Lebenthal Global Advisors LLC Raises Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Lebenthal Global Advisors LLC lifted its stake in Philip Morris International Inc. (NYSE:PM) by 3.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,768 shares of the company’s stock after buying an additional 450 shares during the quarter. Lebenthal Global Advisors LLC’s holdings in Philip Morris International were worth $1,657,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. White Lighthouse Investment Management Inc. raised its stake in Philip Morris International by 71.4% during the 3rd quarter. White Lighthouse Investment Management Inc. now owns 11,999 shares of the company’s stock worth $1,457,000 after acquiring an additional 4,999 shares during the period. Range Financial Group LLC increased its stake in shares of Philip Morris International by 504.9% in the fourth quarter. Range Financial Group LLC now owns 22,915 shares of the company’s stock worth $2,758,000 after purchasing an additional 19,127 shares in the last quarter. Accredited Investors Inc. raised its position in shares of Philip Morris International by 3,553.3% during the 3rd quarter. Accredited Investors Inc. now owns 206,959 shares of the company’s stock valued at $25,125,000 after purchasing an additional 201,294 shares during the period. Park Avenue Securities LLC lifted its stake in shares of Philip Morris International by 18.9% during the 4th quarter. Park Avenue Securities LLC now owns 100,826 shares of the company’s stock valued at $12,134,000 after buying an additional 16,035 shares in the last quarter. Finally, CWA Asset Management Group LLC boosted its holdings in Philip Morris International by 37.5% in the 4th quarter. CWA Asset Management Group LLC now owns 24,200 shares of the company’s stock worth $2,912,000 after buying an additional 6,605 shares during the period. 78.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on PM. UBS Group raised their price target on Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a report on Wednesday, October 23rd. Barclays decreased their target price 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 price target on Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Philip Morris International from $118.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Finally, JPMorgan Chase & Co. upped their target price on shares of Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a research report 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 assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $131.35.

Philip Morris International Stock Up 2.3 %

Philip Morris International stock opened at $130.22 on Tuesday. Philip Morris International Inc. has a 52-week low of $87.82 and a 52-week high of $134.15. The firm’s fifty day moving average is $125.30 and its 200 day moving average is $122.25. The company has a market cap of $202.46 billion, a price-to-earnings ratio of 20.67, a PEG ratio of 2.01 and a beta of 0.54.

Philip Morris International Dividend Announcement

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