L.M. Kohn & Company Sells 4,233 Shares of Philip Morris International Inc. $PM

L.M. Kohn & Company cut its position in shares of Philip Morris International Inc. (NYSE:PM) by 55.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,418 shares of the company’s stock after selling 4,233 shares during the period. L.M. Kohn & Company’s holdings in Philip Morris International were worth $554,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new stake in shares of Philip Morris International in the 2nd quarter worth approximately $25,000. Traub Capital Management LLC purchased a new position in Philip Morris International during the second quarter valued at approximately $25,000. Marquette Asset Management LLC raised its stake in Philip Morris International by 1,677.8% in the third quarter. Marquette Asset Management LLC now owns 160 shares of the company’s stock worth $26,000 after buying an additional 151 shares in the last quarter. Briaud Financial Planning Inc lifted its holdings in Philip Morris International by 266.7% during the second quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock worth $30,000 after buying an additional 120 shares during the period. Finally, Estabrook Capital Management purchased a new stake in Philip Morris International during the second quarter worth $30,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on PM shares. Morgan Stanley set a $175.00 price target on Philip Morris International and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Barclays dropped their price objective on Philip Morris International from $220.00 to $180.00 and set an “overweight” rating on the stock in a research report 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. The Goldman Sachs Group reissued a “buy” rating on shares of Philip Morris International in a research report on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. lowered their price target on shares of Philip Morris International from $190.00 to $185.00 and set an “overweight” rating on the stock in a report on Wednesday, November 26th. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $184.56.

Philip Morris International Trading Up 0.9%

NYSE:PM opened at $179.42 on Friday. The company has a market capitalization of $279.29 billion, a P/E ratio of 32.50, a PEG ratio of 1.92 and a beta of 0.40. Philip Morris International Inc. has a 12 month low of $128.25 and a 12 month high of $186.69. The firm has a fifty day simple moving average of $161.53 and a 200-day simple moving average of $161.56.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th were given a dividend of $1.47 per share. The ex-dividend date of this dividend was Friday, December 26th. This represents a $5.88 dividend on an annualized basis and a yield of 3.3%. Philip Morris International’s payout ratio is currently 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.