Phillips Wealth Planners LLC Has $564,000 Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Phillips Wealth Planners LLC decreased its holdings in Philip Morris International Inc. (NYSE:PM) by 8.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,818 shares of the company’s stock after selling 465 shares during the period. Phillips Wealth Planners LLC’s holdings in Philip Morris International were worth $564,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Evolution Wealth Advisors LLC acquired a new position in shares of Philip Morris International in the 4th quarter valued at $275,000. Marino Stram & Associates LLC increased its position in shares of Philip Morris International by 1.8% during the 4th quarter. Marino Stram & Associates LLC now owns 12,687 shares of the company’s stock worth $1,527,000 after purchasing an additional 222 shares in the last quarter. Magnus Financial Group LLC acquired a new stake in shares of Philip Morris International during the 4th quarter worth about $427,000. Phoenix Wealth Advisors acquired a new stake in shares of Philip Morris International during the 4th quarter worth about $229,000. Finally, Albion Financial Group UT acquired a new stake in shares of Philip Morris International during the 4th quarter worth about $117,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

PM has been the subject of a number of recent analyst reports. Barclays dropped their target price on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. The Goldman Sachs Group increased their target price on shares of Philip Morris International from $126.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Citigroup increased their target price on shares of Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Morgan Stanley initiated coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They set an “overweight” rating and a $140.00 target price for the company. Finally, UBS Group increased their price objective on shares of Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Philip Morris International currently has an average rating of “Moderate Buy” and an average target price of $131.35.

Philip Morris International Trading Down 0.7 %

Shares of NYSE PM opened at $122.91 on Thursday. The firm has a market capitalization of $191.11 billion, a PE ratio of 19.51, a price-to-earnings-growth ratio of 2.03 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 50-day moving average is $125.43 and its 200-day moving average is $121.76.

Philip Morris International (NYSE:PM) last issued its earnings results on Tuesday, October 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.09. The company had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.68 billion. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.67 EPS. As a group, equities research analysts anticipate that Philip Morris International Inc. will post 6.5 earnings per share for the current fiscal year.

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 paid a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 4.39%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is presently 85.71%.

Philip Morris International 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.