Sargent Investment Group LLC Boosts Stock Position in Philip Morris International Inc. (NYSE:PM)

Sargent Investment Group LLC lifted its position in Philip Morris International Inc. (NYSE:PM) by 2.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,972 shares of the company’s stock after purchasing an additional 86 shares during the quarter. Sargent Investment Group LLC’s holdings in Philip Morris International were worth $467,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Intergy Private Wealth LLC raised its stake in shares of Philip Morris International by 4.3% in the fourth quarter. Intergy Private Wealth LLC now owns 1,959 shares of the company’s stock worth $236,000 after purchasing an additional 80 shares during the last quarter. 49 Wealth Management LLC raised its position in Philip Morris International by 3.6% during the third quarter. 49 Wealth Management LLC now owns 2,432 shares of the company’s stock valued at $295,000 after acquiring an additional 84 shares in the last quarter. Woodmont Investment Counsel LLC raised its position in Philip Morris International by 1.6% during the third quarter. Woodmont Investment Counsel LLC now owns 5,452 shares of the company’s stock valued at $662,000 after acquiring an additional 86 shares in the last quarter. YHB Investment Advisors Inc. raised its position in Philip Morris International by 4.2% during the third quarter. YHB Investment Advisors Inc. now owns 2,158 shares of the company’s stock valued at $262,000 after acquiring an additional 87 shares in the last quarter. Finally, Cypress Wealth Services LLC grew its holdings in Philip Morris International by 1.3% in the third quarter. Cypress Wealth Services LLC now owns 6,748 shares of the company’s stock valued at $819,000 after purchasing an additional 89 shares during the period. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on PM. Barclays dropped their price objective on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. UBS Group raised their price objective on Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a report on Wednesday, October 23rd. Stifel Nicolaus reissued a “buy” rating and issued a $145.00 price objective (up from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. JPMorgan Chase & Co. raised their price objective on Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, Morgan Stanley began coverage on Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $131.35.

Philip Morris International Stock Performance

Shares of Philip Morris International stock opened at $130.91 on Thursday. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $134.15. The company has a market cap of $203.54 billion, a price-to-earnings ratio of 20.78, a PEG ratio of 2.30 and a beta of 0.55. The business’s 50 day moving average price is $125.18 and its 200 day moving average price is $123.41.

Philip Morris International Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a yield of 4.13%. Philip Morris International’s payout ratio is 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.