Analyst IMS Investment Management Services Ltd. Decreases Stock Position in Philip Morris International Inc. $PM

Analyst IMS Investment Management Services Ltd. decreased its position in shares of Philip Morris International Inc. (NYSE:PM) by 79.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,904 shares of the company’s stock after selling 7,206 shares during the period. Analyst IMS Investment Management Services Ltd.’s holdings in Philip Morris International were worth $309,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in PM. Oak Harvest Investment Services grew its holdings in Philip Morris International by 1,280.6% during the 3rd quarter. Oak Harvest Investment Services now owns 24,312 shares of the company’s stock valued at $3,943,000 after buying an additional 22,551 shares in the last quarter. Austin Private Wealth LLC boosted its position in shares of Philip Morris International by 3.3% during the 3rd quarter. Austin Private Wealth LLC now owns 3,764 shares of the company’s stock valued at $611,000 after acquiring an additional 119 shares during the last quarter. Range Financial Group LLC boosted its position in shares of Philip Morris International by 0.9% during the 3rd quarter. Range Financial Group LLC now owns 24,695 shares of the company’s stock valued at $4,005,000 after acquiring an additional 231 shares during the last quarter. Copeland Capital Management LLC purchased a new position in shares of Philip Morris International in the third quarter valued at $5,285,000. Finally, Fort Washington Investment Advisors Inc. OH increased its position in Philip Morris International by 0.3% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 1,522,509 shares of the company’s stock worth $246,951,000 after purchasing an additional 5,300 shares during the last quarter. 78.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on PM shares. Citigroup reiterated a “buy” rating on shares of Philip Morris International in a research report on Thursday, September 4th. Morgan Stanley set a $175.00 target price on shares of Philip Morris International and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Wall Street Zen upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research report on Monday, November 17th. The Goldman Sachs Group restated a “buy” rating on shares of Philip Morris International in a research report on Wednesday, October 22nd. Finally, Stifel Nicolaus set a $180.00 price objective on Philip Morris International in a research note on Tuesday, October 21st. Twelve equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $189.00.

Philip Morris International Price Performance

Shares of NYSE:PM opened at $161.76 on Tuesday. Philip Morris International Inc. has a 1 year low of $116.12 and a 1 year high of $186.69. The business has a 50 day simple moving average of $154.23 and a two-hundred day simple moving average of $163.51. The firm has a market capitalization of $251.81 billion, a PE ratio of 29.31, a price-to-earnings-growth ratio of 1.93 and a beta of 0.42.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, March 28th. The company reported $1.59 earnings per share 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. Equities research analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Friday, December 26th will be given a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Friday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is 106.52%.

Philip Morris International Profile

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.