Ozell Firm Increases Philip Morris International Holdings by 1.6% in Q2, Investment Valued at $20.21

  Auxier Asset Management, Goldman Sachs Capital, and other institutional investors have increased their holdings in Philip Morris International Inc.

According to the latest report submitted to the U.S. Securities and Exchange Commission, Auxier Asset Management increased its stake in Philip Morris International Inc. by 1.6% in the second quarter of this year. By the end of the second quarter, Auxier Asset Management held a total of 207,057 shares of the company, with an increase of 3,250 shares during the quarter.

Philip Morris International's shares account for 3.4% of Auxier's investment portfolio, making it the fourth largest holding. According to Auxier's recent report to the U.S. Securities and Exchange Commission, its investment in Philip Morris International is valued at $20,213,000.

Philip Morris International's stock opened at $92.88 on Wednesday (December 13). The company's market capitalization is $14.419 billion, with a price-to-earnings ratio of 18.03, a price-to-earnings growth ratio of 2.19, and a beta value of 0.77. The lowest price for Philip Morris International in the past year was $87.23, and the highest was $105.62. The company's 50-day simple moving average price is $91.80, and the 200-day simple moving average is $94.17.

Philip Morris International recently announced its quarterly dividend, which will be paid on Wednesday, January 10, to investors recorded on Thursday, December 21, with a dividend of $1.3 per share. The ex-dividend date is Wednesday, December 20. This represents an annualized dividend of $5.2, with a dividend yield of 5.60%. PMI International's payout ratio is 100.97%.

In a recent review of PM shares, Stifel Nicolaus reiterated its "buy" rating for PMI International and set a target price of $114.00 in its research report. Morgan Stanley lowered its price target for PMI International stock from $118.00 to $113.00 and gave the stock an "overweight" rating.