Leavell Investment Management Inc. Has $1.40 Million Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Leavell Investment Management Inc. increased its position in shares of Philip Morris International Inc. (NYSE:PM) by 8.5% in the fourth quarter, HoldingsChannel reports. The firm owned 11,505 shares of the company’s stock after purchasing an additional 899 shares during the period. Leavell Investment Management Inc.’s holdings in Philip Morris International were worth $1,400,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in PM. Valley Wealth Managers Inc. increased its holdings in shares of Philip Morris International by 457.5% during the third quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock worth $27,000 after buying an additional 183 shares in the last quarter. Dunhill Financial LLC boosted its holdings in shares of Philip Morris International by 203.8% in the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock worth $29,000 after acquiring an additional 161 shares in the last quarter. Concord Wealth Partners grew its position in Philip Morris International by 2,709.1% during the 3rd quarter. Concord Wealth Partners now owns 309 shares of the company’s stock worth $38,000 after acquiring an additional 298 shares during the last quarter. Asset Dedication LLC increased its holdings in 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 in the last quarter. Finally, Darwin Wealth Management LLC bought a new position in Philip Morris International in the 3rd quarter valued at $54,000. 78.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PM. Barclays lowered their target price on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. StockNews.com cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday. JPMorgan Chase & Co. boosted their target price on shares of Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Stifel Nicolaus increased their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, Morgan Stanley began coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $134.35.

Philip Morris International Stock Performance

PM opened at $149.94 on Thursday. The company has a fifty day moving average price of $126.34 and a two-hundred day moving average price of $124.54. The firm has a market capitalization 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 52 week low of $87.82 and a 52 week high of $150.24.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates 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%. Equities analysts forecast that Philip Morris International Inc. will post 7.11 EPS for the current year.

Philip Morris International Announces Dividend

The company 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. 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 is 119.73%.

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.