Philip Morris International Inc. (NYSE:PM) Shares Sold by Vista Investment Partners LLC

Vista Investment Partners LLC trimmed its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 17.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,418 shares of the company’s stock after selling 1,602 shares during the quarter. Vista Investment Partners LLC’s holdings in Philip Morris International were worth $893,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of PM. Valley Wealth Managers Inc. raised its stake in shares of 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 acquiring an additional 183 shares during the period. Dunhill Financial LLC raised its position 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 lifted its stake in Philip Morris International by 2,709.1% during the third quarter. Concord Wealth Partners now owns 309 shares of the company’s stock worth $38,000 after purchasing an additional 298 shares in the last quarter. Darwin Wealth Management LLC acquired a new position in Philip Morris International during the third quarter worth $54,000. Finally, Retirement Wealth Solutions LLC purchased a new position in shares of Philip Morris International during the fourth quarter worth $54,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Trading Up 1.5 %

Philip Morris International stock opened at $127.28 on Friday. The stock has a market cap of $197.89 billion, a P/E ratio of 20.20, a price-to-earnings-growth ratio of 2.01 and a beta of 0.54. The company has a fifty day simple moving average of $125.30 and a 200-day simple moving average of $121.97. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $134.15.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were given a dividend of $1.35 per share. The ex-dividend date was Thursday, December 26th. This represents a $5.40 annualized dividend and a dividend yield of 4.24%. Philip Morris International’s dividend payout ratio is currently 85.71%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PM. UBS Group increased their target price on Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a research note on Wednesday, October 23rd. Stifel Nicolaus reissued a “buy” rating and set a $145.00 price target (up previously from $138.00) on shares of Philip Morris International in a research report on Wednesday, October 23rd. Barclays dropped their price objective on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Morgan Stanley assumed coverage on shares of Philip Morris International in a research note on Thursday, January 16th. They set an “overweight” rating and a $140.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Philip Morris International from $118.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has a consensus 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.