RFP Financial Group LLC Has $732,000 Stock Holdings in Philip Morris International Inc. (NYSE:PM)

RFP Financial Group LLC decreased its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 49.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,083 shares of the company's stock after selling 5,975 shares during the quarter. RFP Financial Group LLC's holdings in Philip Morris International were worth $732,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. White Lighthouse Investment Management Inc. grew its holdings in shares of Philip Morris International by 71.4% during the third quarter. White Lighthouse Investment Management Inc. now owns 11,999 shares of the company's stock worth $1,457,000 after purchasing an additional 4,999 shares during the last quarter. Range Financial Group LLC lifted its position in Philip Morris International by 504.9% during the 4th quarter. Range Financial Group LLC now owns 22,915 shares of the company's stock worth $2,758,000 after buying an additional 19,127 shares in the last quarter. Accredited Investors Inc. grew its holdings in Philip Morris International by 3,553.3% during the 3rd quarter. Accredited Investors Inc. now owns 206,959 shares of the company's stock worth $25,125,000 after acquiring an additional 201,294 shares during the last quarter. Park Avenue Securities LLC increased its position in Philip Morris International by 18.9% in the 4th quarter. Park Avenue Securities LLC now owns 100,826 shares of the company's stock valued at $12,134,000 after acquiring an additional 16,035 shares in the last quarter. Finally, CWA Asset Management Group LLC raised its stake in shares of Philip Morris International by 37.5% in the fourth quarter. CWA Asset Management Group LLC now owns 24,200 shares of the company's stock worth $2,912,000 after acquiring an additional 6,605 shares during the last quarter. Institutional investors own 78.63% of the company's stock.

Philip Morris International Price Performance

Shares of Philip Morris International stock traded down $0.92 during trading on Friday, hitting $144.40. 7,207,465 shares of the company were exchanged, compared to its average volume of 5,552,923. The firm has a market capitalization of $224.51 billion, a P/E ratio of 32.02, a price-to-earnings-growth ratio of 2.55 and a beta of 0.55. The firm's fifty day moving average price is $125.66 and its 200 day moving average price is $123.97. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $146.78.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.49 by $0.06. Philip Morris International had a net margin of 9.24% and a negative return on equity of 120.08%. As a group, equities research analysts anticipate that Philip Morris International Inc. will post 7.11 earnings per share for the current year.

Philip Morris International Announces Dividend

The firm also recently disclosed 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 3.74%. The ex-dividend date was Thursday, December 26th. Philip Morris International's payout ratio is presently 119.73%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Stifel Nicolaus increased their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the company a "buy" rating in a research note on Friday. UBS Group increased their price objective on Philip Morris International from $105.00 to $120.00 and gave the company a "sell" rating in a research report on Friday. 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. JPMorgan Chase & Co. raised their price target on Philip Morris International from $125.00 to $145.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. Finally, Morgan Stanley initiated coverage on Philip Morris International in a report on Thursday, January 16th. They set an "overweight" rating and a $140.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $134.35.

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.