Phraction Management LLC Has $8.80 Million Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Phraction Management LLC lessened its holdings in Philip Morris International Inc. (NYSE:PM) by 9.5% during the fourth quarter, HoldingsChannel reports. The firm owned 73,143 shares of the company’s stock after selling 7,715 shares during the quarter. Philip Morris International accounts for 3.1% of Phraction Management LLC’s holdings, making the stock its 13th largest position. Phraction Management LLC’s holdings in Philip Morris International were worth $8,803,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. White Lighthouse Investment Management Inc. lifted its stake in shares of Philip Morris International by 71.4% in the 3rd quarter. White Lighthouse Investment Management Inc. now owns 11,999 shares of the company’s stock valued at $1,457,000 after acquiring an additional 4,999 shares during the last quarter. Range Financial Group LLC raised its position in Philip Morris International by 504.9% during the 4th quarter. Range Financial Group LLC now owns 22,915 shares of the company’s stock worth $2,758,000 after purchasing an additional 19,127 shares during the last quarter. Accredited Investors Inc. raised its position in Philip Morris International by 3,553.3% during the 3rd quarter. Accredited Investors Inc. now owns 206,959 shares of the company’s stock worth $25,125,000 after purchasing an additional 201,294 shares during the last quarter. Park Avenue Securities LLC raised its position in Philip Morris International by 18.9% during the 4th quarter. Park Avenue Securities LLC now owns 100,826 shares of the company’s stock worth $12,134,000 after purchasing an additional 16,035 shares during the last quarter. Finally, CWA Asset Management Group LLC raised its position in Philip Morris International by 37.5% during the 4th quarter. CWA Asset Management Group LLC now owns 24,200 shares of the company’s stock worth $2,912,000 after purchasing an additional 6,605 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Price Performance

Shares of PM opened at $149.94 on Thursday. The stock has a 50-day moving average of $126.34 and a 200-day moving average of $124.54. The company has a market cap of $233.13 billion, a PE ratio of 33.25, a P/E/G ratio of 2.55 and a beta of 0.55. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $150.24.

Philip Morris International (NYSE:PM) last issued 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 negative return on equity of 120.08% and a net margin of 9.24%. Analysts expect that Philip Morris International Inc. will post 7.11 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were issued a $1.35 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.60%. Philip Morris International’s dividend payout ratio (DPR) is presently 119.73%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PM. JPMorgan Chase & Co. raised their target price on Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. UBS Group raised their target price on Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a research report on Friday, February 7th. StockNews.com lowered Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday. Stifel Nicolaus lifted their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, Barclays lowered their price objective on 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Philip Morris International currently has a consensus rating of “Moderate Buy” and an average target price of $134.35.

About Philip Morris International

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.