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

Hodges Capital Management Inc. lessened its stake in shares of Philip Morris International Inc. (NYSE:PM) by 25.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 17,577 shares of the company’s stock after selling 5,988 shares during the quarter. Hodges Capital Management Inc.’s holdings in Philip Morris International were worth $2,115,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Czech National Bank grew its stake in shares of Philip Morris International by 6.9% in the 3rd quarter. Czech National Bank now owns 316,729 shares of the company’s stock valued at $38,451,000 after buying an additional 20,494 shares in the last quarter. GAMMA Investing LLC grew its position in Philip Morris International by 36.5% in the third quarter. GAMMA Investing LLC now owns 20,209 shares of the company’s stock worth $2,453,000 after acquiring an additional 5,407 shares in the last quarter. Diversified Trust Co increased its stake in shares of Philip Morris International by 5.2% during the 3rd quarter. Diversified Trust Co now owns 58,474 shares of the company’s stock worth $7,099,000 after purchasing an additional 2,885 shares during the last quarter. Smith Anglin Financial LLC raised its holdings in shares of Philip Morris International by 19.3% during the 3rd quarter. Smith Anglin Financial LLC now owns 2,432 shares of the company’s stock valued at $295,000 after purchasing an additional 394 shares in the last quarter. Finally, Miracle Mile Advisors LLC lifted its stake in shares of Philip Morris International by 17.6% in the 3rd quarter. Miracle Mile Advisors LLC now owns 2,428 shares of the company’s stock valued at $295,000 after purchasing an additional 363 shares during the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PM has been the topic of several recent research reports. Morgan Stanley began coverage on Philip Morris International in a report on Thursday, January 16th. They set an “overweight” rating and a $140.00 target price on the stock. Barclays reduced their target price on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Citigroup increased their price target on Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. UBS Group boosted their price objective on shares of Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a research note on Wednesday, October 23rd. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $145.00 target price (up from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. 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 company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $131.35.

Philip Morris International Stock Up 0.1 %

Philip Morris International stock opened at $130.34 on Tuesday. Philip Morris International Inc. has a 12 month low of $87.82 and a 12 month high of $134.15. The stock has a market cap of $202.65 billion, a price-to-earnings ratio of 20.69, a price-to-earnings-growth ratio of 2.30 and a beta of 0.54. The business has a 50 day moving average price of $125.23 and a two-hundred day moving average price of $123.08.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s payout ratio is 85.71%.

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.