RNC Capital Management LLC Sells 194 Shares of Philip Morris International Inc. (NYSE:PM)

RNC Capital Management LLC lowered its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 1.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 15,672 shares of the company’s stock after selling 194 shares during the period. RNC Capital Management LLC’s holdings in Philip Morris International were worth $1,886,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Valley Wealth Managers Inc. raised its stake in Philip Morris International by 457.5% during the third quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock worth $27,000 after buying an additional 183 shares during the last quarter. Dunhill Financial LLC grew its holdings in Philip Morris International by 203.8% in the third quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock worth $29,000 after purchasing an additional 161 shares during the period. Concord Wealth Partners grew its holdings in Philip Morris International by 2,709.1% in the third quarter. Concord Wealth Partners now owns 309 shares of the company’s stock worth $38,000 after purchasing an additional 298 shares during the period. Asset Dedication LLC grew its holdings in Philip Morris International by 55.5% in the fourth quarter. Asset Dedication LLC now owns 412 shares of the company’s stock worth $50,000 after purchasing an additional 147 shares during the period. Finally, Darwin Wealth Management LLC acquired a new stake in Philip Morris International in the third quarter worth $54,000. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Up 11.0 %

NYSE PM opened at $145.41 on Friday. The company’s 50 day moving average is $125.17 and its 200-day moving average is $123.46. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $146.78. The firm has a market cap of $226.08 billion, a P/E ratio of 23.08, a price-to-earnings-growth ratio of 2.30 and a beta of 0.55.

Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. Equities analysts expect that Philip Morris International Inc. will post 6.5 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is presently 85.71%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Barclays reduced their price objective on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. UBS Group boosted their price target on shares of Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their price target on shares of Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Morgan Stanley assumed coverage on shares of Philip Morris International in a report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price target on the stock. Finally, Stifel Nicolaus restated a “buy” rating and set a $145.00 price target (up from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Philip Morris International currently has a consensus rating of “Moderate Buy” and an average target price of $131.35.

Philip Morris International Profile

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.