Capital Analysts LLC trimmed its position in Philip Morris International Inc. (NYSE:PM – Free Report) by 14.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,172 shares of the company’s stock after selling 1,560 shares during the quarter. Capital Analysts LLC’s holdings in Philip Morris International were worth $1,456,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also added to or reduced their stakes in PM. Brighton Jones LLC raised its position in Philip Morris International by 31.1% in the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock worth $1,027,000 after buying an additional 2,023 shares during the last quarter. Revolve Wealth Partners LLC raised its position in Philip Morris International by 4.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock worth $252,000 after buying an additional 91 shares during the last quarter. Transce3nd LLC purchased a new position in Philip Morris International in the 4th quarter worth about $41,000. TD Waterhouse Canada Inc. raised its position in Philip Morris International by 18.4% in the 4th quarter. TD Waterhouse Canada Inc. now owns 23,462 shares of the company’s stock worth $2,823,000 after buying an additional 3,652 shares during the last quarter. Finally, Pinebridge Investments L.P. raised its position in Philip Morris International by 122.8% in the 4th quarter. Pinebridge Investments L.P. now owns 51,438 shares of the company’s stock worth $6,191,000 after buying an additional 28,353 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.
Philip Morris International Trading Up 2.3%
Shares of NYSE:PM opened at $172.7110 on Thursday. The stock has a 50 day moving average of $174.13 and a 200 day moving average of $165.36. The company has a market cap of $268.84 billion, a PE ratio of 32.83, a price-to-earnings-growth ratio of 2.45 and a beta of 0.48. Philip Morris International Inc. has a 12-month low of $116.12 and a 12-month high of $186.69.
Philip Morris International Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.1%. The ex-dividend date was Friday, June 27th. Philip Morris International’s dividend payout ratio is presently 102.66%.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on PM. Barclays decreased their target price on Philip Morris International from $225.00 to $220.00 and set an “overweight” rating for the company in a research report on Wednesday, July 30th. Morgan Stanley reaffirmed an “overweight” rating and set a $182.00 price target (up previously from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. JPMorgan Chase & Co. upped their price target on shares of Philip Morris International from $175.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. Citigroup reaffirmed an “overweight” rating on shares of Philip Morris International in a research report on Tuesday, July 22nd. Finally, Jefferies Financial Group started coverage on shares of Philip Morris International in a research report on Wednesday, July 9th. They set a “buy” rating and a $220.00 price target for the company. Twelve research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $186.27.
Get Our Latest Stock Analysis on PM
About Philip Morris International
Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.
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