Atlas Private Wealth Advisors Sells 5,688 Shares of Philip Morris International Inc. $PM

Atlas Private Wealth Advisors cut its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 68.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,598 shares of the company’s stock after selling 5,688 shares during the quarter. Atlas Private Wealth Advisors’ holdings in Philip Morris International were worth $421,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Brighton Jones LLC lifted its position in shares of Philip Morris International by 31.1% in the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock worth $1,027,000 after buying an additional 2,023 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of Philip Morris International by 4.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock valued at $252,000 after purchasing an additional 91 shares during the last quarter. Sivia Capital Partners LLC increased its position in Philip Morris International by 53.7% during the second quarter. Sivia Capital Partners LLC now owns 5,636 shares of the company’s stock valued at $1,027,000 after acquiring an additional 1,970 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of Philip Morris International by 44.7% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 388,372 shares of the company’s stock worth $70,734,000 after purchasing an additional 119,956 shares during the period. Finally, Tower View Wealth Management LLC boosted its position in shares of Philip Morris International by 34.2% during the second quarter. Tower View Wealth Management LLC now owns 35,159 shares of the company’s stock valued at $6,404,000 after buying an additional 8,958 shares during the period. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Performance

Philip Morris International stock opened at $179.42 on Friday. The stock has a market capitalization of $279.29 billion, a P/E ratio of 32.50, a P/E/G ratio of 1.92 and a beta of 0.40. The company’s fifty day moving average price is $161.53 and its 200 day moving average price is $161.56. Philip Morris International Inc. has a 1 year low of $128.25 and a 1 year high of $186.69.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Friday, December 26th were given a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Friday, December 26th. Philip Morris International’s dividend payout ratio is 106.52%.

Analyst Ratings Changes

PM has been the subject of several research reports. The Goldman Sachs Group reissued a “buy” rating on shares of Philip Morris International in a research report on Wednesday, October 22nd. Barclays cut their price target on Philip Morris International from $220.00 to $180.00 and set an “overweight” rating on the stock in a report on Monday, November 17th. Stifel Nicolaus set a $180.00 price objective on shares of Philip Morris International in a research report on Tuesday, October 21st. Jefferies Financial Group cut Philip Morris International from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $220.00 to $180.00 in a research report on Tuesday, January 20th. Finally, Morgan Stanley set a $175.00 target price on shares of Philip Morris International and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $184.56.

Philip Morris International 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.