Oldfield Partners LLP Lowers Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Oldfield Partners LLP decreased its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 36.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,600 shares of the company's stock after selling 3,200 shares during the quarter. Philip Morris International makes up about 0.2% of Oldfield Partners LLP's holdings, making the stock its 22nd largest position. Oldfield Partners LLP's holdings in Philip Morris International were worth $674,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. American Century Companies Inc. grew its holdings in shares of Philip Morris International by 24.5% during the second quarter. American Century Companies Inc. now owns 8,701 shares of the company's stock worth $882,000 after buying an additional 1,715 shares during the last quarter. Magnolia Capital Advisors LLC purchased a new position in shares of Philip Morris International during the second quarter worth about $211,000. Sunbelt Securities Inc. grew its holdings in shares of Philip Morris International by 24.8% during the second quarter. Sunbelt Securities Inc. now owns 5,077 shares of the company's stock worth $514,000 after buying an additional 1,009 shares during the last quarter. Invst LLC lifted its position in Philip Morris International by 8.9% in the second quarter. Invst LLC now owns 4,689 shares of the company's stock valued at $475,000 after purchasing an additional 384 shares during the period. Finally, Quarry LP lifted its position in Philip Morris International by 79.0% in the second quarter. Quarry LP now owns 1,586 shares of the company's stock valued at $161,000 after purchasing an additional 700 shares during the period. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Stock Down 0.1 %

Shares of PM traded down $0.16 during mid-day trading on Friday, reaching $130.16. 5,331,134 shares of the company's stock were exchanged, compared to its average volume of 4,484,783. The company has a 50-day simple moving average of $125.23 and a two-hundred day simple moving average of $122.86. Philip Morris International Inc. has a 52-week low of $87.82 and a 52-week high of $134.15. 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.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were paid 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 dividend yield of 4.15%. Philip Morris International's dividend payout ratio (DPR) is 85.71%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PM. Stifel Nicolaus restated a "buy" rating and issued a $145.00 price objective (up previously from $138.00) on shares of Philip Morris International in a research report on Wednesday, October 23rd. Morgan Stanley began 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 objective for the company. Citigroup raised their price objective 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. Barclays reduced their price objective on shares of 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. Finally, 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 research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.