Foster Victor Wealth Advisors LLC Has $14.28 Million Holdings in Philip Morris International Inc. (NYSE:PM)

Foster Victor Wealth Advisors LLC decreased its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 20.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,473 shares of the company's stock after selling 29,921 shares during the period. Foster Victor Wealth Advisors LLC's holdings in Philip Morris International were worth $14,284,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. FMR LLC boosted its stake in shares of Philip Morris International by 40.9% in the 3rd 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. Massachusetts Financial Services Co. MA lifted its holdings in Philip Morris International by 57.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 9,241,612 shares of the company's stock valued at $1,121,932,000 after buying an additional 3,363,454 shares during the period. National Bank of Canada FI boosted its stake in Philip Morris International by 161.6% in the third quarter. National Bank of Canada FI now owns 1,943,460 shares of the company's stock valued at $235,936,000 after acquiring an additional 1,200,636 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in Philip Morris International by 14,611.4% in the third quarter. Los Angeles Capital Management LLC now owns 1,173,531 shares of the company's stock valued at $142,467,000 after acquiring an additional 1,165,554 shares during the last quarter. Finally, International Assets Investment Management LLC grew its holdings in Philip Morris International by 13,666.6% during the 3rd quarter. International Assets Investment Management LLC now owns 999,729 shares of the company's stock worth $121,367,000 after acquiring an additional 992,467 shares during the period. Institutional investors own 78.63% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on PM shares. Morgan Stanley assumed coverage on Philip Morris International in a research report on Thursday, January 16th. They issued an "overweight" rating and a $140.00 price target on the stock. Barclays reduced their target price on Philip Morris International from $155.00 to $145.00 and set an "overweight" rating on the stock in a report on Wednesday, January 8th. Citigroup upped their price target on Philip Morris International from $118.50 to $132.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. increased their price target on shares of Philip Morris International from $125.00 to $145.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. Finally, Stifel Nicolaus restated a "buy" rating and set a $145.00 price objective (up previously from $138.00) on shares of Philip Morris International in a 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 issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $131.35.

Philip Morris International Price Performance

Shares of Philip Morris International stock traded down $0.16 on Friday, hitting $130.16. The company had a trading volume of 5,331,134 shares, compared to its average volume of 4,484,783. The stock has a 50-day moving average of $125.23 and a 200-day moving average of $122.86. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $134.15. The firm has a market capitalization of $202.37 billion, a P/E ratio of 20.66, a P/E/G ratio of 2.29 and a beta of 0.54.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date was Thursday, December 26th. Philip Morris International's payout ratio is presently 85.71%.

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.