Philip Morris International Inc. (NYSE:PM) Shares Sold by Mezzasalma Advisors LLC

Mezzasalma Advisors LLC lessened its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 4.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,860 shares of the company’s stock after selling 85 shares during the quarter. Mezzasalma Advisors LLC’s holdings in Philip Morris International were worth $224,000 at the end of the most recent quarter.

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

Philip Morris International Stock Down 0.6 %

Philip Morris International stock opened at $144.40 on Friday. Philip Morris International Inc. has a 52-week low of $87.82 and a 52-week high of $146.78. The firm has a market capitalization of $224.51 billion, a price-to-earnings ratio of 32.02, a PEG ratio of 2.55 and a beta of 0.55. The firm has a 50-day moving average price of $125.44 and a two-hundred day moving average price of $123.61.

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

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s dividend payout ratio is currently 119.73%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their price objective on Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Stifel Nicolaus boosted their price target on Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a report on Friday. 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 note on Thursday, January 16th. They set an “overweight” rating and a $140.00 target price for the company. Finally, UBS Group raised their price target on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a research report on Friday. One investment 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 data from MarketBeat.com, Philip Morris International currently has a consensus rating of “Moderate Buy” and an average price target of $134.35.

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.