Koshinski Asset Management Inc. Lowers Stock Position in Philip Morris International Inc. (NYSE:PM)

Koshinski Asset Management Inc. decreased its position in Philip Morris International Inc. (NYSE:PM) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,172 shares of the company’s stock after selling 176 shares during the period. Koshinski Asset Management Inc.’s holdings in Philip Morris International were worth $1,465,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Valley Wealth Managers Inc. increased 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 purchasing an additional 183 shares in the last quarter. Dunhill Financial LLC grew its holdings 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 increased its position 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 in the last quarter. Darwin Wealth Management LLC acquired a new position in shares of Philip Morris International during the 3rd quarter worth approximately $54,000. Finally, Retirement Wealth Solutions LLC purchased a new position in shares of Philip Morris International during the 4th quarter valued at approximately $54,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Stock Up 1.8 %

Shares of PM opened at $123.78 on Wednesday. The company has a market cap of $192.46 billion, a P/E ratio of 19.65, a PEG ratio of 1.99 and a beta of 0.54. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $134.15. The firm’s 50 day moving average price is $125.44 and its 200 day moving average price is $121.61.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data 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. The business had revenue of $9.91 billion for the quarter, compared to analyst estimates 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 earnings per share. Research analysts forecast that Philip Morris International Inc. will post 6.5 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were issued a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 annualized dividend and a yield of 4.36%. Philip Morris International’s dividend payout ratio (DPR) is 85.71%.

Wall Street Analyst Weigh In

PM has been the subject of a number of research analyst reports. Barclays reduced 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 research report on Wednesday, January 8th. Morgan Stanley began coverage on shares of Philip Morris International in a research note on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price target on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on Philip Morris International from $118.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Citigroup increased their target price on Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $145.00 price target (up from $138.00) on shares of Philip Morris International in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Philip Morris International currently has a consensus rating of “Moderate Buy” and an average 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.