Philip Morris International Inc. $PM Shares Sold by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC trimmed its stake in shares of Philip Morris International Inc. (NYSE:PM) by 19.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,768 shares of the company’s stock after selling 11,644 shares during the period. Foundations Investment Advisors LLC’s holdings in Philip Morris International were worth $7,748,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of PM. Legacy Investment Solutions LLC acquired a new position in Philip Morris International during the second quarter worth $25,000. Traub Capital Management LLC purchased a new position in shares of Philip Morris International in the second quarter valued at $25,000. Marquette Asset Management LLC raised its stake in shares of Philip Morris International by 1,677.8% during the 3rd quarter. Marquette Asset Management LLC now owns 160 shares of the company’s stock worth $26,000 after buying an additional 151 shares during the last quarter. Estabrook Capital Management purchased a new stake in shares of Philip Morris International in the 2nd quarter worth about $30,000. Finally, Briaud Financial Planning Inc boosted its position in shares of Philip Morris International by 266.7% in the 2nd quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock worth $30,000 after buying an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Performance

Shares of PM opened at $177.97 on Friday. Philip Morris International Inc. has a fifty-two week low of $128.25 and a fifty-two week high of $186.69. The company has a market capitalization of $277.04 billion, a PE ratio of 32.24, a price-to-earnings-growth ratio of 1.92 and a beta of 0.40. The stock has a fifty day moving average of $161.05 and a two-hundred day moving average of $161.57.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th were paid a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Friday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is presently 106.52%.

Analysts Set New Price Targets

A number of brokerages have issued reports on PM. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research report on Thursday, January 22nd. Barclays dropped their price objective on shares of Philip Morris International from $220.00 to $180.00 and set an “overweight” rating for the company in a research note on Monday, November 17th. Morgan Stanley set a $175.00 target price on Philip Morris International and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Stifel Nicolaus set a $180.00 price target on Philip Morris International in a research report on Tuesday, October 21st. Finally, JPMorgan Chase & Co. reduced their price objective on Philip Morris International from $190.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Philip Morris International currently has an average rating of “Moderate Buy” and a consensus target price of $184.56.

Philip Morris International Company Profile

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.