Philip Morris International Inc. (NYSE:PM) Shares Bought by United Asset Strategies Inc.

United Asset Strategies Inc. boosted its holdings in Philip Morris International Inc. (NYSE:PM) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 82,317 shares of the company’s stock after purchasing an additional 745 shares during the period. United Asset Strategies Inc.’s holdings in Philip Morris International were worth $9,907,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of PM. American Century Companies Inc. grew its position in shares of Philip Morris International by 24.5% during the second 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 in the last quarter. AQR Capital Management LLC boosted its stake in Philip Morris International by 29.4% during the 2nd quarter. AQR Capital Management LLC now owns 322,043 shares of the company’s stock valued at $32,571,000 after acquiring an additional 73,234 shares during the last quarter. Ascent Group LLC grew its holdings in Philip Morris International by 3.2% during the 2nd quarter. Ascent Group LLC now owns 46,706 shares of the company’s stock worth $4,733,000 after acquiring an additional 1,463 shares in the last quarter. Forefront Analytics LLC acquired a new position in Philip Morris International during the 2nd quarter worth $278,000. Finally, Doheny Asset Management CA bought a new stake in shares of Philip Morris International in the 2nd quarter worth about $754,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

PM has been the subject of a number of research reports. Barclays decreased their price target on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Citigroup boosted their price target on Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. raised their price objective 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. Morgan Stanley initiated coverage on shares of Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective for the company. Finally, Stifel Nicolaus reissued a “buy” rating and set a $145.00 target price (up from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $131.35.

Philip Morris International Trading Up 1.5 %

NYSE PM opened at $127.28 on Monday. The company has a 50-day moving average price of $125.30 and a two-hundred day moving average price of $122.11. The stock has a market cap of $197.89 billion, a price-to-earnings ratio of 20.20, a price-to-earnings-growth ratio of 2.01 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.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were given a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 4.24%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s dividend 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.