Trek Financial LLC Sells 14,131 Shares of Philip Morris International Inc. $PM

Trek Financial LLC decreased its holdings in Philip Morris International Inc. (NYSE:PM) by 33.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,698 shares of the company’s stock after selling 14,131 shares during the quarter. Trek Financial LLC’s holdings in Philip Morris International were worth $4,655,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its position in shares of Philip Morris International by 31.1% during the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock valued at $1,027,000 after acquiring an additional 2,023 shares during the period. Revolve Wealth Partners LLC raised its position in Philip Morris International by 4.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock valued at $252,000 after purchasing an additional 91 shares during the period. Sivia Capital Partners LLC increased its position in Philip Morris International by 53.7% during the second quarter. Sivia Capital Partners LLC now owns 5,636 shares of the company’s stock valued at $1,027,000 after acquiring an additional 1,970 shares during the last quarter. Sheets Smith Wealth Management raised its position in Philip Morris International by 6.1% in the 2nd quarter. Sheets Smith Wealth Management now owns 2,050 shares of the company’s stock worth $373,000 after purchasing an additional 118 shares during the period. Finally, McAdam LLC raised its holdings in shares of Philip Morris International by 18.6% in the second quarter. McAdam LLC now owns 5,624 shares of the company’s stock worth $1,024,000 after buying an additional 881 shares during the period. Institutional investors own 78.63% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Morgan Stanley set a $175.00 price target on shares of Philip Morris International and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Stifel Nicolaus set a $180.00 target price on Philip Morris International in a research report on Tuesday, October 21st. Wall Street Zen cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Jefferies Financial Group lowered 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 report on Tuesday. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Philip Morris International in a research report on Wednesday, October 22nd. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $184.56.

Philip Morris International Price Performance

Shares of NYSE:PM traded up $3.01 during trading on Friday, hitting $173.06. 5,035,796 shares of the company were exchanged, compared to its average volume of 4,342,027. The firm’s 50 day moving average price is $159.22 and its 200-day moving average price is $161.60. The stock has a market capitalization of $269.39 billion, a P/E ratio of 31.35, a PEG ratio of 1.83 and a beta of 0.40. Philip Morris International Inc. has a 12-month low of $125.53 and a 12-month high of $186.69.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Friday, October 24th. The company reported $2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.14. Philip Morris International had a negative return on equity of 122.14% and a net margin of 9.33%.The firm had revenue of $10.85 billion for the quarter, compared to analyst estimates of $10.67 billion. During the same quarter last year, the company posted $1.91 earnings per share. The business’s revenue was up 9.4% on a year-over-year basis. As a group, equities research analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Friday, December 26th were given a $1.47 dividend. The ex-dividend date was Friday, December 26th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.4%. Philip Morris International’s dividend payout ratio (DPR) is currently 106.52%.

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.