Traynor Capital Management Inc. Sells 114 Shares of Philip Morris International Inc. (NYSE:PM)

Traynor Capital Management Inc. lessened its stake in shares of Philip Morris International Inc. (NYSE:PM) by 2.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,123 shares of the company’s stock after selling 114 shares during the period. Traynor Capital Management Inc.’s holdings in Philip Morris International were worth $617,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of PM. Wesbanco Bank Inc. increased its holdings in Philip Morris International by 0.7% during the fourth quarter. Wesbanco Bank Inc. now owns 27,569 shares of the company’s stock worth $3,318,000 after buying an additional 183 shares during the last quarter. Evolution Wealth Advisors LLC bought a new position in shares of Philip Morris International in the 4th quarter valued at about $275,000. Marino Stram & Associates LLC increased its stake in shares of Philip Morris International by 1.8% during the 4th quarter. Marino Stram & Associates LLC now owns 12,687 shares of the company’s stock worth $1,527,000 after purchasing an additional 222 shares during the last quarter. Magnus Financial Group LLC bought a new stake in shares of Philip Morris International in the 4th quarter valued at about $427,000. Finally, Phoenix Wealth Advisors acquired a new stake in Philip Morris International in the 4th quarter valued at about $229,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Price Performance

Shares of NYSE PM opened at $122.91 on Thursday. The business has a fifty day moving average price of $125.43 and a two-hundred day moving average price of $121.76. The stock has a market capitalization of $191.11 billion, a PE ratio of 19.51, a P/E/G ratio of 2.03 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.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.09. The business had revenue of $9.91 billion during the quarter, compared to the consensus estimate of $9.68 billion. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. Philip Morris International’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.67 earnings per share. On average, equities analysts expect that Philip Morris International Inc. will post 6.5 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is presently 85.71%.

Analyst Ratings Changes

PM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price target on Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. UBS Group raised their price target on Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a report on Wednesday, October 23rd. Citigroup increased 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 report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Philip Morris International from $118.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $145.00 price target (up from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $131.35.

Philip Morris International Company 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.