Sound Income Strategies LLC Has $193,000 Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Sound Income Strategies LLC cut its position in shares of Philip Morris International Inc. (NYSE:PM) by 51.1% during the 4th quarter, Holdings Channel reports. The firm owned 1,601 shares of the company’s stock after selling 1,673 shares during the quarter. Sound Income Strategies LLC’s holdings in Philip Morris International were worth $193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. 49 Wealth Management LLC increased its stake in shares of Philip Morris International by 3.6% during the 3rd quarter. 49 Wealth Management LLC now owns 2,432 shares of the company’s stock worth $295,000 after purchasing an additional 84 shares during the last quarter. Woodmont Investment Counsel LLC boosted its holdings in shares of Philip Morris International by 1.6% during the 3rd quarter. Woodmont Investment Counsel LLC now owns 5,452 shares of the company’s stock worth $662,000 after buying an additional 86 shares during the period. YHB Investment Advisors Inc. boosted its holdings in shares of Philip Morris International by 4.2% during the 3rd quarter. YHB Investment Advisors Inc. now owns 2,158 shares of the company’s stock worth $262,000 after buying an additional 87 shares during the period. Cypress Wealth Services LLC boosted its holdings in shares of Philip Morris International by 1.3% during the 3rd quarter. Cypress Wealth Services LLC now owns 6,748 shares of the company’s stock worth $819,000 after buying an additional 89 shares during the period. Finally, Luts & Greenleigh Group Inc. boosted its holdings in shares of Philip Morris International by 1.1% during the 3rd quarter. Luts & Greenleigh Group Inc. now owns 8,448 shares of the company’s stock worth $1,026,000 after buying an additional 89 shares during the period. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on PM shares. Citigroup lifted their target price on shares of Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. lifted their target price on shares of Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Morgan Stanley assumed coverage on shares of Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective for the company. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Philip Morris International from $118.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Finally, UBS Group boosted their price objective on shares of Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Philip Morris International currently has an average rating of “Moderate Buy” and a consensus target price of $131.35.

Philip Morris International Trading Up 1.5 %

Shares of Philip Morris International stock opened at $127.28 on Friday. The company has a 50 day moving average of $125.32 and a 200-day moving average of $121.80. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $134.15. The company has a market cap of $197.89 billion, a PE ratio of 20.20, a price-to-earnings-growth ratio of 2.01 and a beta of 0.54.

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

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is presently 85.71%.

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.