Foster Victor Wealth Advisors LLC Lowers Stock Position in Philip Morris International Inc. (NYSE:PM)

Foster Victor Wealth Advisors LLC trimmed its stake in Philip Morris International Inc. (NYSE:PM) by 20.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 117,473 shares of the company’s stock after selling 29,921 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in Philip Morris International were worth $14,284,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in PM. American Century Companies Inc. increased its stake in 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 purchasing an additional 1,715 shares during the period. Magnolia Capital Advisors LLC acquired a new position in shares of Philip Morris International in the second quarter valued at approximately $211,000. Sunbelt Securities Inc. increased its stake in Philip Morris International by 24.8% during the 2nd 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 period. Invst LLC lifted its holdings in Philip Morris International by 8.9% during the 2nd quarter. Invst LLC now owns 4,689 shares of the company’s stock worth $475,000 after buying an additional 384 shares in the last quarter. Finally, Quarry LP boosted its position in Philip Morris International by 79.0% in the 2nd quarter. Quarry LP now owns 1,586 shares of the company’s stock valued at $161,000 after buying an additional 700 shares during the period. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PM has been the topic of a number of recent research reports. Morgan Stanley initiated coverage on Philip Morris International in a research report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective on the stock. Citigroup upped their price target on Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Barclays decreased their price objective on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. UBS Group upped their target price on shares of Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a research note on Wednesday, October 23rd. Finally, 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 report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $131.35.

Philip Morris International Stock Down 1.1 %

Shares of Philip Morris International stock opened at $129.06 on Wednesday. The firm has a market capitalization of $200.66 billion, a P/E ratio of 20.49, a P/E/G ratio of 2.01 and a beta of 0.54. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $134.15. The firm’s 50 day moving average is $125.26 and its two-hundred day moving average is $122.59.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is 85.71%.

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.