Pflug Koory LLC Sells 103 Shares of Philip Morris International Inc. (NYSE:PM)

Pflug Koory LLC lessened its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 15.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 585 shares of the company’s stock after selling 103 shares during the quarter. Pflug Koory LLC’s holdings in Philip Morris International were worth $70,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PM. American Century Companies Inc. boosted its stake in Philip Morris International by 24.5% in the 2nd quarter. American Century Companies Inc. now owns 8,701 shares of the company’s stock worth $882,000 after purchasing an additional 1,715 shares during the period. Fred Alger Management LLC grew its holdings in shares of Philip Morris International by 10.6% during the second quarter. Fred Alger Management LLC now owns 30,898 shares of the company’s stock worth $3,131,000 after buying an additional 2,955 shares in the last quarter. AQR Capital Management LLC raised its position in Philip Morris International by 29.4% in the 2nd quarter. AQR Capital Management LLC now owns 322,043 shares of the company’s stock valued at $32,571,000 after buying an additional 73,234 shares during the last quarter. Daymark Wealth Partners LLC lifted its stake in Philip Morris International by 44.5% in the 2nd quarter. Daymark Wealth Partners LLC now owns 25,395 shares of the company’s stock valued at $2,573,000 after acquiring an additional 7,826 shares in the last quarter. Finally, MBB Public Markets I LLC boosted its position in Philip Morris International by 1,800.9% during the 2nd quarter. MBB Public Markets I LLC now owns 110,444 shares of the company’s stock worth $11,191,000 after acquiring an additional 104,634 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Price Performance

Shares of Philip Morris International stock opened at $127.28 on Friday. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $134.15. The company has a market capitalization of $197.89 billion, a price-to-earnings ratio of 20.20, a P/E/G ratio of 2.01 and a beta of 0.54. The business has a fifty day simple moving average of $125.32 and a two-hundred day simple moving average of $121.80.

Philip Morris International (NYSE:PM) last issued its earnings results on Tuesday, October 22nd. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.82 by $0.09. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. The company had revenue of $9.91 billion during the quarter, compared to analysts’ expectations of $9.68 billion. During the same period in the previous year, the company earned $1.67 EPS. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, equities 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 disclosed 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 was Thursday, December 26th. This represents a $5.40 annualized dividend and a dividend yield of 4.24%. Philip Morris International’s dividend payout ratio is currently 85.71%.

Wall Street Analyst Weigh In

PM has been the topic of a number of recent research reports. Barclays lowered their price objective on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Stifel Nicolaus reissued a “buy” rating and set a $145.00 price target (up from $138.00) on shares of Philip Morris International in a research report on Wednesday, October 23rd. Citigroup raised their price objective on Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Morgan Stanley initiated coverage on Philip Morris International in a report on Thursday, January 16th. They set an “overweight” rating and a $140.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Philip Morris International from $118.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Philip Morris International presently has a consensus rating of “Moderate Buy” and an average target price of $131.35.

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.