Nelson Van Denburg & Campbell Wealth Management Group LLC grew its holdings in Philip Morris International Inc. (NYSE:PM) by 31.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,800 shares of the company’s stock after buying an additional 2,120 shares during the quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in Philip Morris International were worth $587,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp lifted its holdings in shares of Philip Morris International by 266,796.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 16,985,289 shares of the company’s stock valued at $1,384,981,000 after buying an additional 16,978,925 shares during the period. CI Investments Inc. increased its position in Philip Morris International by 27.5% during the third quarter. CI Investments Inc. now owns 299,454 shares of the company’s stock worth $24,417,000 after buying an additional 64,508 shares in the last quarter. Virtu Financial LLC increased its position in Philip Morris International by 66.2% during the third quarter. Virtu Financial LLC now owns 8,511 shares of the company’s stock worth $694,000 after buying an additional 3,389 shares in the last quarter. Banco Santander S.A. boosted its holdings in shares of Philip Morris International by 179.9% during the third quarter. Banco Santander S.A. now owns 18,501 shares of the company’s stock worth $1,508,000 after purchasing an additional 11,890 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in shares of Philip Morris International by 1.9% during the third quarter. Baird Financial Group Inc. now owns 179,516 shares of the company’s stock worth $14,689,000 after purchasing an additional 3,325 shares during the last quarter. 73.53% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE PM traded down $0.99 during midday trading on Friday, reaching $84.49. 7,765,417 shares of the stock were exchanged, compared to its average volume of 5,232,575. Philip Morris International Inc. has a 12 month low of $64.67 and a 12 month high of $94.26. The stock has a market cap of $131.45 billion, a price-to-earnings ratio of 16.57, a P/E/G ratio of 2.23 and a beta of 0.95.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Tuesday, March 26th were issued a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date was Monday, March 25th. Philip Morris International’s dividend payout ratio is currently 89.41%.
A number of research analysts recently weighed in on PM shares. ValuEngine upgraded Philip Morris International from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Bank of America reaffirmed a “sell” rating and set a $74.00 target price on shares of Philip Morris International in a research report on Tuesday, March 26th. Piper Jaffray Companies set a $100.00 target price on Philip Morris International and gave the company a “buy” rating in a report on Friday, February 8th. Morgan Stanley boosted their price objective on Philip Morris International from $88.00 to $94.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Finally, UBS Group upgraded Philip Morris International from a “neutral” rating to a “buy” rating and upped their target price for the stock from $86.00 to $101.00 in a research report on Wednesday, February 27th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. Philip Morris International presently has a consensus rating of “Hold” and a consensus price target of $92.43.
In other Philip Morris International news, CEO Andre Calantzopoulos sold 50,000 shares of the business’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $84.76, for a total value of $4,238,000.00. Following the completion of the sale, the chief executive officer now owns 844,901 shares of the company’s stock, valued at approximately $71,613,808.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.21% of the company’s stock.
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Philip Morris International Profile
Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.
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