Geneos Wealth Management Inc. Increases Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Geneos Wealth Management Inc. increased its position in shares of Philip Morris International Inc. (NYSE:PM) by 8.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,589 shares of the company’s stock after acquiring an additional 1,675 shares during the period. Geneos Wealth Management Inc.’s holdings in Philip Morris International were worth $2,598,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. Fifth Third Bancorp increased its stake in Philip Morris International by 3.5% in the 4th quarter. Fifth Third Bancorp now owns 506,941 shares of the company’s stock worth $61,010,000 after acquiring an additional 17,143 shares during the last quarter. DGS Capital Management LLC lifted its position in Philip Morris International by 20.4% during the fourth quarter. DGS Capital Management LLC now owns 2,245 shares of the company’s stock valued at $270,000 after purchasing an additional 380 shares during the last quarter. Cottonwood Capital Advisors LLC grew its stake in Philip Morris International by 12.3% in the 4th quarter. Cottonwood Capital Advisors LLC now owns 3,100 shares of the company’s stock worth $373,000 after buying an additional 339 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Philip Morris International by 90.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 160,434 shares of the company’s stock worth $19,308,000 after buying an additional 76,358 shares during the last quarter. Finally, CX Institutional raised its position in shares of Philip Morris International by 12.7% during the 4th quarter. CX Institutional now owns 8,520 shares of the company’s stock valued at $1,025,000 after buying an additional 958 shares in the last quarter. 78.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on PM. Morgan Stanley started coverage on Philip Morris International in a research report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Philip Morris International from $118.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Citigroup boosted their price objective on shares of Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Barclays decreased their target price on shares of 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. Finally, JPMorgan Chase & Co. upped their price target on shares of Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $131.35.

Philip Morris International Trading Up 1.5 %

Shares of PM opened at $127.28 on Friday. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $134.15. The firm’s 50-day moving average price is $125.30 and its 200-day moving average price is $121.97. The firm has a market capitalization of $197.89 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 2.01 and a beta of 0.54.

Philip Morris International Announces Dividend

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 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 dividend yield of 4.24%. Philip Morris International’s dividend payout ratio (DPR) 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.