Mount Yale Investment Advisors LLC Purchases 656 Shares of Philip Morris International Inc. (NYSE:PM)

Mount Yale Investment Advisors LLC grew its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 3.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,533 shares of the company’s stock after buying an additional 656 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Philip Morris International were worth $2,230,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Valley Wealth Managers Inc. boosted its holdings in shares of Philip Morris International by 457.5% in the third quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock valued at $27,000 after purchasing an additional 183 shares during the period. Dunhill Financial LLC raised its position in Philip Morris International by 203.8% during the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock valued at $29,000 after purchasing an additional 161 shares in the last quarter. Concord Wealth Partners raised its position in Philip Morris International by 2,709.1% during the 3rd quarter. Concord Wealth Partners now owns 309 shares of the company’s stock valued at $38,000 after purchasing an additional 298 shares in the last quarter. Darwin Wealth Management LLC purchased a new stake in shares of Philip Morris International in the 3rd quarter worth $54,000. Finally, Retirement Wealth Solutions LLC bought a new position in shares of Philip Morris International during the 4th quarter worth $54,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Stock Performance

NYSE PM opened at $127.28 on Monday. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $134.15. The firm has a market capitalization of $197.89 billion, a P/E ratio of 20.20, a price-to-earnings-growth ratio of 2.01 and a beta of 0.54. The stock’s fifty day moving average is $125.30 and its two-hundred day moving average is $122.25.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were given a $1.35 dividend. The ex-dividend date was Thursday, December 26th. This represents a $5.40 annualized dividend and a yield of 4.24%. Philip Morris International’s payout ratio is 85.71%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on PM shares. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Philip Morris International from $118.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. JPMorgan Chase & Co. upped their price objective on Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. UBS Group lifted their target price on Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a research note on Wednesday, October 23rd. Barclays decreased their price target on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Finally, Morgan Stanley began coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They set an “overweight” rating and a $140.00 target price for the company. 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.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $131.35.

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.