Hantz Financial Services Inc. Sells 2,953 Shares of Philip Morris International Inc. $PM

Hantz Financial Services Inc. trimmed its position in Philip Morris International Inc. (NYSE:PM) by 4.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,663 shares of the company’s stock after selling 2,953 shares during the quarter. Hantz Financial Services Inc.’s holdings in Philip Morris International were worth $9,677,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new stake in Philip Morris International in the second quarter worth $25,000. Traub Capital Management LLC purchased a new position in shares of Philip Morris International in the 2nd quarter worth $25,000. Marquette Asset Management LLC increased its holdings in shares of Philip Morris International by 1,677.8% in the 3rd quarter. Marquette Asset Management LLC now owns 160 shares of the company’s stock worth $26,000 after buying an additional 151 shares during the last quarter. Briaud Financial Planning Inc increased its holdings in shares of Philip Morris International by 266.7% in the 2nd 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 last quarter. Finally, Estabrook Capital Management purchased a new stake in shares of Philip Morris International during the 2nd quarter valued at about $30,000. 78.63% of the stock is owned by institutional investors.

Philip Morris International Stock Down 1.6%

Shares of Philip Morris International stock opened at $177.02 on Wednesday. The stock’s fifty day moving average is $162.50 and its two-hundred day moving average is $161.26. Philip Morris International Inc. has a 52 week low of $129.91 and a 52 week high of $186.69. The company has a market capitalization of $275.56 billion, a PE ratio of 32.07, a price-to-earnings-growth ratio of 1.94 and a beta of 0.39.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th were given a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Friday, December 26th. Philip Morris International’s payout ratio is 106.52%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on PM. Morgan Stanley set a $175.00 price objective on Philip Morris International and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Jefferies Financial Group downgraded Philip Morris International from a “buy” rating to a “hold” rating and cut their target price for the company from $220.00 to $180.00 in a research report on Tuesday, January 20th. The Goldman Sachs Group restated a “buy” rating on shares of Philip Morris International in a research report on Wednesday, October 22nd. Wall Street Zen downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Philip Morris International from $190.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $184.56.

Philip Morris International Company 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.