L.M. Kohn & Company Reduces Stake in Philip Morris International Inc. $PM

L.M. Kohn & Company cut its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 55.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 3,418 shares of the company’s stock after selling 4,233 shares during the quarter. L.M. Kohn & Company’s holdings in Philip Morris International were worth $554,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of PM. Legacy Investment Solutions LLC purchased a new stake in Philip Morris International in the second quarter valued at $25,000. Traub Capital Management LLC acquired a new position in shares of Philip Morris International in the 2nd quarter valued at about $25,000. Marquette Asset Management LLC boosted its stake in shares of Philip Morris International by 1,677.8% in the third 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. Briaud Financial Planning Inc grew its holdings in Philip Morris International by 266.7% during the second quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock worth $30,000 after acquiring an additional 120 shares during the period. Finally, Estabrook Capital Management acquired a new stake in Philip Morris International during the second quarter worth about $30,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Trading Up 0.9%

Shares of Philip Morris International stock opened at $179.42 on Friday. Philip Morris International Inc. has a twelve month low of $128.25 and a twelve month high of $186.69. The firm has a market capitalization of $279.29 billion, a PE ratio of 32.50, a P/E/G ratio of 1.92 and a beta of 0.40. The firm’s 50-day moving average price is $161.53 and its 200 day moving average price is $161.56.

Philip Morris International Announces Dividend

The company 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 payout ratio is presently 106.52%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PM. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a report on Thursday, January 22nd. Barclays cut their target price on shares of Philip Morris International from $220.00 to $180.00 and set an “overweight” rating for the company in a report on Monday, November 17th. Stifel Nicolaus set a $180.00 price target on shares of Philip Morris International in a report on Tuesday, October 21st. Jefferies Financial Group lowered shares of Philip Morris International from a “buy” rating to a “hold” rating and dropped their price target for the company from $220.00 to $180.00 in a research report on Tuesday, January 20th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Philip Morris International in a research report on Wednesday, October 22nd. Eleven equities 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, Philip Morris International presently has an average 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.