Symphony Financial Ltd. Co. Sells 13,414 Shares of Philip Morris International Inc. (NYSE:PM)

Symphony Financial Ltd. Co. cut its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 27.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,651 shares of the company's stock after selling 13,414 shares during the quarter. Symphony Financial Ltd. Co.'s holdings in Philip Morris International were worth $4,279,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Intergy Private Wealth LLC increased 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 purchasing an additional 80 shares during the period. 49 Wealth Management LLC boosted its stake in shares of Philip Morris International by 3.6% in the 3rd 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 last quarter. Woodmont Investment Counsel LLC grew its position in shares of Philip Morris International by 1.6% during the 3rd quarter. Woodmont Investment Counsel LLC now owns 5,452 shares of the company's stock worth $662,000 after buying an additional 86 shares during the period. YHB Investment Advisors Inc. raised its stake in shares of Philip Morris International by 4.2% during the third quarter. YHB Investment Advisors Inc. now owns 2,158 shares of the company's stock worth $262,000 after buying an additional 87 shares during the last quarter. Finally, Cypress Wealth Services LLC lifted its holdings in Philip Morris International by 1.3% in the third quarter. Cypress Wealth Services LLC now owns 6,748 shares of the company's stock valued at $819,000 after buying an additional 89 shares during the period. 78.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Stifel Nicolaus reiterated a "buy" rating and set a $145.00 target price (up previously from $138.00) on shares of Philip Morris International in a research report on Wednesday, October 23rd. UBS Group upped their price objective on Philip Morris International from $103.00 to $105.00 and gave the company a "sell" rating in a report on Wednesday, October 23rd. Morgan Stanley began coverage on Philip Morris International in a research note on Thursday, January 16th. They issued an "overweight" rating and a $140.00 price target for the company. JPMorgan Chase & Co. lifted their price objective on shares of Philip Morris International from $125.00 to $145.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 23rd. Finally, Citigroup boosted their price objective 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. 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 stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $131.35.

Philip Morris International Stock Down 0.1 %

PM traded down $0.16 during trading on Friday, hitting $130.16. The company had a trading volume of 5,331,134 shares, compared to its average volume of 4,484,783. The firm's 50-day moving average price is $125.23 and its 200 day moving average price is $122.98. The company has a market capitalization 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 one year low of $87.82 and a one year high of $134.15.

Philip Morris International Announces Dividend

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

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.