Foundations Investment Advisors LLC Buys 1,790 Shares of Philip Morris International Inc. (NYSE:PM)

Foundations Investment Advisors LLC lifted its position in Philip Morris International Inc. (NYSE:PM) by 8.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,404 shares of the company’s stock after acquiring an additional 1,790 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Philip Morris International were worth $2,696,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. American Century Companies Inc. boosted its stake in shares of Philip Morris International by 24.5% in the 2nd quarter. American Century Companies Inc. now owns 8,701 shares of the company’s stock worth $882,000 after buying an additional 1,715 shares during the last quarter. AQR Capital Management LLC boosted its position in Philip Morris International by 29.4% in the second quarter. AQR Capital Management LLC now owns 322,043 shares of the company’s stock worth $32,571,000 after purchasing an additional 73,234 shares during the last quarter. Creative Planning grew its stake in Philip Morris International by 2.2% in the 2nd quarter. Creative Planning now owns 346,059 shares of the company’s stock valued at $35,066,000 after purchasing an additional 7,510 shares during the period. Magnolia Capital Advisors LLC purchased a new stake in shares of Philip Morris International during the 2nd quarter valued at $211,000. Finally, NewEdge Advisors LLC raised its stake in shares of Philip Morris International by 6.5% during the 2nd quarter. NewEdge Advisors LLC now owns 116,575 shares of the company’s stock worth $11,813,000 after purchasing an additional 7,071 shares during the period. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Performance

Shares of NYSE PM opened at $130.22 on Tuesday. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $134.15. The stock has a market cap of $202.46 billion, a PE ratio of 20.67, a price-to-earnings-growth ratio of 2.01 and a beta of 0.54. The stock has a fifty day moving average of $125.30 and a 200-day moving average of $122.25.

Philip Morris International Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Barclays reduced their price target on shares of 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. Deutsche Bank Aktiengesellschaft raised their price target on shares of Philip Morris International from $118.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. 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. JPMorgan Chase & Co. increased their price objective on Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, Citigroup boosted their target price on Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Philip Morris International presently has an average rating of “Moderate Buy” and a consensus price target of $131.35.

About Philip Morris International

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.