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.
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
