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

Belarus opts for stricter regulation instead of full e-cigarette ban
Belarus opts for stricter regulation instead of full e-cigarette ban
Belarus rejects full e-cigarette ban, opts for stricter regulation. Officials plan to restrict wholesaling and strengthen import and production permits.
Mar.04 by 2FIRSTS.ai
India Tobacco Board urges Finance Minister Nirmala Sitharaman to revisit cigarette duty hike
India Tobacco Board urges Finance Minister Nirmala Sitharaman to revisit cigarette duty hike
The Tobacco Board, under the administrative control of India’s Department of Commerce, has written to Finance Minister Nirmala Sitharaman (Nirmala Sitharaman) flagging the adverse impact of an “unprecedented” increase in cigarette excise duties on the industry and on millions of farmers and workers, and urging a revision of duty rates.
Feb.11 by 2FIRSTS.ai
New York Says Seized Illegal Vape Shipment Had Retail Value of USD 2.2 Million to USD 3.5 Million
New York Says Seized Illegal Vape Shipment Had Retail Value of USD 2.2 Million to USD 3.5 Million
New York state health officials said a joint operation last week involving the State Department of Health, Nassau County police and local health officials intercepted about 14 tons of illegal vape products that were intended for local distributors and smoke shops.
Mar.20 by 2FIRSTS.ai
Bulgarian Police Seize More Than 56,500 Heated Tobacco Sticks in Sofia Operation
Bulgarian Police Seize More Than 56,500 Heated Tobacco Sticks in Sofia Operation
Bulgaria’s Interior Ministry said two men aged 48 and 50 were detained during a specialised police operation in Sofia’s Krasna Polyana district for distributing e-cigarettes and tobacco without excise stamps.
Mar.17 by 2FIRSTS.ai
Alan Zhao: What the Rise of Nicotine Pouches Means for Tobacco Retailers
Alan Zhao: What the Rise of Nicotine Pouches Means for Tobacco Retailers
Alan Zhao argues that nicotine pouches are no longer a niche alternative, but a force quietly reshaping the future of tobacco retail. For distributors and retailers, the real risk is not missing a trend—it is moving too late, after regulation tightens, shelf space hardens and the market begins to choose its winners.
Mar.31 by Alan Zhao | 2Firsts Perspectives
Philippine Tobacco Control Coalition Backs Raising Legal Age for Vape and Tobacco Products to 25
Philippine Tobacco Control Coalition Backs Raising Legal Age for Vape and Tobacco Products to 25
A coalition of health and child rights advocates in the Philippines said it supports Health Secretary Teodoro Herbosa’s call to raise the legal age restriction for vape and tobacco products from 18 to 25. The group said scientific evidence shows that the brain of a young person continues to develop until the mid-20s, and that nicotine exposure during that period can cause lasting impairment in impulse control, learning, and mood regulation.
Mar.11 by 2FIRSTS.ai