Windward Capital Management Co. CA Reduces Position in Philip Morris International Inc. (NYSE:PM)

Windward Capital Management Co. CA decreased its position in shares of Philip Morris International Inc. (NYSE:PM) by 0.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 33,172 shares of the company’s stock after selling 167 shares during the quarter. Windward Capital Management Co. CA’s holdings in Philip Morris International were worth $3,992,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Valley Wealth Managers Inc. raised its position in Philip Morris International by 457.5% in the 3rd quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock valued at $27,000 after purchasing an additional 183 shares during the last quarter. Dunhill Financial LLC increased its stake in Philip Morris International by 203.8% in the third quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock valued at $29,000 after purchasing an additional 161 shares during the period. Concord Wealth Partners raised its holdings in shares of Philip Morris International by 2,709.1% in the third quarter. Concord Wealth Partners now owns 309 shares of the company’s stock valued at $38,000 after buying an additional 298 shares during the last quarter. Asset Dedication LLC boosted its stake in shares of Philip Morris International by 55.5% during the fourth quarter. Asset Dedication LLC now owns 412 shares of the company’s stock worth $50,000 after buying an additional 147 shares during the period. Finally, Darwin Wealth Management LLC purchased a new position in shares of Philip Morris International during the third quarter worth about $54,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Up 0.0 %

Shares of PM opened at $130.42 on Wednesday. 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 $202.78 billion, a P/E ratio of 20.70, a PEG ratio of 2.30 and a beta of 0.55. The firm’s 50-day moving average is $125.22 and its two-hundred day moving average is $123.24.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 4.14%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s payout ratio is currently 85.71%.

Analysts Set New Price Targets

Several research firms have commented on PM. Morgan Stanley initiated coverage on Philip Morris International in a research note on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective for the company. UBS Group increased their price target on Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Stifel Nicolaus restated a “buy” rating and issued a $145.00 target price (up previously from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. Finally, Citigroup boosted their price target on shares of Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $131.35.

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.