Philip Morris International Inc. (NYSE:PM) Shares Sold by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. reduced its position in Philip Morris International Inc. (NYSE:PM) by 1.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 572,801 shares of the company’s stock after selling 10,655 shares during the period. Philip Morris International accounts for about 1.3% of Ferguson Wellman Capital Management Inc.’s holdings, making the stock its 22nd biggest holding. Ferguson Wellman Capital Management Inc.’s holdings in Philip Morris International were worth $68,937,000 at the end of the most recent reporting period.

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

Philip Morris International Trading Down 0.6 %

Shares of PM opened at $144.40 on Monday. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $146.78. The firm 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. The firm’s 50-day moving average is $125.66 and its two-hundred day moving average is $123.97.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share 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%. Analysts predict that Philip Morris International Inc. will post 7.11 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently declared 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 of this dividend was Thursday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is presently 119.73%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Stifel Nicolaus increased their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday. Morgan Stanley assumed coverage on Philip Morris International in a report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price target for the company. UBS Group boosted 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. JPMorgan Chase & Co. raised their target price on shares of Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Barclays dropped their price target 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. One research 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. Based on data from MarketBeat.com, Philip Morris International presently has an average rating of “Moderate Buy” and a consensus price target of $134.35.

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.