CarsonAllaria Wealth Management Ltd. Cuts Stake in Philip Morris International Inc. (NYSE:PM)

CarsonAllaria Wealth Management Ltd. trimmed its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 15.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,009 shares of the company’s stock after selling 179 shares during the quarter. CarsonAllaria Wealth Management Ltd.’s holdings in Philip Morris International were worth $121,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Intergy Private Wealth LLC lifted its holdings in Philip Morris International by 4.3% in the 4th quarter. Intergy Private Wealth LLC now owns 1,959 shares of the company’s stock valued at $236,000 after purchasing an additional 80 shares in the last quarter. 49 Wealth Management LLC lifted its stake in shares of Philip Morris International by 3.6% in the third quarter. 49 Wealth Management LLC now owns 2,432 shares of the company’s stock worth $295,000 after buying an additional 84 shares in the last quarter. Woodmont Investment Counsel LLC lifted its stake in shares of Philip Morris International by 1.6% in the third quarter. Woodmont Investment Counsel LLC now owns 5,452 shares of the company’s stock worth $662,000 after buying an additional 86 shares in the last quarter. YHB Investment Advisors Inc. boosted its position in Philip Morris International by 4.2% during the third quarter. YHB Investment Advisors Inc. now owns 2,158 shares of the company’s stock worth $262,000 after acquiring an additional 87 shares during the last quarter. Finally, Cypress Wealth Services LLC grew its stake in Philip Morris International by 1.3% during the 3rd quarter. Cypress Wealth Services LLC now owns 6,748 shares of the company’s stock valued at $819,000 after acquiring an additional 89 shares in the last quarter. 78.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PM has been the topic of several recent research reports. Morgan Stanley began coverage on Philip Morris International in a report on Thursday, January 16th. They set an “overweight” rating and a $140.00 target price on the stock. JPMorgan Chase & Co. boosted their price objective on Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Stifel Nicolaus reiterated a “buy” rating and set a $145.00 price target (up previously from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. Barclays dropped their price objective on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Finally, UBS Group lifted their target price on shares of Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Philip Morris International has a consensus rating of “Moderate Buy” and an average target price of $131.35.

Philip Morris International Stock Performance

NYSE:PM opened at $130.42 on Wednesday. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $134.15. The company has a 50 day moving average price of $125.22 and a 200 day moving average price of $123.24. The stock has a market capitalization of $202.78 billion, a P/E ratio of 20.70, a PEG ratio of 2.30 and a beta of 0.55.

Philip Morris International Dividend Announcement

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