Philip Morris International Inc. (NYSE:PM) Shares Sold by Coastwise Capital Group LLC

Coastwise Capital Group LLC trimmed its position in Philip Morris International Inc. (NYSE:PM) by 52.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,976 shares of the company’s stock after selling 2,153 shares during the quarter. Coastwise Capital Group LLC’s holdings in Philip Morris International were worth $238,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in PM. State Street Corp boosted its position in shares of Philip Morris International by 0.4% in the third quarter. State Street Corp now owns 54,711,621 shares of the company’s stock worth $6,715,237,000 after buying an additional 224,840 shares during the period. Geode Capital Management LLC grew its stake in Philip Morris International by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 32,101,324 shares of the company’s stock valued at $3,886,818,000 after acquiring an additional 621,034 shares in the last quarter. FMR LLC increased its holdings in shares of Philip Morris International by 40.9% in the 3rd quarter. FMR LLC now owns 23,168,446 shares of the company’s stock valued at $2,812,649,000 after purchasing an additional 6,721,094 shares during the period. Franklin Resources Inc. lifted its position in shares of Philip Morris International by 3.0% in the third quarter. Franklin Resources Inc. now owns 13,000,570 shares of the company’s stock worth $1,560,752,000 after purchasing an additional 376,406 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Philip Morris International by 57.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 9,241,612 shares of the company’s stock worth $1,121,932,000 after purchasing an additional 3,363,454 shares during the period. 78.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PM. JPMorgan Chase & Co. upped 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 note on Wednesday, October 23rd. UBS Group increased their price objective on Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a report on Wednesday, October 23rd. Stifel Nicolaus reissued a “buy” rating and set a $145.00 price objective (up previously from $138.00) on shares of Philip Morris International in a research report on Wednesday, October 23rd. Citigroup upped their target price on Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Finally, Barclays reduced 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $131.35.

Philip Morris International Stock Performance

PM opened at $130.32 on Friday. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $134.15. The business has a 50 day moving average price of $125.22 and a 200 day moving average price of $122.69. The firm has a market cap of $202.63 billion, a P/E ratio of 20.69, a price-to-earnings-growth ratio of 2.29 and a beta of 0.54.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 4.14%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s dividend payout ratio is currently 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.