Philip Morris International Inc. (NYSE:PM) Shares Sold by Raleigh Capital Management Inc.

Raleigh Capital Management Inc. lowered its stake in shares of Philip Morris International Inc. (NYSE:PM) by 11.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 20,320 shares of the company’s stock after selling 2,686 shares during the period. Philip Morris International comprises about 0.9% of Raleigh Capital Management Inc.’s portfolio, making the stock its 19th largest holding. Raleigh Capital Management Inc.’s holdings in Philip Morris International were worth $2,446,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Valley Wealth Managers Inc. increased its holdings in Philip Morris International by 457.5% in the third quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock valued at $27,000 after buying an additional 183 shares in the last quarter. Dunhill Financial LLC raised its holdings in Philip Morris International by 203.8% in the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock worth $29,000 after purchasing an additional 161 shares during the period. Concord Wealth Partners boosted its position in Philip Morris International by 2,709.1% during the third quarter. Concord Wealth Partners now owns 309 shares of the company’s stock worth $38,000 after purchasing an additional 298 shares in the last quarter. Darwin Wealth Management LLC acquired a new stake in Philip Morris International in the third quarter valued at approximately $54,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in shares of Philip Morris International in the fourth quarter valued at approximately $54,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

PM has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Citigroup boosted their target price on shares of Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Morgan Stanley began coverage on shares of Philip Morris International in a research note on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price target on the stock. Deutsche Bank Aktiengesellschaft increased their target price on Philip Morris International from $118.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Finally, Barclays lowered their price target on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Philip Morris International has an average rating of “Moderate Buy” and an average target price of $131.35.

Philip Morris International Stock Down 0.7 %

Shares of PM opened at $122.91 on Thursday. Philip Morris International Inc. has a 52-week low of $87.82 and a 52-week high of $134.15. The stock has a fifty day simple moving average of $125.38 and a two-hundred day simple moving average of $121.77. The company has a market capitalization of $191.11 billion, a PE ratio of 19.51, a price-to-earnings-growth ratio of 2.03 and a beta of 0.54.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.09. The firm had revenue of $9.91 billion during the quarter, compared to analysts’ expectations of $9.68 billion. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. Philip Morris International’s revenue was up 8.4% compared to the same quarter last year. During the same period last year, the business earned $1.67 earnings per share. As a group, equities analysts anticipate that Philip Morris International Inc. will post 6.5 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 4.39%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s payout ratio is presently 85.71%.

Philip Morris International Company Profile

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.