Y.D. More Investments Ltd Reduces Holdings in Philip Morris International Inc. (NYSE:PM)

Y.D. More Investments Ltd reduced its position in Philip Morris International Inc. (NYSE:PM) by 11.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,240 shares of the company’s stock after selling 156 shares during the period. Y.D. More Investments Ltd’s holdings in Philip Morris International were worth $149,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of PM. Montgomery Investment Management Inc. acquired a new stake in Philip Morris International during the 4th quarter valued at approximately $202,000. Alexander Labrunerie & CO. Inc. boosted its stake in shares of Philip Morris International by 7.0% during the 4th quarter. Alexander Labrunerie & CO. Inc. now owns 3,073 shares of the company’s stock valued at $370,000 after buying an additional 202 shares during the last quarter. Stratos Investment Management LLC grew its position in shares of Philip Morris International by 13.1% during the fourth quarter. Stratos Investment Management LLC now owns 5,603 shares of the company’s stock worth $674,000 after buying an additional 651 shares in the last quarter. Retirement Systems of Alabama increased its stake in shares of Philip Morris International by 12.7% in the fourth quarter. Retirement Systems of Alabama now owns 878,832 shares of the company’s stock worth $105,767,000 after buying an additional 98,865 shares during the last quarter. Finally, Sargent Investment Group LLC raised its holdings in Philip Morris International by 2.2% in the fourth quarter. Sargent Investment Group LLC now owns 3,972 shares of the company’s stock valued at $467,000 after acquiring an additional 86 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Trading Up 0.4 %

PM opened at $130.91 on Thursday. The business’s 50 day moving average is $125.18 and its 200-day moving average is $123.41. The stock has a market cap of $203.54 billion, a PE ratio of 20.78, a price-to-earnings-growth ratio of 2.30 and a beta of 0.55. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $134.15.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were paid a $1.35 dividend. The ex-dividend date was Thursday, December 26th. This represents a $5.40 annualized dividend and a dividend yield of 4.13%. Philip Morris International’s payout ratio is 85.71%.

Analyst Ratings Changes

Several equities analysts have recently commented on PM shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $145.00 price target (up previously from $138.00) on shares of Philip Morris International in a research report on Wednesday, October 23rd. UBS Group increased their target price on Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a report on Wednesday, October 23rd. Barclays lowered their price target on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Morgan Stanley initiated coverage on shares of Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their target price on shares of Philip Morris International from $125.00 to $145.00 and gave the stock 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 assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $131.35.

About Philip Morris International

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.