Philip Morris International Inc. (NYSE:PM) Shares Sold by CENTRAL TRUST Co

CENTRAL TRUST Co trimmed its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 17.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 92,614 shares of the company's stock after selling 20,056 shares during the period. CENTRAL TRUST Co's holdings in Philip Morris International were worth $11,146,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Intergy Private Wealth LLC grew its position in Philip Morris International by 4.3% in the fourth quarter. Intergy Private Wealth LLC now owns 1,959 shares of the company's stock worth $236,000 after acquiring an additional 80 shares during the period. 49 Wealth Management LLC raised its position in Philip Morris International by 3.6% in the third quarter. 49 Wealth Management LLC now owns 2,432 shares of the company's stock valued at $295,000 after purchasing an additional 84 shares during the period. Woodmont Investment Counsel LLC lifted its stake in shares of Philip Morris International by 1.6% in the 3rd quarter. Woodmont Investment Counsel LLC now owns 5,452 shares of the company's stock valued at $662,000 after purchasing an additional 86 shares during the last quarter. YHB Investment Advisors Inc. grew its holdings in shares of Philip Morris International by 4.2% during the 3rd quarter. YHB Investment Advisors Inc. now owns 2,158 shares of the company's stock worth $262,000 after purchasing an additional 87 shares during the period. Finally, Cypress Wealth Services LLC increased its position in shares of Philip Morris International by 1.3% during the 3rd quarter. Cypress Wealth Services LLC now owns 6,748 shares of the company's stock worth $819,000 after purchasing an additional 89 shares during the last quarter. Institutional investors own 78.63% of the company's stock.

Analysts Set New Price Targets

PM has been the subject of a number of recent analyst reports. Citigroup lifted their price target on shares of Philip Morris International from $118.50 to $132.00 and gave the company a "buy" rating in a research report on Tuesday, October 8th. 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 target price on the stock. 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 research note on Wednesday, October 23rd. 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 research note on Wednesday, October 23rd. Finally, Barclays dropped their target price on Philip Morris International from $155.00 to $145.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $131.35.

Philip Morris International Stock Down 0.1 %

NYSE PM traded down $0.16 on Friday, hitting $130.16. 5,331,134 shares of the stock were exchanged, compared to its average volume of 4,484,783. The company has a 50-day moving average price of $125.23 and a 200-day moving average price of $122.98. The company has a market cap of $202.37 billion, a PE ratio of 20.66, a PEG ratio of 2.29 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 Dividend Announcement

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

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.