Ferguson Wellman Capital Management Inc. Sells 125,073 Shares of Philip Morris International Inc. $PM

Ferguson Wellman Capital Management Inc. trimmed its position in shares of Philip Morris International Inc. (NYSE:PM) by 20.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 482,127 shares of the company’s stock after selling 125,073 shares during the quarter. Philip Morris International comprises about 1.3% of Ferguson Wellman Capital Management Inc.’s holdings, making the stock its 24th biggest holding. Ferguson Wellman Capital Management Inc.’s holdings in Philip Morris International were worth $78,201,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Corient Private Wealth LLC boosted its position in shares of Philip Morris International by 1.2% during the second quarter. Corient Private Wealth LLC now owns 490,590 shares of the company’s stock worth $89,354,000 after acquiring an additional 5,681 shares during the last quarter. Westwood Holdings Group Inc. lifted its stake in Philip Morris International by 295.8% in the 2nd quarter. Westwood Holdings Group Inc. now owns 67,717 shares of the company’s stock worth $12,333,000 after purchasing an additional 50,610 shares in the last quarter. Prudential Financial Inc. boosted its holdings in shares of Philip Morris International by 88.9% during the 2nd quarter. Prudential Financial Inc. now owns 2,138,118 shares of the company’s stock valued at $389,415,000 after purchasing an additional 1,006,014 shares during the last quarter. Trek Financial LLC grew its position in shares of Philip Morris International by 732.3% during the second quarter. Trek Financial LLC now owns 42,829 shares of the company’s stock valued at $7,801,000 after purchasing an additional 37,683 shares in the last quarter. Finally, Railway Pension Investments Ltd increased its holdings in shares of Philip Morris International by 2.9% in the third quarter. Railway Pension Investments Ltd now owns 514,040 shares of the company’s stock worth $83,377,000 after purchasing an additional 14,600 shares during the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on PM shares. Barclays dropped their price target on Philip Morris International from $220.00 to $180.00 and set an “overweight” rating for the company in a research note on Monday, November 17th. JPMorgan Chase & Co. lowered their target price on 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. Wall Street Zen upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Monday, November 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, October 8th. Finally, Stifel Nicolaus set a $180.00 price objective on shares of Philip Morris International in a research note on Tuesday, October 21st. Twelve 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 Stock Performance

NYSE:PM opened at $158.76 on Friday. The firm has a market capitalization of $247.13 billion, a PE ratio of 28.76, a PEG ratio of 1.67 and a beta of 0.40. The stock’s fifty day moving average is $155.27 and its 200 day moving average is $162.44. Philip Morris International Inc. has a fifty-two week low of $116.12 and a fifty-two week high of $186.69.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Tuesday, March 28th. The company reported $1.59 earnings per share for the quarter. Philip Morris International had a net margin of 9.33% and a negative return on equity of 122.14%. The business had revenue of $8.12 billion for the quarter. Equities analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Friday, December 26th will be given a $1.47 dividend. 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 dividend payout ratio 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.