Tandem Capital Management Corp ADV Sells 220 Shares of Philip Morris International Inc. (NYSE:PM)

Tandem Capital Management Corp ADV decreased its position in Philip Morris International Inc. (NYSE:PMFree Report) by 1.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,756 shares of the company’s stock after selling 220 shares during the quarter. Tandem Capital Management Corp ADV’s holdings in Philip Morris International were worth $1,656,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Czech National Bank boosted its stake in shares of Philip Morris International by 6.9% during the third quarter. Czech National Bank now owns 316,729 shares of the company’s stock valued at $38,451,000 after purchasing an additional 20,494 shares during the period. GAMMA Investing LLC boosted its stake in shares of Philip Morris International by 36.5% during the third quarter. GAMMA Investing LLC now owns 20,209 shares of the company’s stock valued at $2,453,000 after purchasing an additional 5,407 shares during the period. Diversified Trust Co boosted its stake in shares of Philip Morris International by 5.2% during the third quarter. Diversified Trust Co now owns 58,474 shares of the company’s stock valued at $7,099,000 after purchasing an additional 2,885 shares during the period. Smith Anglin Financial LLC boosted its stake in shares of Philip Morris International by 19.3% during the third quarter. Smith Anglin Financial LLC now owns 2,432 shares of the company’s stock valued at $295,000 after purchasing an additional 394 shares during the period. Finally, Miracle Mile Advisors LLC boosted its stake in shares of Philip Morris International by 17.6% during the third quarter. Miracle Mile Advisors LLC now owns 2,428 shares of the company’s stock valued at $295,000 after purchasing an additional 363 shares during the period. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Up 0.1 %

PM opened at $130.34 on Tuesday. The business has a fifty day moving average of $125.23 and a 200 day moving average of $123.08. Philip Morris International Inc. has a 52-week low of $87.82 and a 52-week high of $134.15. The stock has a market cap of $202.65 billion, a P/E ratio of 20.69, a PEG ratio of 2.30 and a beta of 0.55.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were issued a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 4.14%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s dividend payout ratio is 85.71%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on PM shares. Morgan Stanley started coverage on Philip Morris International in a research note on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective for the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $145.00 price target (up previously from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. Citigroup raised 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. UBS Group increased their price objective on Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. increased their price objective on Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a 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 given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $131.35.

Check Out Our Latest Analysis on Philip Morris International

Philip Morris International Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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