Hantz Financial Services Inc. Sells 3,242 Shares of Philip Morris International Inc. (NYSE:PM)

Hantz Financial Services Inc. decreased its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 4.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,809 shares of the company's stock after selling 3,242 shares during the period. Hantz Financial Services Inc.'s holdings in Philip Morris International were worth $8,040,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. White Lighthouse Investment Management Inc. boosted its holdings in shares of Philip Morris International by 71.4% during the third quarter. White Lighthouse Investment Management Inc. now owns 11,999 shares of the company's stock worth $1,457,000 after acquiring an additional 4,999 shares during the period. Range Financial Group LLC grew its holdings in Philip Morris International by 504.9% in the 4th quarter. Range Financial Group LLC now owns 22,915 shares of the company's stock valued at $2,758,000 after buying an additional 19,127 shares in the last quarter. Accredited Investors Inc. grew its holdings in Philip Morris International by 3,553.3% in the 3rd quarter. Accredited Investors Inc. now owns 206,959 shares of the company's stock valued at $25,125,000 after buying an additional 201,294 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in shares of Philip Morris International by 18.9% during the fourth quarter. Park Avenue Securities LLC now owns 100,826 shares of the company's stock worth $12,134,000 after buying an additional 16,035 shares in the last quarter. Finally, CWA Asset Management Group LLC boosted its position in shares of Philip Morris International by 37.5% in the fourth quarter. CWA Asset Management Group LLC now owns 24,200 shares of the company's stock valued at $2,912,000 after acquiring an additional 6,605 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Trading Up 0.3 %

Philip Morris International stock traded up $0.42 during mid-day trading on Thursday, reaching $130.01. The company had a trading volume of 922,335 shares, compared to its average volume of 4,764,929. The business has a fifty day simple moving average of $125.24 and a 200 day simple moving average of $122.63. The company has a market cap of $202.15 billion, a P/E ratio of 20.64, a P/E/G ratio of 2.01 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 Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PM. Stifel Nicolaus reaffirmed a "buy" rating and set 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 assumed coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They issued an "overweight" rating and a $140.00 price target for the company. Barclays reduced their price target 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. JPMorgan Chase & Co. lifted their price objective on Philip Morris International from $125.00 to $145.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. Finally, UBS Group increased their target price on Philip Morris International from $103.00 to $105.00 and gave the stock a "sell" rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target 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.