Kingswood Wealth Advisors LLC Sells 12,270 Shares of Philip Morris International Inc. (NYSE:PM)

Kingswood Wealth Advisors LLC lessened its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 64.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,674 shares of the company's stock after selling 12,270 shares during the quarter. Kingswood Wealth Advisors LLC's holdings in Philip Morris International were worth $803,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PM. Valley Wealth Managers Inc. grew its stake in shares of Philip Morris International by 457.5% during the third quarter. Valley Wealth Managers Inc. now owns 223 shares of the company's stock worth $27,000 after buying an additional 183 shares during the last quarter. Dunhill Financial LLC grew its stake in shares of Philip Morris International by 203.8% in the third quarter. Dunhill Financial LLC now owns 240 shares of the company's stock worth $29,000 after purchasing an additional 161 shares during the last quarter. Concord Wealth Partners grew its stake in shares of Philip Morris International by 2,709.1% in the third quarter. Concord Wealth Partners now owns 309 shares of the company's stock worth $38,000 after purchasing an additional 298 shares during the last quarter. Darwin Wealth Management LLC bought a new stake in shares of Philip Morris International in the third quarter worth $54,000. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Philip Morris International in the fourth quarter worth $54,000. Institutional investors own 78.63% of the company's stock.

Philip Morris International Stock Performance

Shares of NYSE PM traded up $0.71 during trading on Wednesday, hitting $129.67. 1,569,243 shares of the company traded hands, compared to its average volume of 4,851,090. The business's fifty day moving average is $125.26 and its 200 day moving average is $122.59. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $134.15. The firm has a market capitalization of $201.61 billion, a price-to-earnings ratio of 20.56, a P/E/G ratio of 2.01 and a beta of 0.54.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were issued a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 annualized dividend and a dividend yield of 4.16%. Philip Morris International's dividend payout ratio is currently 85.71%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. UBS Group boosted their price objective on shares of Philip Morris International from $103.00 to $105.00 and gave the stock a "sell" rating in a research note on Wednesday, October 23rd. Morgan Stanley assumed coverage on shares of Philip Morris International in a research note on Thursday, January 16th. They issued an "overweight" rating and a $140.00 price objective on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Philip Morris International from $125.00 to $145.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 23rd. Stifel Nicolaus reaffirmed a "buy" rating and set a $145.00 price target (up previously from $138.00) on shares of Philip Morris International in a research report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Philip Morris International from $118.00 to $135.00 and gave the company a "buy" rating in a research report on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $131.35.

About Philip Morris International

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.