Philip Morris International Inc. $PM Shares Sold by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC lessened its stake in Philip Morris International Inc. (NYSE:PM) by 19.6% during the third quarter, Holdings Channel reports. The firm owned 47,768 shares of the company’s stock after selling 11,644 shares during the period. Foundations Investment Advisors LLC’s holdings in Philip Morris International were worth $7,748,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in PM. Ruffer LLP boosted its holdings in Philip Morris International by 1.0% in the third quarter. Ruffer LLP now owns 95,079 shares of the company’s stock valued at $15,422,000 after acquiring an additional 970 shares during the last quarter. Hollencrest Capital Management raised its holdings in shares of Philip Morris International by 0.6% in the 3rd quarter. Hollencrest Capital Management now owns 122,182 shares of the company’s stock worth $19,818,000 after purchasing an additional 766 shares during the period. AE Wealth Management LLC lifted its stake in shares of Philip Morris International by 4.4% in the 3rd quarter. AE Wealth Management LLC now owns 336,038 shares of the company’s stock valued at $54,505,000 after purchasing an additional 14,132 shares in the last quarter. Financial Security Advisor Inc. grew its holdings in shares of Philip Morris International by 12.5% during the 3rd quarter. Financial Security Advisor Inc. now owns 23,293 shares of the company’s stock worth $3,778,000 after purchasing an additional 2,590 shares during the period. Finally, Activest Wealth Management increased its position in Philip Morris International by 5.6% during the 3rd quarter. Activest Wealth Management now owns 1,488 shares of the company’s stock worth $241,000 after purchasing an additional 79 shares in the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Trading Down 0.3%

NYSE PM opened at $177.97 on Friday. The stock has a market cap of $277.04 billion, a P/E ratio of 32.24, a PEG ratio of 1.92 and a beta of 0.40. The company’s fifty day simple moving average is $161.05 and its 200-day simple moving average is $161.57. Philip Morris International Inc. has a 52 week low of $128.25 and a 52 week high of $186.69.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th were given a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Friday, December 26th. Philip Morris International’s dividend payout ratio is presently 106.52%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PM. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research report on Thursday, January 22nd. Jefferies Financial Group downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating and cut their target price for the company from $220.00 to $180.00 in a research note on Tuesday, January 20th. JPMorgan Chase & Co. decreased their price target 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. Wall Street Zen cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Finally, Morgan Stanley set a $175.00 price objective on Philip Morris International and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $184.56.

Philip Morris International Company 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.