Dynamic Advisor Solutions LLC Sells 4,348 Shares of Philip Morris International Inc. (NYSE:PM)

Dynamic Advisor Solutions LLC lessened its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 16.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,978 shares of the company's stock after selling 4,348 shares during the period. Dynamic Advisor Solutions LLC's holdings in Philip Morris International were worth $2,645,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. State Street Corp lifted its position in Philip Morris International by 0.4% during the third quarter. State Street Corp now owns 54,711,621 shares of the company's stock valued at $6,715,237,000 after buying an additional 224,840 shares during the period. Geode Capital Management LLC increased its stake in shares of Philip Morris International by 2.0% during the third quarter. Geode Capital Management LLC now owns 32,101,324 shares of the company's stock valued at $3,886,818,000 after purchasing an additional 621,034 shares in the last quarter. FMR LLC lifted its holdings in shares of Philip Morris International by 40.9% during the third quarter. FMR LLC now owns 23,168,446 shares of the company's stock valued at $2,812,649,000 after purchasing an additional 6,721,094 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Philip Morris International by 3.0% in the 3rd quarter. Franklin Resources Inc. now owns 13,000,570 shares of the company's stock worth $1,560,752,000 after purchasing an additional 376,406 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Philip Morris International by 57.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 9,241,612 shares of the company's stock worth $1,121,932,000 after buying an additional 3,363,454 shares during the last quarter. Institutional investors own 78.63% of the company's stock.

Philip Morris International Stock Up 1.5 %

NYSE:PM traded up $1.85 during trading hours on Friday, hitting $127.28. 3,685,716 shares of the stock traded hands, compared to its average volume of 3,905,063. The company has a market cap of $197.89 billion, a price-to-earnings ratio of 20.20, a price-to-earnings-growth ratio of 2.01 and a beta of 0.54. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $134.15. The stock has a 50 day moving average price of $125.30 and a 200 day moving average price of $122.11.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 4.24%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International's dividend payout ratio (DPR) is presently 85.71%.

Analysts Set New Price Targets

PM has been the topic of a number of recent research reports. Citigroup increased their target price on Philip Morris International from $118.50 to $132.00 and gave the stock a "buy" rating in a research note 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. Barclays dropped their price objective on Philip Morris International from $155.00 to $145.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 8th. Morgan Stanley initiated coverage on shares of Philip Morris International in a research note on Thursday, January 16th. They set an "overweight" rating and a $140.00 target price on the stock. Finally, UBS Group boosted their price objective on shares of Philip Morris International from $103.00 to $105.00 and gave the company a "sell" rating in a report on Wednesday, October 23rd. One research 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's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $131.35.

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.