Philip Morris International Inc. (NYSE:PM) Shares Sold by Cullinan Associates Inc.

Cullinan Associates Inc. lessened its position in shares of Philip Morris International Inc. (NYSE:PM) by 2.3% in the 4th quarter, HoldingsChannel reports. The fund owned 44,220 shares of the company’s stock after selling 1,030 shares during the period. Cullinan Associates Inc.’s holdings in Philip Morris International were worth $5,322,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Valley Wealth Managers Inc. grew its stake in shares of Philip Morris International by 457.5% during the 3rd quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock valued at $27,000 after buying an additional 183 shares during the period. Dunhill Financial LLC lifted its position in Philip Morris International by 203.8% in the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock worth $29,000 after buying an additional 161 shares in the last quarter. Concord Wealth Partners boosted its stake in Philip Morris International by 2,709.1% during the 3rd quarter. Concord Wealth Partners now owns 309 shares of the company’s stock valued at $38,000 after purchasing an additional 298 shares during the period. Asset Dedication LLC lifted its position in shares of Philip Morris International by 55.5% during the 4th quarter. Asset Dedication LLC now owns 412 shares of the company’s stock worth $50,000 after buying an additional 147 shares during the period. Finally, Darwin Wealth Management LLC acquired a new stake in Philip Morris International in the 3rd quarter valued at about $54,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Stock Up 0.1 %

Shares of Philip Morris International stock opened at $130.34 on Tuesday. The firm has a market cap of $202.65 billion, a P/E ratio of 20.69, a P/E/G ratio of 2.30 and a beta of 0.55. The business has a 50-day moving average price of $125.23 and a 200 day moving average price of $123.08. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $134.15.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were issued a $1.35 dividend. The ex-dividend date was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.14%. Philip Morris International’s payout ratio is currently 85.71%.

Analyst Ratings Changes

Several analysts recently issued reports on PM shares. Morgan Stanley began coverage on Philip Morris International in a report on Thursday, January 16th. They set an “overweight” rating and a $140.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on shares of Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. 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 target on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Finally, UBS Group raised their price target on Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock 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.