Tanager Wealth Management LLP Purchases New Position in Philip Morris International Inc. (NYSE:PM)

Tanager Wealth Management LLP acquired a new stake in shares of Philip Morris International Inc. (NYSE:PM) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 22,072 shares of the company’s stock, valued at approximately $2,686,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Ninety One North America Inc. increased its position in Philip Morris International by 3.4% during the fourth quarter. Ninety One North America Inc. now owns 636,336 shares of the company’s stock worth $76,583,000 after buying an additional 21,169 shares during the last quarter. James J. Burns & Company LLC increased its position in Philip Morris International by 112.2% during the fourth quarter. James J. Burns & Company LLC now owns 7,822 shares of the company’s stock worth $941,000 after buying an additional 4,136 shares during the last quarter. Mather Group LLC. increased its position in Philip Morris International by 5.3% during the fourth quarter. Mather Group LLC. now owns 12,801 shares of the company’s stock worth $1,541,000 after buying an additional 648 shares during the last quarter. Newton One Investments LLC acquired a new position in Philip Morris International during the fourth quarter worth $102,000. Finally, Brown Lisle Cummings Inc. increased its position in Philip Morris International by 35.4% during the fourth quarter. Brown Lisle Cummings Inc. now owns 860 shares of the company’s stock worth $104,000 after buying an additional 225 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. 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 research report on Wednesday, October 23rd. 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 research report on Wednesday, October 23rd. JPMorgan Chase & Co. raised their price target on Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Morgan Stanley started coverage on Philip Morris International in a research report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price target on the stock. Finally, Barclays lowered their price target on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $131.35.

Philip Morris International Stock Up 0.0 %

PM stock opened at $130.42 on Wednesday. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $134.15. The company has a market cap of $202.78 billion, a PE ratio of 20.70, a price-to-earnings-growth ratio of 2.30 and a beta of 0.55. The business’s 50-day simple moving average is $125.22 and its 200 day simple moving average is $123.24.

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 given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is presently 85.71%.

Philip Morris International Company 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.