Philip Morris International Inc. (NYSE:PM) Stock Holdings Cut by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC lessened its position in Philip Morris International Inc. (NYSE:PM) by 3.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,784 shares of the company’s stock after selling 197 shares during the period. Flagship Harbor Advisors LLC’s holdings in Philip Morris International were worth $696,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Valley Wealth Managers Inc. lifted its holdings in Philip Morris International by 457.5% in the 3rd quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock valued at $27,000 after acquiring an additional 183 shares during the last quarter. Dunhill Financial LLC lifted its stake in Philip Morris International by 203.8% during the third quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock valued at $29,000 after purchasing an additional 161 shares during the last quarter. Concord Wealth Partners boosted its holdings in Philip Morris International by 2,709.1% during the third quarter. Concord Wealth Partners now owns 309 shares of the company’s stock worth $38,000 after buying an additional 298 shares in the last quarter. Darwin Wealth Management LLC bought a new stake in Philip Morris International during the third quarter worth approximately $54,000. Finally, Retirement Wealth Solutions LLC acquired a new position in Philip Morris International in the fourth quarter worth approximately $54,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on PM. Morgan Stanley started coverage on Philip Morris International in a research note on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective for the company. Barclays dropped their price target on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Philip Morris International from $118.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Citigroup boosted their price target on shares of Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Philip Morris International has a consensus rating of “Moderate Buy” and a consensus price target of $131.35.

Philip Morris International Trading Up 2.3 %

NYSE PM opened at $130.22 on Tuesday. The company has a market capitalization of $202.46 billion, a PE ratio of 20.67, a price-to-earnings-growth ratio of 2.01 and a beta of 0.54. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $134.15. The firm’s fifty day simple moving average is $125.30 and its 200-day simple moving average is $122.25.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is presently 85.71%.

Philip Morris International Company Profile

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.