Capital Investment Advisory Services LLC Decreases Stock Position in Philip Morris International Inc. (NYSE:PM)

Capital Investment Advisory Services LLC cut its stake in shares of Philip Morris International Inc. (NYSE:PM) by 5.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,580 shares of the company’s stock after selling 1,099 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in Philip Morris International were worth $2,356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Lewis Asset Management LLC bought a new position in shares of Philip Morris International in the fourth quarter worth approximately $284,000. Busey Bank grew its holdings in Philip Morris International by 2.2% in the 4th quarter. Busey Bank now owns 194,038 shares of the company’s stock worth $23,353,000 after acquiring an additional 4,229 shares during the last quarter. Abel Hall LLC purchased a new position in shares of Philip Morris International in the fourth quarter valued at about $207,000. Synergy Asset Management LLC purchased a new position in shares of Philip Morris International in the fourth quarter valued at about $157,000. Finally, Enzi Wealth raised its stake in shares of Philip Morris International by 7.4% during the fourth quarter. Enzi Wealth now owns 1,834 shares of the company’s stock valued at $225,000 after acquiring an additional 127 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Price Performance

NYSE PM opened at $129.62 on Thursday. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $134.15. The business has a 50 day simple moving average of $125.26 and a two-hundred day simple moving average of $122.59. The stock 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were given a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 4.17%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s dividend payout ratio is presently 85.71%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on PM shares. Stifel Nicolaus restated a “buy” rating and set a $145.00 target price (up previously from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. Barclays decreased their price objective on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Morgan Stanley assumed coverage on shares of Philip Morris International in a research note on Thursday, January 16th. They set an “overweight” rating and a $140.00 target price on the stock. UBS Group boosted their price target on shares of Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a research report on Wednesday, October 23rd. Finally, Citigroup lifted their price objective on Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Philip Morris International presently has an average rating of “Moderate Buy” and a consensus target price of $131.35.

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.