Philip Morris International Inc. (NYSE:PM) Position Increased by Revolve Wealth Partners LLC

Revolve Wealth Partners LLC raised its position in Philip Morris International Inc. (NYSE:PM) by 4.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,097 shares of the company’s stock after purchasing an additional 91 shares during the quarter. Revolve Wealth Partners LLC’s holdings in Philip Morris International were worth $252,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of PM. Valley Wealth Managers Inc. grew its stake in shares of Philip Morris International by 457.5% in the 3rd quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock valued at $27,000 after buying an additional 183 shares in the last quarter. Dunhill Financial LLC raised its position in Philip Morris International by 203.8% during the third quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock valued at $29,000 after acquiring an additional 161 shares in the last quarter. Concord Wealth Partners lifted its stake in Philip Morris International by 2,709.1% in the third quarter. Concord Wealth Partners now owns 309 shares of the company’s stock valued at $38,000 after acquiring an additional 298 shares during the last quarter. Darwin Wealth Management LLC bought a new stake in Philip Morris International in the third quarter worth approximately $54,000. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of Philip Morris International during the 4th quarter worth $54,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PM has been the subject of several analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. UBS Group upped their price target on Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a research note on Wednesday, October 23rd. Barclays cut their price objective on 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. Citigroup upped their target price on Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $145.00 price target (up previously from $138.00) on shares of Philip Morris International in a research report on Wednesday, October 23rd. One 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $131.35.

Philip Morris International Trading Down 1.1 %

Philip Morris International stock opened at $129.06 on Wednesday. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $134.15. The company has a market cap of $200.66 billion, a P/E ratio of 20.49, a price-to-earnings-growth ratio of 2.01 and a beta of 0.54. The company has a fifty day simple moving average of $125.27 and a 200 day simple moving average of $122.42.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is presently 85.71%.

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.