Busey Bank Has $23.35 Million Holdings in Philip Morris International Inc. (NYSE:PM)

Busey Bank boosted its holdings in Philip Morris International Inc. (NYSE:PM) by 2.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 194,038 shares of the company’s stock after purchasing an additional 4,229 shares during the quarter. Busey Bank’s holdings in Philip Morris International were worth $23,353,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of PM. American Century Companies Inc. lifted its position in 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 purchasing an additional 1,715 shares during the period. Sunbelt Securities Inc. boosted its position in shares of Philip Morris International by 24.8% during the 2nd quarter. Sunbelt Securities Inc. now owns 5,077 shares of the company’s stock worth $514,000 after acquiring an additional 1,009 shares in the last quarter. EP Wealth Advisors LLC increased its stake in Philip Morris International by 4.2% in the second quarter. EP Wealth Advisors LLC now owns 23,692 shares of the company’s stock valued at $2,401,000 after acquiring an additional 946 shares during the last quarter. Advisory Alpha LLC raised its position in Philip Morris International by 9.9% during the second quarter. Advisory Alpha LLC now owns 4,030 shares of the company’s stock valued at $408,000 after purchasing an additional 363 shares in the last quarter. Finally, Granite Bay Wealth Management LLC bought a new stake in Philip Morris International during the second quarter worth $203,000. Institutional investors own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price target on Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. UBS Group increased their target price on shares of Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a report on Wednesday, October 23rd. Stifel Nicolaus reaffirmed 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. Barclays dropped their price objective on shares of 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. Finally, Citigroup boosted their target price on shares of Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. One 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 company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $131.35.

Philip Morris International Stock Performance

Philip Morris International stock opened at $129.62 on Thursday. The firm has a market cap of $201.53 billion, a price-to-earnings ratio of 20.57, a PEG 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. The firm has a 50 day moving average price of $125.26 and a two-hundred day moving average price of $122.59.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were issued a $1.35 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 annualized dividend and a yield of 4.17%. Philip Morris International’s 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.