Country Club Bank Cuts Stake in Philip Morris International Inc. (NYSE:PM)

Country Club Bank lowered its stake in shares of Philip Morris International Inc. (NYSE:PM) by 1.3% in the fourth quarter, Holdings Channel reports. The firm owned 84,068 shares of the company’s stock after selling 1,135 shares during the period. Country Club Bank’s holdings in Philip Morris International were worth $10,089,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. White Lighthouse Investment Management Inc. increased its stake in shares of Philip Morris International by 71.4% during the third quarter. White Lighthouse Investment Management Inc. now owns 11,999 shares of the company’s stock worth $1,457,000 after purchasing an additional 4,999 shares in the last quarter. Range Financial Group LLC increased its stake in shares of Philip Morris International by 504.9% during the fourth quarter. Range Financial Group LLC now owns 22,915 shares of the company’s stock worth $2,758,000 after purchasing an additional 19,127 shares in the last quarter. Accredited Investors Inc. grew its stake in Philip Morris International by 3,553.3% during the 3rd quarter. Accredited Investors Inc. now owns 206,959 shares of the company’s stock valued at $25,125,000 after acquiring an additional 201,294 shares in the last quarter. Park Avenue Securities LLC grew its stake in Philip Morris International by 18.9% during the 4th quarter. Park Avenue Securities LLC now owns 100,826 shares of the company’s stock valued at $12,134,000 after acquiring an additional 16,035 shares in the last quarter. Finally, CWA Asset Management Group LLC raised its holdings in Philip Morris International by 37.5% in the 4th quarter. CWA Asset Management Group LLC now owns 24,200 shares of the company’s stock valued at $2,912,000 after acquiring an additional 6,605 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Up 0.0 %

Shares of Philip Morris International stock opened at $130.42 on Wednesday. The firm has a market cap of $202.78 billion, a PE ratio of 20.70, a price-to-earnings-growth ratio of 2.30 and a beta of 0.55. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $134.15. The business’s fifty day simple moving average is $125.22 and its 200-day simple moving average is $123.24.

Philip Morris International Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have weighed in on PM. Barclays lowered 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. Stifel Nicolaus reissued a “buy” rating and set a $145.00 price objective (up previously from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. Morgan Stanley began coverage on Philip Morris International in a research note on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective on the stock. JPMorgan Chase & Co. boosted their price objective on Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Citigroup boosted their price objective 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. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently 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.