Philip Morris International Inc. (NYSE:PM) Shares Sold by Harbor Investment Advisory LLC

Harbor Investment Advisory LLC lowered its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 4.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 6,167 shares of the company’s stock after selling 307 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Philip Morris International were worth $742,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. FMR LLC boosted its stake in shares of Philip Morris International by 40.9% during the 3rd quarter. FMR LLC now owns 23,168,446 shares of the company’s stock worth $2,812,649,000 after purchasing an additional 6,721,094 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Philip Morris International by 57.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 9,241,612 shares of the company’s stock worth $1,121,932,000 after acquiring an additional 3,363,454 shares during the last quarter. National Bank of Canada FI grew its stake in Philip Morris International by 161.6% in the 3rd quarter. National Bank of Canada FI now owns 1,943,460 shares of the company’s stock worth $235,936,000 after acquiring an additional 1,200,636 shares during the period. Los Angeles Capital Management LLC raised its holdings in Philip Morris International by 14,611.4% in the 3rd quarter. Los Angeles Capital Management LLC now owns 1,173,531 shares of the company’s stock valued at $142,467,000 after acquiring an additional 1,165,554 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in shares of Philip Morris International by 13,666.6% during the 3rd quarter. International Assets Investment Management LLC now owns 999,729 shares of the company’s stock worth $121,367,000 after purchasing an additional 992,467 shares during the period. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Up 1.8 %

NYSE:PM opened at $123.78 on Wednesday. The firm’s fifty day simple moving average is $125.44 and its 200 day simple moving average is $121.61. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $134.15. The firm has a market capitalization of $192.46 billion, a price-to-earnings ratio of 19.65, a PEG ratio of 1.99 and a beta of 0.54.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.09. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. The company had revenue of $9.91 billion for the quarter, compared to analysts’ expectations of $9.68 billion. During the same quarter in the previous year, the firm posted $1.67 earnings per share. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. On average, analysts predict that Philip Morris International Inc. will post 6.5 earnings per share for the current year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s dividend payout ratio is presently 85.71%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on PM shares. Morgan Stanley initiated coverage on Philip Morris International in a research report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective for the company. Stifel Nicolaus restated a “buy” rating and issued a $145.00 price target (up previously from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. Barclays cut their price objective on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Citigroup boosted their target price on shares of Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Finally, UBS Group increased their price target on shares of Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $131.35.

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.