According to a report by media outlet Modern Readers on November 28th, the investment advisory firm Fort Washington Investment Advisors Inc. OH, based in Ohio, increased its holdings of Swiss company Philip Morris International (PMI) in the third quarter. The firm purchased 8,020 shares, bringing its total stake to 1,895,014 shares.
According to documents filed with the US Securities and Exchange Commission, the Washington-based investment advisory firm currently holds 0.12% of the total outstanding shares of Philip Morris International, valued at approximately $175.44 million. Furthermore, Financial Gravity Asset Management Inc. purchased shares of Philip Morris International worth about $753,000 in the second quarter. Other companies such as PCA Investment Advisory Services, Spotlight Asset Group, DHJJ Financial Advisors Ltd., and Legacy Financial Group LLC acquired new shares of Philip Morris International in the second and third quarters, with a total investment of $136,000. Currently, institutional investors and hedge funds collectively own approximately 79.70% of the company's shares.
The stock price of Philip Morris International dropped by $0.36 to $90.85 during last Friday's trading. The stock has fluctuated between $87.23 and $105.62 over the past year. The company has a market capitalization of $141.044 billion, a price-to-earnings ratio of 17.64, a PEG ratio of 2.44, and a Beta of 0.67. Recently, the company announced a quarterly dividend, with shareholders of record receiving $1.30 per share on Wednesday, January 10th. This dividend represents an annual payout of $5.20 per share and a dividend yield of 5.72%. The dividend payout ratio (DPR) for Philip Morris International is 100.97%.
Philip Morris International is dedicated to promoting a smoke-free future and is engaged in long-term business ventures beyond the tobacco and nicotine industry.
Notice
1. This article is provided exclusively for professional research purposes related to industry, technology and policy. Any reference to brands or products is made solely for the purpose of objective description and does not constitute an endorsement, recommendation, or promotion of any brand or product.
2. The use of nicotine products, including but not limited to cigarettes, e-cigarettes, and heated tobacco products, is associated with significant health risks. Users are required to comply with all relevant laws and regulations in their respective jurisdictions.
3. This article is strictly restricted from being accessed or viewed by individuals under the legal age.
Copyright
This article is either an original work by 2Firsts or a reproduction from third-party sources with the original source clearly indicated. The copyright and usage rights of this article belong to 2Firsts or the original source. Unauthorized reproduction, distribution, or any other unauthorized use of this article by any entity or individual is strictly prohibited. Violators will be held legally responsible. For copyright-related matters, please contact: info@2firsts.com
AI Assistance Disclaimer
This article may have utilized AI to enhance translation and editing efficiency. However, due to technical limitations, errors may occur. Readers are advised to refer to the sources provided for more accurate information.
This article should not be used as a basis for any investment decisions or advice, and 2Firsts assumes no direct or indirect liability for any errors in the content.
