Peterson Wealth Services Sells 31,727 Shares of Philip Morris International Inc. $PM

Peterson Wealth Services cut its holdings in Philip Morris International Inc. (NYSE:PM) by 95.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,506 shares of the company’s stock after selling 31,727 shares during the period. Peterson Wealth Services’ holdings in Philip Morris International were worth $244,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in Philip Morris International by 31.1% in the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock worth $1,027,000 after purchasing an additional 2,023 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Philip Morris International by 4.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock worth $252,000 after purchasing an additional 91 shares during the last quarter. Sivia Capital Partners LLC lifted its position in shares of Philip Morris International by 53.7% in the second quarter. Sivia Capital Partners LLC now owns 5,636 shares of the company’s stock worth $1,027,000 after buying an additional 1,970 shares in the last quarter. Grimes & Company Inc. boosted its stake in Philip Morris International by 14.3% during the second quarter. Grimes & Company Inc. now owns 6,305 shares of the company’s stock valued at $1,148,000 after buying an additional 788 shares during the last quarter. Finally, Global Assets Advisory LLC bought a new stake in Philip Morris International in the 2nd quarter worth approximately $208,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Trading Down 1.6%

Shares of PM opened at $177.02 on Wednesday. The company’s fifty day simple moving average is $162.50 and its 200-day simple moving average is $161.26. The company has a market cap of $275.56 billion, a P/E ratio of 32.07, a P/E/G ratio of 1.94 and a beta of 0.39. Philip Morris International Inc. has a twelve month low of $129.91 and a twelve month high of $186.69.

Philip Morris International Announces Dividend

The firm also recently announced 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. This represents a $5.88 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Friday, December 26th. Philip Morris International’s payout ratio is 106.52%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PM. Morgan Stanley set a $175.00 price objective on Philip Morris International and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. JPMorgan Chase & Co. decreased 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 research note on Wednesday, November 26th. Wall Street Zen cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. The Goldman Sachs Group restated a “buy” rating on shares of Philip Morris International in a research report on Wednesday, October 22nd. Finally, Jefferies Financial Group downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating and lowered their price target for the company from $220.00 to $180.00 in a report on Tuesday, January 20th. Eleven investment 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $184.56.

About Philip Morris International

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.