Coastwise Capital Group LLC Sells 2,153 Shares of Philip Morris International Inc. (NYSE:PM)

Coastwise Capital Group LLC trimmed its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 52.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,976 shares of the company's stock after selling 2,153 shares during the quarter. Coastwise Capital Group LLC's holdings in Philip Morris International were worth $238,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in PM. Sanctuary Advisors LLC bought a new stake in Philip Morris International during the second quarter valued at approximately $17,878,000. Anchor Investment Management LLC lifted its holdings in Philip Morris International by 1.0% during the second quarter. Anchor Investment Management LLC now owns 44,493 shares of the company's stock valued at $4,508,000 after purchasing an additional 421 shares in the last quarter. Centaurus Financial Inc. lifted its holdings in Philip Morris International by 35.6% during the second quarter. Centaurus Financial Inc. now owns 13,333 shares of the company's stock valued at $1,351,000 after purchasing an additional 3,500 shares in the last quarter. Passive Capital Management LLC. purchased a new position in Philip Morris International during the second quarter valued at approximately $211,000. Finally, First Financial Bank Trust Division lifted its holdings in Philip Morris International by 3.9% during the third quarter. First Financial Bank Trust Division now owns 2,524 shares of the company's stock valued at $306,000 after purchasing an additional 95 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Stock Down 0.1 %

Philip Morris International stock traded down $0.16 during mid-day trading on Friday, reaching $130.16. 5,331,134 shares of the company's stock traded hands, compared to its average volume of 4,484,783. The company has a market cap of $202.37 billion, a price-to-earnings ratio of 20.66, a PEG ratio of 2.29 and a beta of 0.54. The stock has a 50 day moving average of $125.23 and a two-hundred day moving average of $122.86. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $134.15.

Philip Morris International Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International's payout ratio is 85.71%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Barclays lowered their price target on shares of Philip Morris International from $155.00 to $145.00 and set an "overweight" rating on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. lifted their price target on shares of Philip Morris International from $125.00 to $145.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. 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 report on Tuesday, October 8th. Morgan Stanley began coverage on shares of Philip Morris International in a report on Thursday, January 16th. They issued an "overweight" rating and a $140.00 target price on the stock. Finally, Stifel Nicolaus reissued a "buy" rating and issued a $145.00 target price (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 assigned a buy rating to the company. According to MarketBeat, Philip Morris International has a consensus rating of "Moderate Buy" and an average target price 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.