Hantz Financial Services Inc. Lowers Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Hantz Financial Services Inc. reduced its position in Philip Morris International Inc. (NYSE:PM) by 4.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 66,809 shares of the company’s stock after selling 3,242 shares during the quarter. Hantz Financial Services Inc.’s holdings in Philip Morris International were worth $8,040,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. American Century Companies Inc. increased its holdings in Philip Morris International by 24.5% during the 2nd quarter. American Century Companies Inc. now owns 8,701 shares of the company’s stock worth $882,000 after purchasing an additional 1,715 shares during the period. Sunbelt Securities Inc. grew its position in shares of Philip Morris International by 24.8% during the second quarter. Sunbelt Securities Inc. now owns 5,077 shares of the company’s stock worth $514,000 after buying an additional 1,009 shares in the last quarter. EP Wealth Advisors LLC increased its stake in shares of Philip Morris International by 4.2% during the second quarter. EP Wealth Advisors LLC now owns 23,692 shares of the company’s stock worth $2,401,000 after buying an additional 946 shares during the period. Advisory Alpha LLC increased its stake in shares of Philip Morris International by 9.9% during the second quarter. Advisory Alpha LLC now owns 4,030 shares of the company’s stock worth $408,000 after buying an additional 363 shares during the period. Finally, Granite Bay Wealth Management LLC acquired a new stake in Philip Morris International in the second quarter valued at approximately $203,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on PM shares. JPMorgan Chase & Co. increased their price objective on shares of Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Citigroup increased their target price on Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Barclays decreased their price target on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. UBS Group increased their price objective on Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a report on Wednesday, October 23rd. Finally, Stifel Nicolaus reissued a “buy” rating and set a $145.00 target price (up previously from $138.00) on shares of Philip Morris International in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Philip Morris International presently has an average rating of “Moderate Buy” and an average price target of $131.35.

Philip Morris International Stock Up 0.5 %

NYSE:PM opened at $129.62 on Thursday. Philip Morris International Inc. has a 52-week low of $87.82 and a 52-week high of $134.15. The stock’s 50 day moving average price is $125.26 and its 200 day moving average price is $122.59. The company has a market capitalization of $201.53 billion, a PE ratio of 20.57, a P/E/G ratio of 2.01 and a beta of 0.54.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were given a dividend of $1.35 per share. The ex-dividend date was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.17%. Philip Morris International’s dividend payout ratio (DPR) is presently 85.71%.

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.