Philip Morris International Inc. (NYSE:PM) Stake Boosted by McAdam LLC

McAdam LLC raised its position in shares of Philip Morris International Inc. (NYSE:PM) by 66.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,382 shares of the company’s stock after buying an additional 1,355 shares during the period. McAdam LLC’s holdings in Philip Morris International were worth $407,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Intergy Private Wealth LLC lifted its position in shares of 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 acquiring an additional 80 shares in the last quarter. 49 Wealth Management LLC lifted its holdings in shares of Philip Morris International by 3.6% in the third quarter. 49 Wealth Management LLC now owns 2,432 shares of the company’s stock valued at $295,000 after purchasing an additional 84 shares in the last quarter. Woodmont Investment Counsel LLC boosted its position in shares of Philip Morris International by 1.6% in the third quarter. Woodmont Investment Counsel LLC now owns 5,452 shares of the company’s stock worth $662,000 after buying an additional 86 shares during the period. YHB Investment Advisors Inc. grew its holdings in shares of Philip Morris International by 4.2% during the third quarter. YHB Investment Advisors Inc. now owns 2,158 shares of the company’s stock valued at $262,000 after buying an additional 87 shares in the last quarter. Finally, Cypress Wealth Services LLC grew its holdings in shares of Philip Morris International by 1.3% during the third quarter. Cypress Wealth Services LLC now owns 6,748 shares of the company’s stock valued at $819,000 after buying an additional 89 shares in the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. UBS Group raised their price objective 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. Stifel Nicolaus restated a “buy” rating and set a $145.00 price target (up from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. Citigroup upped their price objective 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. Morgan Stanley initiated coverage on shares of Philip Morris International in a research note on Thursday, January 16th. They set an “overweight” rating and a $140.00 target price for the company. Finally, Barclays dropped their price target on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $131.35.

Philip Morris International Price Performance

Philip Morris International stock opened at $130.16 on Monday. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $134.15. The company’s fifty day moving average price is $125.23 and its two-hundred day moving average price is $122.98. The company has a market capitalization of $202.37 billion, a price-to-earnings ratio of 20.66, a PEG ratio of 2.30 and a beta of 0.55.

Philip Morris International Announces Dividend

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

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.