Principle Wealth Partners LLC Decreases Stake in Philip Morris International Inc. (NYSE:PM)

Principle Wealth Partners LLC lessened its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 1.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 35,183 shares of the company’s stock after selling 372 shares during the quarter. Principle Wealth Partners LLC’s holdings in Philip Morris International were worth $4,234,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Annex Advisory Services LLC boosted its position in Philip Morris International by 1.6% during the 3rd quarter. Annex Advisory Services LLC now owns 13,380 shares of the company’s stock worth $1,624,000 after purchasing an additional 212 shares during the period. Koshinski Asset Management Inc. lifted its stake in shares of Philip Morris International by 3.9% during the third quarter. Koshinski Asset Management Inc. now owns 12,348 shares of the company’s stock worth $1,499,000 after purchasing an additional 462 shares in the last quarter. Sound Income Strategies LLC boosted its position in shares of Philip Morris International by 84.8% in the third quarter. Sound Income Strategies LLC now owns 3,274 shares of the company’s stock worth $397,000 after buying an additional 1,502 shares during the period. Thomasville National Bank grew its stake in shares of Philip Morris International by 1.6% in the third quarter. Thomasville National Bank now owns 42,466 shares of the company’s stock valued at $5,155,000 after buying an additional 679 shares in the last quarter. Finally, ORG Wealth Partners LLC purchased a new stake in shares of Philip Morris International during the 3rd quarter valued at about $313,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Up 1.5 %

Shares of NYSE PM opened at $146.58 on Tuesday. The company has a market capitalization of $227.91 billion, a price-to-earnings ratio of 32.50, a price-to-earnings-growth ratio of 2.55 and a beta of 0.55. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $146.78. The business has a 50 day simple moving average of $125.66 and a 200-day simple moving average of $124.06.

Philip Morris International (NYSE:PM) last released its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share 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%. As a group, equities analysts predict that Philip Morris International Inc. will post 7.11 earnings per share for the current year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were paid a $1.35 dividend. The ex-dividend date was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a yield of 3.68%. Philip Morris International’s payout ratio is currently 119.73%.

Analyst Ratings Changes

A number of research firms have weighed in on PM. UBS Group upped their price target on Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a report on Friday. JPMorgan Chase & Co. upped their target price 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. Morgan Stanley initiated coverage on shares of Philip Morris International in a research note on Thursday, January 16th. They set an “overweight” rating and a $140.00 price target on the stock. Barclays decreased their price objective on shares of 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. Finally, StockNews.com lowered 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’s stock. Based on data from MarketBeat, Philip Morris International has an average rating of “Moderate Buy” and a consensus price target of $134.35.

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.