Philip Morris International Inc. (NYSE:PM) Shares Bought by Caprock Group LLC

Caprock Group LLC grew its stake in Philip Morris International Inc. (NYSE:PM) by 8.4% during the 4th quarter, Holdings Channel reports. The firm owned 49,058 shares of the company’s stock after purchasing an additional 3,814 shares during the quarter. Caprock Group LLC’s holdings in Philip Morris International were worth $5,970,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Hamilton Point Investment Advisors LLC boosted its stake in shares of Philip Morris International by 2.7% in the fourth quarter. Hamilton Point Investment Advisors LLC now owns 4,319 shares of the company’s stock worth $526,000 after acquiring an additional 114 shares during the last quarter. Intergy Private Wealth LLC lifted its holdings in Philip Morris International by 4.3% in the 4th quarter. Intergy Private Wealth LLC now owns 1,959 shares of the company’s stock valued at $236,000 after purchasing an additional 80 shares in the last quarter. CMG Global Holdings LLC boosted its stake in Philip Morris International by 2.7% during the 4th quarter. CMG Global Holdings LLC now owns 5,232 shares of the company’s stock worth $643,000 after purchasing an additional 137 shares during the last quarter. Hunter Associates Investment Management LLC grew its holdings in shares of Philip Morris International by 0.4% during the fourth quarter. Hunter Associates Investment Management LLC now owns 33,798 shares of the company’s stock worth $4,060,000 after buying an additional 142 shares in the last quarter. Finally, Fortune Financial Advisors LLC raised its position in shares of Philip Morris International by 3.2% in the fourth quarter. Fortune Financial Advisors LLC now owns 13,012 shares of the company’s stock valued at $1,566,000 after buying an additional 402 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Analyst Ratings Changes

PM has been the topic of a number of recent research reports. UBS Group boosted their price target on shares of Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a research report on Wednesday, October 23rd. Barclays dropped their price target on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $145.00 price target (up previously from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. Morgan Stanley started coverage on Philip Morris International in a research note on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective on the stock. Finally, JPMorgan Chase & Co. raised their target price on Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $131.35.

Philip Morris International Stock Down 0.1 %

Shares of Philip Morris International stock opened at $130.16 on Friday. The firm has a market cap of $202.37 billion, a PE ratio of 20.66, a price-to-earnings-growth ratio of 2.29 and a beta of 0.54. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $134.15. The business’s fifty day simple moving average is $125.22 and its 200-day simple moving average is $122.69.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were given a $1.35 dividend. The ex-dividend date was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a yield of 4.15%. Philip Morris International’s payout ratio is currently 85.71%.

Philip Morris International 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.