Baldwin Wealth Partners LLC MA Sells 5,017 Shares of Philip Morris International Inc. (NYSE:PM)

Baldwin Wealth Partners LLC MA reduced its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 14.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,672 shares of the company’s stock after selling 5,017 shares during the quarter. Baldwin Wealth Partners LLC MA’s holdings in Philip Morris International were worth $3,691,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PM. American Century Companies Inc. grew its holdings in shares of Philip Morris International by 24.5% in the 2nd quarter. American Century Companies Inc. now owns 8,701 shares of the company’s stock valued at $882,000 after acquiring an additional 1,715 shares in the last quarter. AQR Capital Management LLC grew its stake in Philip Morris International by 29.4% in the second quarter. AQR Capital Management LLC now owns 322,043 shares of the company’s stock valued at $32,571,000 after purchasing an additional 73,234 shares in the last quarter. Ascent Group LLC increased its position in shares of Philip Morris International by 3.2% during the 2nd quarter. Ascent Group LLC now owns 46,706 shares of the company’s stock worth $4,733,000 after purchasing an additional 1,463 shares during the last quarter. Forefront Analytics LLC bought a new stake in shares of Philip Morris International during the 2nd quarter worth approximately $278,000. Finally, Doheny Asset Management CA acquired a new stake in shares of Philip Morris International in the 2nd quarter valued at approximately $754,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Price Performance

PM opened at $130.42 on Monday. The company has a market capitalization of $202.78 billion, a PE ratio of 20.69, a price-to-earnings-growth ratio of 2.01 and a beta of 0.54. The business has a fifty day simple moving average of $125.30 and a 200 day simple moving average of $122.25. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $134.15.

Philip Morris International Dividend Announcement

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 $1.35 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 annualized dividend and a dividend yield of 4.14%. Philip Morris International’s dividend payout ratio (DPR) is presently 85.71%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PM. Stifel Nicolaus restated a “buy” rating and set a $145.00 target price (up from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Philip Morris International from $118.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. JPMorgan Chase & Co. boosted their price target on Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. UBS Group raised their price objective on Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a research report on Wednesday, October 23rd. Finally, Barclays decreased their target price on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently 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.