Philip Morris International Inc. (NYSE:PM) Position Decreased by VisionPoint Advisory Group LLC

VisionPoint Advisory Group LLC lowered its holdings in Philip Morris International Inc. (NYSE:PM) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,017 shares of the company’s stock after selling 1,506 shares during the period. Philip Morris International accounts for 2.8% of VisionPoint Advisory Group LLC’s investment portfolio, making the stock its 4th biggest position. VisionPoint Advisory Group LLC’s holdings in Philip Morris International were worth $8,116,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in PM. Valley Wealth Managers Inc. lifted its stake in shares of Philip Morris International by 457.5% in the 3rd quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock valued at $27,000 after purchasing an additional 183 shares in the last quarter. Dunhill Financial LLC lifted its position in Philip Morris International by 203.8% during the third quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock valued at $29,000 after buying an additional 161 shares in the last quarter. McClarren Financial Advisors Inc. acquired a new position in Philip Morris International during the fourth quarter valued at approximately $33,000. Sierra Ocean LLC purchased a new stake in Philip Morris International during the fourth quarter worth approximately $37,000. Finally, Concord Wealth Partners increased its position in shares of Philip Morris International by 2,709.1% in the third quarter. Concord Wealth Partners now owns 309 shares of the company’s stock worth $38,000 after acquiring an additional 298 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PM. StockNews.com downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Barclays decreased their price target on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. UBS Group lifted their price objective on shares of Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a research note on Friday, February 7th. Stifel Nicolaus boosted their target price on shares of 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, JPMorgan Chase & Co. raised their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $141.22.

Philip Morris International Stock Up 1.3 %

Shares of Philip Morris International stock opened at $151.68 on Friday. The business has a 50-day moving average price of $129.26 and a 200 day moving average price of $126.08. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $152.53. The firm has a market cap of $235.84 billion, a P/E ratio of 33.63, a P/E/G ratio of 2.62 and a beta of 0.55.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (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 7.89%. As a group, equities research analysts anticipate that Philip Morris International Inc. will post 7.13 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders 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 3.56%. Philip Morris International’s payout ratio is currently 119.73%.

Insider Activity

In related news, VP Reginaldo Dobrowolski sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total value of $749,400.00. Following the sale, the vice president now owns 20,799 shares of the company’s stock, valued at approximately $3,117,354.12. This trade represents a 19.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.13% of the company’s stock.

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.