Phraction Management LLC Has $8.80 Million Stock Position in Philip Morris International Inc. (NYSE:PM)

Phraction Management LLC lowered its stake in Philip Morris International Inc. (NYSE:PM) by 9.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 73,143 shares of the company’s stock after selling 7,715 shares during the quarter. Philip Morris International makes up approximately 3.1% of Phraction Management LLC’s investment portfolio, making the stock its 13th largest position. Phraction Management LLC’s holdings in Philip Morris International were worth $8,803,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of PM. CX Institutional increased its position in Philip Morris International by 6.7% during the third quarter. CX Institutional now owns 7,562 shares of the company’s stock worth $918,000 after buying an additional 475 shares during the last quarter. Creative Planning increased its position in Philip Morris International by 5.6% during the third quarter. Creative Planning now owns 365,549 shares of the company’s stock worth $44,378,000 after buying an additional 19,490 shares during the last quarter. Occidental Asset Management LLC increased its position in Philip Morris International by 13.0% during the third quarter. Occidental Asset Management LLC now owns 2,585 shares of the company’s stock worth $314,000 after buying an additional 297 shares during the last quarter. Acorn Creek Capital LLC acquired a new position in Philip Morris International during the third quarter worth approximately $213,000. Finally, Cascade Investment Group Inc. acquired a new position in Philip Morris International during the third quarter worth approximately $215,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on PM shares. Morgan Stanley started coverage on Philip Morris International in a research report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price target on the stock. Barclays decreased their target price on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Stifel Nicolaus upped their target price on Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. upped their target price on Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, UBS Group upped their target price on Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a research report on Friday, February 7th. 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 company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $134.35.

Philip Morris International Price Performance

Shares of NYSE:PM opened at $149.94 on Thursday. The company has a market capitalization of $233.13 billion, a P/E ratio of 33.25, a P/E/G ratio of 2.55 and a beta of 0.55. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $150.24. The business’s 50 day simple moving average is $126.34 and its 200 day simple moving average is $124.54.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (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%. On average, sell-side analysts anticipate that Philip Morris International Inc. will post 7.11 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s dividend payout ratio is presently 119.73%.

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.