Keudell Morrison Wealth Management Sells 799 Shares of Philip Morris International Inc. (NYSE:PM)

Keudell Morrison Wealth Management reduced its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,304 shares of the company’s stock after selling 799 shares during the period. Keudell Morrison Wealth Management’s holdings in Philip Morris International were worth $2,323,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. White Lighthouse Investment Management Inc. raised its stake in Philip Morris International by 71.4% during the 3rd quarter. White Lighthouse Investment Management Inc. now owns 11,999 shares of the company’s stock worth $1,457,000 after buying an additional 4,999 shares during the period. Range Financial Group LLC increased its holdings in shares of Philip Morris International by 504.9% during the fourth quarter. Range Financial Group LLC now owns 22,915 shares of the company’s stock valued at $2,758,000 after acquiring an additional 19,127 shares in the last quarter. Accredited Investors Inc. raised its position in shares of Philip Morris International by 3,553.3% during the third quarter. Accredited Investors Inc. now owns 206,959 shares of the company’s stock worth $25,125,000 after purchasing an additional 201,294 shares during the period. Park Avenue Securities LLC lifted its holdings in shares of Philip Morris International by 18.9% in the 4th quarter. Park Avenue Securities LLC now owns 100,826 shares of the company’s stock worth $12,134,000 after purchasing an additional 16,035 shares in the last quarter. Finally, CWA Asset Management Group LLC grew its position in Philip Morris International by 37.5% in the 4th quarter. CWA Asset Management Group LLC now owns 24,200 shares of the company’s stock valued at $2,912,000 after purchasing an additional 6,605 shares during the period. 78.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on PM shares. Citigroup raised their price objective on shares of Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. UBS Group lifted their price target 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. Stifel Nicolaus reissued a “buy” rating and issued a $145.00 price objective (up from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. Morgan Stanley assumed coverage on Philip Morris International in a research report on Thursday, January 16th. They set an “overweight” rating and a $140.00 target price on the stock. Finally, Barclays lowered their price target 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $131.35.

Philip Morris International Stock Performance

Shares of PM stock opened at $130.32 on Friday. The firm has a market cap of $202.63 billion, a price-to-earnings ratio of 20.69, a P/E/G ratio of 2.29 and a beta of 0.54. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $134.15. The firm’s 50-day simple moving average is $125.22 and its two-hundred day simple moving average is $122.69.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were issued 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 dividend payout ratio (DPR) is currently 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.