Philip Morris International Inc. (NYSE:PM) Shares Sold by Shepherd Financial Partners LLC

Shepherd Financial Partners LLC reduced its stake in shares of Philip Morris International Inc. (NYSE:PM) by 10.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,025 shares of the company’s stock after selling 231 shares during the quarter. Shepherd Financial Partners LLC’s holdings in Philip Morris International were worth $244,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Intergy Private Wealth LLC boosted its stake in Philip Morris International by 4.3% during the 4th quarter. Intergy Private Wealth LLC now owns 1,959 shares of the company’s stock valued at $236,000 after purchasing an additional 80 shares during the last quarter. 49 Wealth Management LLC boosted its position in shares of Philip Morris International by 3.6% during the third quarter. 49 Wealth Management LLC now owns 2,432 shares of the company’s stock valued at $295,000 after buying an additional 84 shares during the last quarter. Woodmont Investment Counsel LLC raised its position in Philip Morris International by 1.6% in the 3rd quarter. Woodmont Investment Counsel LLC now owns 5,452 shares of the company’s stock valued at $662,000 after buying an additional 86 shares during the last quarter. Sargent Investment Group LLC lifted its stake in Philip Morris International by 2.2% during the 4th quarter. Sargent Investment Group LLC now owns 3,972 shares of the company’s stock valued at $467,000 after acquiring an additional 86 shares in the last quarter. Finally, YHB Investment Advisors Inc. boosted its holdings in Philip Morris International by 4.2% during the 3rd quarter. YHB Investment Advisors Inc. now owns 2,158 shares of the company’s stock worth $262,000 after acquiring an additional 87 shares during the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PM. JPMorgan Chase & Co. upped their target price on Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Stifel Nicolaus raised their target price on Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Friday. UBS Group boosted their price target on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a report on Friday. Morgan Stanley began coverage on shares of Philip Morris International in a report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective for the company. Finally, Barclays dropped their target price on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Philip Morris International currently has an average rating of “Moderate Buy” and a consensus target price of $134.35.

Philip Morris International Stock Performance

NYSE:PM opened at $144.40 on Friday. The firm has a market cap of $224.51 billion, a P/E ratio of 22.92, a P/E/G ratio of 2.30 and a beta of 0.55. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $146.78. The firm has a 50-day simple moving average of $125.44 and a two-hundred day simple moving average of $123.61.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.49 by $0.06. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. On average, equities research analysts predict that Philip Morris International Inc. will post 6.5 EPS for the current year.

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were issued a $1.35 dividend. The ex-dividend date was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a yield of 3.74%. Philip Morris International’s dividend payout ratio is currently 119.73%.

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.