Bartlett & CO. Wealth Management LLC Sells 3,673 Shares of Philip Morris International Inc. (NYSE:PM)

Bartlett & CO. Wealth Management LLC reduced its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 10.1% in the fourth quarter, HoldingsChannel reports. The fund owned 32,818 shares of the company’s stock after selling 3,673 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Philip Morris International were worth $3,994,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of PM. American Century Companies Inc. raised its holdings in Philip Morris International by 24.5% in the second quarter. American Century Companies Inc. now owns 8,701 shares of the company’s stock worth $882,000 after buying an additional 1,715 shares during the last quarter. Fred Alger Management LLC increased its position in shares of Philip Morris International by 10.6% during the second quarter. Fred Alger Management LLC now owns 30,898 shares of the company’s stock valued at $3,131,000 after acquiring an additional 2,955 shares in the last quarter. AQR Capital Management LLC raised its holdings in Philip Morris International by 29.4% in the 2nd quarter. AQR Capital Management LLC now owns 322,043 shares of the company’s stock worth $32,571,000 after acquiring an additional 73,234 shares during the last quarter. Employees Retirement System of Texas lifted its position in Philip Morris International by 440.6% in the 2nd quarter. Employees Retirement System of Texas now owns 141,681 shares of the company’s stock valued at $14,357,000 after acquiring an additional 115,472 shares in the last quarter. Finally, Drucker Wealth 3.0 LLC purchased a new stake in Philip Morris International during the 2nd quarter valued at $4,360,000. Institutional investors own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on PM shares. UBS Group boosted their price target on Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a research note on Wednesday, October 23rd. Barclays lowered their target price on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Stifel Nicolaus reiterated a “buy” rating and issued a $145.00 price target (up from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. Morgan Stanley assumed 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 on the stock. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Philip Morris International from $118.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $131.35.

Philip Morris International Price Performance

Shares of PM stock opened at $125.36 on Friday. The company has a market cap of $194.92 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 2.03 and a beta of 0.54. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $134.15. The firm has a fifty day moving average price of $125.38 and a 200-day moving average price of $121.77.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.09. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. The business had revenue of $9.91 billion during the quarter, compared to analyst estimates of $9.68 billion. During the same quarter in the previous year, the company posted $1.67 earnings per share. Philip Morris International’s revenue for the quarter was up 8.4% on a year-over-year basis. Equities research analysts expect that Philip Morris International Inc. will post 6.5 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were issued a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 4.31%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s dividend payout ratio is 85.71%.

About Philip Morris International

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.