Realta Investment Advisors Sells 1,364 Shares of Philip Morris International Inc. (NYSE:PM)

Realta Investment Advisors decreased its holdings in Philip Morris International Inc. (NYSE:PM) by 32.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,796 shares of the company’s stock after selling 1,364 shares during the quarter. Realta Investment Advisors’ holdings in Philip Morris International were worth $341,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new position in Philip Morris International during the fourth quarter worth about $332,000. Beese Fulmer Investment Management Inc. raised its holdings in shares of Philip Morris International by 1.3% in the 4th quarter. Beese Fulmer Investment Management Inc. now owns 112,022 shares of the company’s stock worth $13,482,000 after buying an additional 1,457 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Philip Morris International by 3.8% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 279,575 shares of the company’s stock worth $33,647,000 after buying an additional 10,349 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in Philip Morris International by 2.1% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,113,991 shares of the company’s stock valued at $374,769,000 after buying an additional 63,244 shares in the last quarter. Finally, Tandem Financial LLC bought a new stake in Philip Morris International in the fourth quarter valued at $2,171,000. 78.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PM has been the subject of a number of analyst reports. Barclays cut their price objective on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Stifel Nicolaus restated a “buy” rating and issued a $145.00 price target (up from $138.00) on shares of Philip Morris International in a research report on Wednesday, October 23rd. 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. JPMorgan Chase & Co. boosted their target price on Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, UBS Group increased their price target on Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating 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 given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.35.

Philip Morris International Stock Performance

Shares of PM opened at $145.41 on Friday. The business’s fifty day moving average price is $125.44 and its two-hundred day moving average price is $123.61. The firm has a market capitalization of $226.08 billion, a price-to-earnings ratio of 23.08, a PEG ratio of 2.30 and a beta of 0.55. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $146.78.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (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%. As a group, research analysts forecast that Philip Morris International Inc. will post 6.5 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s dividend payout ratio is 85.71%.

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.