Telos Capital Management Inc. Trims Stock Position in Philip Morris International Inc. (NYSE:PM)

Telos Capital Management Inc. lessened its stake in shares of Philip Morris International Inc. (NYSE:PM) by 4.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,773 shares of the company’s stock after selling 171 shares during the quarter. Telos Capital Management Inc.’s holdings in Philip Morris International were worth $454,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Klein Pavlis & Peasley Financial Inc. lifted its position in shares of Philip Morris International by 135.2% during the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 29,542 shares of the company’s stock worth $3,555,000 after buying an additional 16,982 shares during the last quarter. YANKCOM Partnership purchased a new stake in Philip Morris International in the 4th quarter valued at $1,146,000. Bleakley Financial Group LLC raised its position in Philip Morris International by 5.0% in the 4th quarter. Bleakley Financial Group LLC now owns 94,985 shares of the company’s stock valued at $11,431,000 after purchasing an additional 4,510 shares during the last quarter. Long Run Wealth Advisors LLC raised its position in Philip Morris International by 61.6% in the 4th quarter. Long Run Wealth Advisors LLC now owns 5,138 shares of the company’s stock valued at $618,000 after purchasing an additional 1,958 shares during the last quarter. Finally, Centennial Wealth Advisory LLC raised its position in Philip Morris International by 3.8% in the 4th quarter. Centennial Wealth Advisory LLC now owns 4,435 shares of the company’s stock valued at $534,000 after purchasing an additional 164 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Up 11.0 %

NYSE:PM opened at $145.41 on Friday. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $146.78. The stock has a market cap of $226.08 billion, a PE ratio of 23.08, a price-to-earnings-growth ratio of 2.30 and a beta of 0.55. The firm’s fifty day simple moving average is $125.17 and its 200-day simple moving average is $123.46.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. Equities analysts anticipate that Philip Morris International Inc. will post 6.5 earnings per share for the current year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were paid a dividend of $1.35 per share. 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 3.71%. Philip Morris International’s dividend payout ratio (DPR) is presently 85.71%.

Analyst Ratings Changes

PM has been the subject of several research reports. Stifel Nicolaus reiterated a “buy” rating and issued a $145.00 price target (up previously from $138.00) on shares of Philip Morris International in a research report on Wednesday, October 23rd. Barclays reduced their price target 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. JPMorgan Chase & Co. upped their price target on shares of Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. UBS Group upped their price target on shares of Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a research report on Wednesday, October 23rd. Finally, Morgan Stanley initiated 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 objective for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $131.35.

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.