Auxier Asset Management Increases Stake in PMI

PMI by 2FIRSTS.ai
Dec.14.2023
Auxier Asset Management Increases Stake in PMI
Auxier Asset Management has increased its stake in Philip Morris International by 1.6% in the second quarter, according to its report filed with the SEC.

According to the latest report filed with the U.S. Securities and Exchange Commission, Auxier Asset Management increased its stake in Philip Morris International (PMI), also known as Philip Morris International Inc., by 1.6% in the second quarter of this year. As of the end of the second quarter, Auxier Asset Management held a total of 207,057 shares in the company, with an addition of 3,250 shares during the quarter.

 

Philip Morris International (PMI) holds a 3.4% stake in Altria Group's investment portfolio, making it the fourth largest shareholder. According to Altria's recent report to the US Securities and Exchange Commission, its investment in PMI is valued at $20,213,000.

 

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

 

Philip Morris International (PMI) recently announced its quarterly dividend. It will be paid on Wednesday, January 10th to shareholders of record on Thursday, December 21st, at a rate of $1.3 per share. The ex-dividend date is Wednesday, December 20th. This represents an annualized dividend of $5.2 and a dividend yield of 5.60%. PMI's payout ratio is 100.97%.

 

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

 

We welcome news tips, article submissions, interview requests, or comments on this piece.

Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn


Notice

1.  This article is intended solely for professional research purposes related to industry, technology, and policy. Any references to brands or products are made purely for objective description and do not constitute any form of endorsement, recommendation, or promotion by 2Firsts.

2.  The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.

3.  This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.

4.  Access to this article is strictly prohibited for individuals below the legal age in their jurisdiction.

 

Copyright

 

This article is either an original work created by 2Firsts or a reproduction from third-party sources with proper attribution. All copyrights and usage rights belong to 2Firsts or the original content provider. Unauthorized reproduction, distribution, or any other form of unauthorized use by any individual or organization is strictly prohibited. Violators will be held legally accountable.

For copyright-related inquiries, please contact: info@2firsts.com

 

AI Assistance Disclaimer

 

This article may have been enhanced using AI tools to improve translation and editorial efficiency. However, due to technical limitations, inaccuracies may occur. Readers are encouraged to refer to the cited sources for the most accurate information.

We welcome any corrections or feedback. Please contact us at: info@2firsts.com

Special Report | Russian Government Hesitates to Choke Revenue Stream with Vape Sales Ban
Special Report | Russian Government Hesitates to Choke Revenue Stream with Vape Sales Ban
Caught between banning and not banning, the Russian government finds itself in a dilemma. The vape market generates substantial tax revenue, yet raises public health concerns. Lawmakers are applying pressure—some even suggest “following China”—as a regulatory storm quietly gathers.
Aug.22
U.S. State of Texas Launches Free Online Anti-Vaping Program for Youth
U.S. State of Texas Launches Free Online Anti-Vaping Program for Youth
U.S. State of Texas has introduced a free, statewide online program (ETAP) for individuals under 21 referred for tobacco or e-cigarette possession, offering education on addiction and prevention as an alternative to disciplinary action.
Sep.10
BAT Executive: Company’s Smokeless Products Outperform Cigarettes in Japan and UK, Over 70% Share in Sweden
BAT Executive: Company’s Smokeless Products Outperform Cigarettes in Japan and UK, Over 70% Share in Sweden
James Murphy, Director of Research at British American Tobacco (BAT), said in a podcast that the company is accelerating its transition to smoke-free products, with sales in Japan and the UK already surpassing cigarettes, and a share of over 70% in Sweden.
Sep.01 by 2FIRSTS.ai
The U.S. FDA has issued two notices: seeking public comments on regulations regarding tobacco retailer training programs and sales restrictions
The U.S. FDA has issued two notices: seeking public comments on regulations regarding tobacco retailer training programs and sales restrictions
On August 22, the U.S. FDA issued two notices soliciting public comments on regulations regarding tobacco retailer training programs and restrictions on tobacco sales. Both notices provide a 60-day public comment period under the Paperwork Reduction Act, aiming to protect public health, especially that of children and adolescents, by regulating retailer behavior and restricting tobacco sales.
Aug.22 by 2FIRSTS.ai
New York State's largest e-cigarette enforcement operation: 12 companies investigated, more than 10 people arrested, and 38 criminal charges brought against them
New York State's largest e-cigarette enforcement operation: 12 companies investigated, more than 10 people arrested, and 38 criminal charges brought against them
New York State Governor declares the state's largest e-cigarette enforcement action, with over a dozen arrests, 38 charges, and 12 businesses targeted for illegal e-cigarette shipments. The joint operation by the health department and state police focuses on flavored and high-tech e-cigarettes sold online and through apps, which often target minors. Officials highlight that the action aims to protect youth health and warn of severe consequences for violators.
Sep.04 by 2FIRSTS.ai
Arkansas to Ban Non-FDA Approved Vapes Starting September 1
Arkansas to Ban Non-FDA Approved Vapes Starting September 1
Arkansas’ new law, Act 590, will restrict the sale of certain vape products across the state. The law requires retailers to sell only products that are approved or under review by the U.S. Food and Drug Administration (FDA), and bans packaging or designs that appeal to minors. Violations could result in product seizures, fines, or even license revocation.
Aug.27 by 2FIRSTS.ai