Philip Morris International Inc. (NYSE:PM) Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN lowered its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 15.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 43,021 shares of the company's stock after selling 7,626 shares during the period. OLD National Bancorp IN's holdings in Philip Morris International were worth $5,178,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PM. Valley Wealth Managers Inc. lifted its position in 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 in the last quarter. Dunhill Financial LLC increased its stake in shares of Philip Morris International by 203.8% in the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company's stock worth $29,000 after acquiring an additional 161 shares during the last quarter. Concord Wealth Partners raised its holdings in shares of Philip Morris International by 2,709.1% during the 3rd quarter. Concord Wealth Partners now owns 309 shares of the company's stock worth $38,000 after acquiring an additional 298 shares during the period. Asset Dedication LLC boosted its position in shares of Philip Morris International by 55.5% during the 4th quarter. Asset Dedication LLC now owns 412 shares of the company's stock valued at $50,000 after acquiring an additional 147 shares during the last quarter. Finally, Darwin Wealth Management LLC purchased a new stake in shares of Philip Morris International in the third quarter valued at about $54,000. Institutional investors and hedge funds own 78.63% of the company's stock.

Philip Morris International Trading Down 0.1 %

Philip Morris International stock traded down $0.16 during midday trading on Friday, reaching $130.16. 5,331,134 shares of the stock traded hands, compared to its average volume of 4,484,783. The firm has a market cap of $202.37 billion, a PE ratio of 20.66, a price-to-earnings-growth ratio of 2.29 and a beta of 0.54. The company has a 50-day simple moving average of $125.23 and a two-hundred day simple moving average of $122.98. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $134.15.

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 4.15%. The ex-dividend date was Thursday, December 26th. Philip Morris International's payout ratio is currently 85.71%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Stifel Nicolaus reaffirmed a "buy" rating and set a $145.00 target price (up from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. Morgan Stanley began coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They set an "overweight" rating and a $140.00 price target on the stock. UBS Group increased their price objective 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. 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 research report on Wednesday, January 8th. Finally, Citigroup increased their price target on Philip Morris International from $118.50 to $132.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. One equities research 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 MarketBeat.com, the stock currently has a consensus 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.