Philip Morris International Inc. (NYSE:PM) Shares Sold by Koa Wealth Management LLC

Koa Wealth Management LLC lessened its holdings in Philip Morris International Inc. (NYSE:PM) by 3.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 20,896 shares of the company’s stock after selling 784 shares during the period. Philip Morris International accounts for approximately 2.1% of Koa Wealth Management LLC’s holdings, making the stock its 13th largest holding. Koa Wealth Management LLC’s holdings in Philip Morris International were worth $2,515,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. 49 Wealth Management LLC grew its holdings in Philip Morris International by 3.6% in the 3rd quarter. 49 Wealth Management LLC now owns 2,432 shares of the company’s stock valued at $295,000 after buying an additional 84 shares during the period. Woodmont Investment Counsel LLC grew its holdings in Philip Morris International by 1.6% in the third quarter. Woodmont Investment Counsel LLC now owns 5,452 shares of the company’s stock valued at $662,000 after purchasing an additional 86 shares during the period. YHB Investment Advisors Inc. increased 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 purchasing an additional 87 shares during the last quarter. Cypress Wealth Services LLC raised its stake in Philip Morris International by 1.3% during the third quarter. Cypress Wealth Services LLC now owns 6,748 shares of the company’s stock worth $819,000 after purchasing an additional 89 shares during the period. Finally, Luts & Greenleigh Group Inc. boosted its holdings in shares of Philip Morris International by 1.1% in the 3rd quarter. Luts & Greenleigh Group Inc. now owns 8,448 shares of the company’s stock valued at $1,026,000 after purchasing an additional 89 shares during the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Trading Up 0.6 %

NYSE PM opened at $130.32 on Friday. The stock has a market cap of $202.63 billion, a P/E ratio of 20.69, a PEG ratio of 2.29 and a beta of 0.54. The company’s fifty day simple moving average is $125.24 and its 200-day simple moving average is $122.63. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $134.15.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were given a $1.35 dividend. The ex-dividend date was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a yield of 4.14%. Philip Morris International’s payout ratio is currently 85.71%.

Wall Street Analyst Weigh In

PM has been the subject of a number of research analyst reports. UBS Group upped their price objective on Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a report on Wednesday, October 23rd. Citigroup upped their price target on Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Barclays reduced their price objective on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Morgan Stanley initiated coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They set an “overweight” rating and a $140.00 target price for the company. Finally, JPMorgan Chase & Co. lifted their price target on shares of Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Philip Morris International presently has an average rating of “Moderate Buy” and an average 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.