Beacon Financial Group Decreases Stake in Philip Morris International Inc. (NYSE:PM)

Beacon Financial Group lessened its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 1.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 14,932 shares of the company’s stock after selling 225 shares during the period. Beacon Financial Group’s holdings in Philip Morris International were worth $1,797,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of PM. Valley Wealth Managers Inc. boosted 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 worth $27,000 after buying an additional 183 shares during the period. Dunhill Financial LLC boosted its holdings in shares of Philip Morris International by 203.8% in the third quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock worth $29,000 after acquiring an additional 161 shares during the period. Concord Wealth Partners grew its position in shares of Philip Morris International by 2,709.1% in the third quarter. Concord Wealth Partners now owns 309 shares of the company’s stock valued at $38,000 after purchasing an additional 298 shares in the last quarter. Asset Dedication LLC raised its stake in shares of Philip Morris International by 55.5% during the 4th quarter. Asset Dedication LLC now owns 412 shares of the company’s stock valued at $50,000 after purchasing an additional 147 shares during the period. Finally, Darwin Wealth Management LLC purchased a new stake in Philip Morris International during the 3rd quarter worth about $54,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on PM shares. JPMorgan Chase & Co. lifted their target price on Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. UBS Group boosted their price objective on shares of Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a research note on Friday, February 7th. Barclays lowered their target price on shares of 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. Morgan Stanley started coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price target for the company. Finally, StockNews.com downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $134.35.

Philip Morris International Price Performance

Shares of PM opened at $148.17 on Wednesday. The firm has a market cap of $230.37 billion, a P/E ratio of 32.85, a P/E/G ratio of 2.55 and a beta of 0.55. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $148.53. The stock has a 50 day simple moving average of $125.98 and a two-hundred day simple moving average of $124.29.

Philip Morris International (NYSE:PM) last released its earnings results on Thursday, February 6th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.49 by $0.06. Philip Morris International had a net margin of 9.24% and a negative return on equity of 120.08%. On average, equities analysts anticipate that Philip Morris International Inc. will post 7.11 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were given a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 annualized dividend and a yield of 3.64%. Philip Morris International’s payout ratio is 119.73%.

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.