Philip Morris International Inc. (NYSE:PM) Stock Holdings Cut by Lantz Financial LLC

Lantz Financial LLC lessened its position in Philip Morris International Inc. (NYSE:PM) by 4.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,369 shares of the company’s stock after selling 204 shares during the period. Lantz Financial LLC’s holdings in Philip Morris International were worth $526,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Valley Wealth Managers Inc. grew its stake in shares of Philip Morris International by 457.5% in the 3rd quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock worth $27,000 after purchasing an additional 183 shares during the last quarter. Dunhill Financial LLC grew its position in Philip Morris International by 203.8% in the third quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock worth $29,000 after buying an additional 161 shares during the last quarter. Concord Wealth Partners increased its holdings in shares of Philip Morris International by 2,709.1% in the third quarter. Concord Wealth Partners now owns 309 shares of the company’s stock valued at $38,000 after buying an additional 298 shares in the last quarter. Darwin Wealth Management LLC acquired a new stake in shares of Philip Morris International during the 3rd quarter valued at $54,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Philip Morris International during the 4th quarter valued at $54,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Stock Performance

Philip Morris International stock opened at $127.28 on Friday. The firm’s 50 day moving average price is $125.30 and its two-hundred day moving average price is $121.97. The firm has a market cap of $197.89 billion, a PE ratio of 20.20, a P/E/G ratio of 2.01 and a beta of 0.54. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $134.15.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, topping 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 period last year, the company earned $1.67 earnings per share. Philip Morris International’s quarterly revenue was up 8.4% compared to the same quarter last year. Equities analysts anticipate that Philip Morris International Inc. will post 6.5 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently declared 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. The ex-dividend date was Thursday, December 26th. This represents a $5.40 annualized dividend and a dividend yield of 4.24%. Philip Morris International’s dividend payout ratio is 85.71%.

Analyst Ratings Changes

PM has been the topic of a number of recent analyst reports. Citigroup boosted their target price on Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Morgan Stanley initiated coverage on Philip Morris International in a report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Philip Morris International from $118.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. boosted their price target on shares of Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $145.00 price objective (up previously from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Philip Morris International presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.35.

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.