Howland Capital Management LLC Has $699,000 Holdings in Philip Morris International Inc. (NYSE:PM)

Howland Capital Management LLC decreased its stake in shares of Philip Morris International Inc. (NYSE:PM) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,740 shares of the company’s stock after selling 88 shares during the period. Howland Capital Management LLC’s holdings in Philip Morris International were worth $699,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Quotient Wealth Partners LLC boosted its position in Philip Morris International by 6.0% in the fourth quarter. Quotient Wealth Partners LLC now owns 4,146 shares of the company’s stock worth $499,000 after purchasing an additional 235 shares during the last quarter. Benedict Financial Advisors Inc. raised its stake in shares of Philip Morris International by 0.9% in the fourth quarter. Benedict Financial Advisors Inc. now owns 72,089 shares of the company’s stock valued at $8,676,000 after buying an additional 676 shares during the period. Investment Advisory Services Inc. TX ADV raised its stake in shares of Philip Morris International by 3.2% in the fourth quarter. Investment Advisory Services Inc. TX ADV now owns 2,510 shares of the company’s stock valued at $302,000 after buying an additional 78 shares during the period. WCM Investment Management LLC bought a new stake in shares of Philip Morris International in the fourth quarter valued at $3,586,000. Finally, Empowered Funds LLC raised its stake in shares of Philip Morris International by 4.9% in the fourth quarter. Empowered Funds LLC now owns 123,139 shares of the company’s stock valued at $14,820,000 after buying an additional 5,696 shares during the period. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on PM shares. UBS Group boosted 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. Stifel Nicolaus boosted their price objective on Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Friday. JPMorgan Chase & Co. boosted their price objective on Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Morgan Stanley initiated coverage on Philip Morris International in a research note on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective on the stock. Finally, 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 note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.35.

Philip Morris International Trading Down 0.6 %

PM opened at $144.40 on Friday. The stock has a 50-day moving average price of $125.66 and a 200-day moving average price of $123.87. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $146.78. The stock has a market capitalization of $224.51 billion, a P/E ratio of 32.02, a PEG ratio of 2.55 and a beta of 0.55.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data 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, equities research analysts predict that Philip Morris International Inc. will post 7.11 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 3.74%. The ex-dividend date of this dividend 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.