Altrius Capital Management Inc Sells 7,786 Shares of Philip Morris International Inc. $PM

Altrius Capital Management Inc lowered its holdings in Philip Morris International Inc. (NYSE:PM) by 17.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,717 shares of the company’s stock after selling 7,786 shares during the period. Philip Morris International comprises 1.4% of Altrius Capital Management Inc’s holdings, making the stock its 27th largest position. Altrius Capital Management Inc’s holdings in Philip Morris International were worth $6,118,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in PM. WCM Investment Management LLC increased its holdings in Philip Morris International by 24,968.0% during the second quarter. WCM Investment Management LLC now owns 11,275,606 shares of the company’s stock worth $2,041,223,000 after buying an additional 11,230,626 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Philip Morris International by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 142,857,055 shares of the company’s stock valued at $26,018,555,000 after acquiring an additional 2,235,380 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of Philip Morris International by 69.0% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,512,311 shares of the company’s stock valued at $821,826,000 after acquiring an additional 1,842,754 shares during the period. Prudential Financial Inc. increased its stake 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 worth $389,415,000 after purchasing an additional 1,006,014 shares during the last quarter. Finally, Panagora Asset Management Inc. raised its holdings in shares of Philip Morris International by 142.2% in the 2nd quarter. Panagora Asset Management Inc. now owns 1,512,514 shares of the company’s stock worth $275,474,000 after purchasing an additional 888,148 shares during the period. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Price Performance

PM opened at $180.22 on Thursday. The firm has a market capitalization of $280.54 billion, a P/E ratio of 32.65, a price-to-earnings-growth ratio of 1.91 and a beta of 0.39. Philip Morris International Inc. has a one year low of $130.31 and a one year high of $186.69. The company has a fifty day moving average price of $162.98 and a 200-day moving average price of $161.39.

Philip Morris International Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Wall Street Zen lowered Philip Morris International from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Stifel Nicolaus set a $180.00 price target on Philip Morris International in a research note on Tuesday, October 21st. 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. Jefferies Financial Group cut Philip Morris International from a “buy” rating to a “hold” rating and lowered their price objective for the company from $220.00 to $180.00 in a research note on Tuesday, January 20th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Philip Morris International in a research report on Wednesday, October 22nd. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Philip Morris International currently has a consensus rating of “Moderate Buy” and a consensus target price of $184.56.

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.