Philip Morris International Inc. (NYSE:PM) Stock Holdings Lessened by Coronation Fund Managers Ltd.

Coronation Fund Managers Ltd. lessened its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 17.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 120,247 shares of the company’s stock after selling 25,291 shares during the period. Coronation Fund Managers Ltd.’s holdings in Philip Morris International were worth $14,472,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of PM. Fiduciary Financial Group LLC bought a new stake in Philip Morris International in the third quarter valued at $320,000. Annex Advisory Services LLC increased its holdings in shares of Philip Morris International by 1.6% in the 3rd quarter. Annex Advisory Services LLC now owns 13,380 shares of the company’s stock worth $1,624,000 after acquiring an additional 212 shares during the period. Carnegie Investment Counsel increased its holdings in shares of Philip Morris International by 1.3% in the 3rd quarter. Carnegie Investment Counsel now owns 102,038 shares of the company’s stock worth $12,387,000 after acquiring an additional 1,318 shares during the period. Koshinski Asset Management Inc. lifted its position in Philip Morris International by 3.9% in the 3rd quarter. Koshinski Asset Management Inc. now owns 12,348 shares of the company’s stock valued at $1,499,000 after purchasing an additional 462 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. boosted its stake in Philip Morris International by 16.7% during the 3rd quarter. McGlone Suttner Wealth Management Inc. now owns 5,222 shares of the company’s stock valued at $634,000 after purchasing an additional 746 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Trading Down 0.6 %

Shares of Philip Morris International stock opened at $144.40 on Monday. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $146.78. The stock has a market cap of $224.51 billion, a PE ratio of 32.02, a price-to-earnings-growth ratio of 2.55 and a beta of 0.55. The company’s 50-day moving average price is $125.66 and its two-hundred day moving average price is $123.97.

Philip Morris International (NYSE:PM) last released its earnings results 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 net margin of 9.24% and a negative return on equity of 120.08%. On average, equities analysts predict that Philip Morris International Inc. will post 7.11 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently disclosed 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. This represents a $5.40 annualized dividend and a dividend yield of 3.74%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s dividend payout ratio is presently 119.73%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus lifted their price target on Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a report on Friday. UBS Group lifted their target price on Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a research note on Friday. Barclays reduced their price target on 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. raised their price target on Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, Morgan Stanley assumed coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 target price for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $134.35.

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.