Traynor Capital Management Inc. grew its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 8.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,741 shares of the company’s stock after purchasing an additional 649 shares during the quarter. Traynor Capital Management Inc.’s holdings in Philip Morris International were worth $743,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of PM. Point72 Asset Management L.P. boosted its position in shares of Philip Morris International by 902.7% during the second quarter. Point72 Asset Management L.P. now owns 22,110 shares of the company’s stock worth $1,736,000 after purchasing an additional 19,905 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Philip Morris International by 244.8% during the second quarter. Victory Capital Management Inc. now owns 597,394 shares of the company’s stock worth $46,913,000 after purchasing an additional 424,134 shares in the last quarter. Centaurus Financial Inc. boosted its position in shares of Philip Morris International by 1,020.3% during the second quarter. Centaurus Financial Inc. now owns 3,585 shares of the company’s stock worth $282,000 after purchasing an additional 3,265 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Philip Morris International by 6.1% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 119,641 shares of the company’s stock worth $9,395,000 after purchasing an additional 6,857 shares in the last quarter. Finally, Smith Moore & CO. boosted its position in shares of Philip Morris International by 1.8% during the second quarter. Smith Moore & CO. now owns 7,675 shares of the company’s stock worth $603,000 after purchasing an additional 133 shares in the last quarter. Hedge funds and other institutional investors own 73.05% of the company’s stock.

PM has been the topic of a number of recent analyst reports. ValuEngine raised shares of Philip Morris International from a “strong sell” rating to a “sell” rating in a research report on Saturday, January 18th. Citigroup cut shares of Philip Morris International from a “buy” rating to a “neutral” rating and set a $90.00 price target on the stock. in a research report on Monday, December 2nd. Bank of America raised shares of Philip Morris International from a “neutral” rating to a “buy” rating and set a $96.00 price target on the stock in a research report on Tuesday, October 1st. Stifel Nicolaus reissued a “buy” rating on shares of Philip Morris International in a research report on Tuesday, October 15th. Finally, Piper Jaffray Companies reissued an “overweight” rating on shares of Philip Morris International in a research report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $95.17.

Shares of NYSE:PM traded down $0.94 during midday trading on Friday, reaching $86.14. 401,951 shares of the company were exchanged, compared to its average volume of 4,067,431. Philip Morris International Inc. has a fifty-two week low of $69.27 and a fifty-two week high of $92.74. The stock has a fifty day simple moving average of $86.09 and a two-hundred day simple moving average of $81.70. The firm has a market cap of $138.44 billion, a PE ratio of 17.91, a P/E/G ratio of 2.09 and a beta of 1.00.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, December 19th were issued a dividend of $1.17 per share. The ex-dividend date was Wednesday, December 18th. This represents a $4.68 dividend on an annualized basis and a dividend yield of 5.43%. Philip Morris International’s payout ratio is 91.76%.

Philip Morris International Company 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.

Featured Story: What does a market perform rating mean?

Want to see what other hedge funds are holding PM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Philip Morris International Inc. (NYSE:PM).

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

Receive News & Ratings for Philip Morris International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International and related companies with MarketBeat.com's FREE daily email newsletter.