Tranquilli Financial Advisor LLC Has $939,000 Stock Position in Philip Morris International Inc. (NYSE:PM)

Tranquilli Financial Advisor LLC lessened its stake in Philip Morris International Inc. (NYSE:PM) by 1.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,805 shares of the company’s stock after selling 102 shares during the period. Tranquilli Financial Advisor LLC’s holdings in Philip Morris International were worth $939,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of PM. White Lighthouse Investment Management Inc. lifted its stake in shares of Philip Morris International by 71.4% during the 3rd quarter. White Lighthouse Investment Management Inc. now owns 11,999 shares of the company’s stock valued at $1,457,000 after buying an additional 4,999 shares in the last quarter. Range Financial Group LLC raised its stake in Philip Morris International by 504.9% in the fourth quarter. Range Financial Group LLC now owns 22,915 shares of the company’s stock worth $2,758,000 after buying an additional 19,127 shares in the last quarter. Accredited Investors Inc. boosted its position in shares of Philip Morris International by 3,553.3% during the third quarter. Accredited Investors Inc. now owns 206,959 shares of the company’s stock valued at $25,125,000 after purchasing an additional 201,294 shares in the last quarter. Park Avenue Securities LLC increased its stake in shares of Philip Morris International by 18.9% during the fourth quarter. Park Avenue Securities LLC now owns 100,826 shares of the company’s stock valued at $12,134,000 after purchasing an additional 16,035 shares in the last quarter. Finally, CWA Asset Management Group LLC raised its position in shares of Philip Morris International by 37.5% in the 4th quarter. CWA Asset Management Group LLC now owns 24,200 shares of the company’s stock worth $2,912,000 after purchasing an additional 6,605 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Up 0.1 %

NYSE PM opened at $130.34 on Tuesday. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $134.15. The stock has a market cap of $202.65 billion, a P/E ratio of 20.69, a PEG ratio of 2.30 and a beta of 0.55. The company’s fifty day simple moving average is $125.23 and its 200-day simple moving average is $123.08.

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 4.14%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is presently 85.71%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Barclays reduced their price target on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Citigroup boosted their price target on Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Stifel Nicolaus restated a “buy” rating and set a $145.00 target price (up from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. Morgan Stanley initiated coverage on Philip Morris International in a research note on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective for the company. Finally, JPMorgan Chase & Co. raised their price objective on Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Philip Morris International currently has a consensus rating of “Moderate Buy” and an average target price of $131.35.

Philip Morris International 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.