Chapin Davis Inc. Has $369,000 Stock Position in Philip Morris International Inc. $PM

Chapin Davis Inc. cut its stake in shares of Philip Morris International Inc. (NYSE:PM) by 93.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,277 shares of the company’s stock after selling 33,170 shares during the period. Chapin Davis Inc.’s holdings in Philip Morris International were worth $369,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in PM. Corient Private Wealth LLC boosted its stake in shares of Philip Morris International by 1.2% in the second quarter. Corient Private Wealth LLC now owns 490,590 shares of the company’s stock valued at $89,354,000 after buying an additional 5,681 shares during the period. Westwood Holdings Group Inc. increased its stake in Philip Morris International by 295.8% during the 2nd quarter. Westwood Holdings Group Inc. now owns 67,717 shares of the company’s stock worth $12,333,000 after acquiring an additional 50,610 shares during the period. Prudential Financial Inc. raised its holdings in Philip Morris International by 88.9% in the 2nd quarter. Prudential Financial Inc. now owns 2,138,118 shares of the company’s stock valued at $389,415,000 after acquiring an additional 1,006,014 shares in the last quarter. Trek Financial LLC lifted its position in shares of Philip Morris International by 732.3% during the 2nd quarter. Trek Financial LLC now owns 42,829 shares of the company’s stock valued at $7,801,000 after acquiring an additional 37,683 shares during the period. Finally, Klingman & Associates LLC lifted its position in shares of Philip Morris International by 44.5% during the 2nd quarter. Klingman & Associates LLC now owns 6,615 shares of the company’s stock valued at $1,205,000 after acquiring an additional 2,038 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Wall Street Zen raised Philip Morris International from a “hold” rating to a “buy” rating in a research note on Monday, November 17th. Stifel Nicolaus set a $180.00 target price on shares of Philip Morris International in a report on Tuesday, October 21st. JPMorgan Chase & Co. dropped their target price on shares of Philip Morris International from $190.00 to $185.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. UBS Group reduced their price target on shares of Philip Morris International from $177.00 to $166.00 and set a “neutral” rating on the stock in a research report on Friday, September 5th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Philip Morris International in a research note on Wednesday, October 22nd. Twelve analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $189.00.

Philip Morris International Stock Down 0.8%

Shares of PM opened at $157.27 on Friday. Philip Morris International Inc. has a 12-month low of $116.12 and a 12-month high of $186.69. The business has a 50-day simple moving average of $153.86 and a two-hundred day simple moving average of $164.77. The stock has a market cap of $244.81 billion, a PE ratio of 28.49, a PEG ratio of 1.89 and a beta of 0.42.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Tuesday, March 28th. The company reported $1.59 EPS for the quarter. Philip Morris International had a negative return on equity of 122.14% and a net margin of 9.33%.The firm had revenue of $8.12 billion for the quarter. On average, equities research analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th will be issued a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Friday, December 26th. Philip Morris International’s payout ratio is presently 106.52%.

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.