Burns Matteson Capital Management LLC Sells 80 Shares of Philip Morris International Inc. (NYSE:PM)

Burns Matteson Capital Management LLC trimmed its holdings in Philip Morris International Inc. (NYSE:PM) by 1.6% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 5,063 shares of the company’s stock after selling 80 shares during the quarter. Burns Matteson Capital Management LLC’s holdings in Philip Morris International were worth $609,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Valley Wealth Managers Inc. grew its stake in shares of Philip Morris International by 457.5% in the third quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock worth $27,000 after acquiring an additional 183 shares during the period. Dunhill Financial LLC lifted its position in Philip Morris International by 203.8% during the third quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock valued at $29,000 after purchasing an additional 161 shares during the period. Concord Wealth Partners boosted 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 last quarter. Asset Dedication LLC grew its position in Philip Morris International by 55.5% in the 4th 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 purchased a new stake in Philip Morris International during the 3rd quarter valued at $54,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Analysts Set New Price Targets

PM has been the topic of a number of research reports. Barclays dropped their price target 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 boosted their price target on Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Friday. Morgan Stanley started coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price target for the company. UBS Group raised their target price on Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a report on Friday. 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 report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $134.35.

Philip Morris International Trading Down 0.6 %

NYSE:PM opened at $144.40 on Monday. Philip Morris International Inc. has a 12 month low of $87.82 and a 12 month high of $146.78. The business’s 50-day moving average is $125.66 and its 200 day moving average is $123.97. The company has a market capitalization of $224.51 billion, a P/E ratio of 32.02, a P/E/G ratio of 2.55 and a beta of 0.55.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts forecast 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. Shareholders of record on Thursday, December 26th were paid a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 annualized dividend and a yield of 3.74%. Philip Morris International’s payout ratio is currently 119.73%.

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.