Daymark Wealth Partners LLC Sells 405 Shares of Philip Morris International Inc. (NYSE:PM)

Daymark Wealth Partners LLC trimmed its holdings in Philip Morris International Inc. (NYSE:PM) by 1.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 24,078 shares of the company’s stock after selling 405 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Philip Morris International were worth $2,898,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Phoenix Wealth Advisors acquired a new position in Philip Morris International during the 4th quarter worth $229,000. Albion Financial Group UT bought a new stake in shares of Philip Morris International during the fourth quarter worth $117,000. Advisory Alpha LLC lifted its stake in shares of Philip Morris International by 6.6% during the fourth quarter. Advisory Alpha LLC now owns 4,658 shares of the company’s stock valued at $561,000 after acquiring an additional 289 shares during the period. Missouri Trust & Investment Co boosted its holdings in Philip Morris International by 5.9% in the fourth quarter. Missouri Trust & Investment Co now owns 2,435 shares of the company’s stock valued at $293,000 after acquiring an additional 135 shares during the last quarter. Finally, Dakota Wealth Management boosted its holdings in Philip Morris International by 0.7% in the fourth quarter. Dakota Wealth Management now owns 23,454 shares of the company’s stock valued at $2,823,000 after acquiring an additional 172 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on PM shares. The Goldman Sachs Group upped their target price on shares of Philip Morris International from $126.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Citigroup lifted their price objective on Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. UBS Group increased their target price on Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a research note on Wednesday, October 23rd. Barclays decreased their target price on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft increased 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 research 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 data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $131.35.

Philip Morris International Stock Performance

Shares of PM opened at $122.91 on Thursday. The firm’s 50 day moving average price is $125.43 and its two-hundred day moving average price is $121.76. 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 cap of $191.11 billion, a P/E ratio of 19.51, a PEG ratio of 2.03 and a beta of 0.54.

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

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 4.39%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s payout ratio is 85.71%.

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.