Quilter Plc Cuts Position in Philip Morris International Inc. $PM

Quilter Plc reduced its stake in shares of Philip Morris International Inc. (NYSE:PM) by 9.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,172 shares of the company’s stock after selling 6,609 shares during the quarter. Quilter Plc’s holdings in Philip Morris International were worth $9,922,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in PM. FSB Premier Wealth Management Inc. boosted its holdings in shares of Philip Morris International by 17.3% in the 3rd quarter. FSB Premier Wealth Management Inc. now owns 28,474 shares of the company’s stock valued at $4,618,000 after buying an additional 4,200 shares in the last quarter. BLB&B Advisors LLC lifted its position in Philip Morris International by 4.0% during the third quarter. BLB&B Advisors LLC now owns 2,715 shares of the company’s stock valued at $440,000 after acquiring an additional 105 shares during the last quarter. GDS Wealth Management boosted its stake in Philip Morris International by 58.3% in the third quarter. GDS Wealth Management now owns 2,833 shares of the company’s stock valued at $460,000 after acquiring an additional 1,043 shares in the last quarter. JFG Wealth Management LLC boosted its stake in Philip Morris International by 6.7% in the third quarter. JFG Wealth Management LLC now owns 2,129 shares of the company’s stock valued at $345,000 after acquiring an additional 133 shares in the last quarter. Finally, Seelaus Asset Management LLC grew its holdings in Philip Morris International by 4.5% in the third quarter. Seelaus Asset Management LLC now owns 4,179 shares of the company’s stock worth $678,000 after purchasing an additional 180 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on PM. Morgan Stanley set a $175.00 price objective on Philip Morris International and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Wall Street Zen downgraded Philip Morris International from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. The Goldman Sachs Group restated a “buy” rating on shares of Philip Morris International in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. decreased their price objective on shares of Philip Morris International from $190.00 to $185.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Finally, Stifel Nicolaus set a $180.00 price target on shares of Philip Morris International in a research note on Tuesday, October 21st. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $184.56.

Philip Morris International Trading Up 1.8%

Shares of NYSE:PM opened at $173.06 on Friday. Philip Morris International Inc. has a twelve month low of $125.53 and a twelve month high of $186.69. The company has a market cap of $269.39 billion, a PE ratio of 31.35, a price-to-earnings-growth ratio of 1.86 and a beta of 0.40. The company’s 50 day moving average is $159.22 and its 200 day moving average is $161.48.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Friday, December 26th were issued a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is 106.52%.

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.