95.17.

Philip Morris International Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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