Alliance Wealth Advisors LLC Sells 111 Shares of Philip Morris International Inc. (NYSE:PM)

Alliance Wealth Advisors LLC lowered its position in shares of Philip Morris International Inc. (NYSE:PM) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,901 shares of the company’s stock after selling 111 shares during the period. Alliance Wealth Advisors LLC’s holdings in Philip Morris International were worth $1,192,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in PM. Investment Advisory Services Inc. TX ADV grew its holdings in shares of Philip Morris International by 3.2% during the fourth quarter. Investment Advisory Services Inc. TX ADV now owns 2,510 shares of the company’s stock worth $302,000 after buying an additional 78 shares during the last quarter. Intergy Private Wealth LLC boosted its holdings in shares of Philip Morris International by 4.3% during the fourth quarter. Intergy Private Wealth LLC now owns 1,959 shares of the company’s stock worth $236,000 after purchasing an additional 80 shares during the last quarter. 49 Wealth Management LLC increased its stake in Philip Morris International by 3.6% in the third quarter. 49 Wealth Management LLC now owns 2,432 shares of the company’s stock valued at $295,000 after purchasing an additional 84 shares during the last quarter. Woodmont Investment Counsel LLC grew its holdings in Philip Morris International by 1.6% in the 3rd quarter. Woodmont Investment Counsel LLC now owns 5,452 shares of the company’s stock valued at $662,000 after buying an additional 86 shares during the period. Finally, Sargent Investment Group LLC increased its stake in shares of Philip Morris International by 2.2% during the 4th quarter. Sargent Investment Group LLC now owns 3,972 shares of the company’s stock valued at $467,000 after acquiring an additional 86 shares during the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PM has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their target price on shares of Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Morgan Stanley initiated coverage on Philip Morris International in a research report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 target price on the stock. 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. UBS Group lifted their target price on shares of Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a report on Friday. Finally, Stifel Nicolaus lifted their price target on Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $134.35.

Philip Morris International Trading Down 0.6 %

Shares of NYSE PM opened at $144.40 on Friday. The firm has a market cap of $224.51 billion, a PE ratio of 32.02, a PEG ratio of 2.55 and a beta of 0.55. The company has a fifty day moving average price of $125.66 and a 200 day moving average price of $123.87. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $146.78.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a net margin of 9.24% and a negative return on equity of 120.08%. Equities research analysts forecast that Philip Morris International Inc. will post 7.11 EPS for the current year.

Philip Morris International Announces Dividend

The business 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. The ex-dividend date was Thursday, December 26th. This represents a $5.40 annualized dividend and a yield of 3.74%. Philip Morris International’s payout ratio is presently 119.73%.

Philip Morris International Company 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.