Cyndeo Wealth Partners LLC Sells 131 Shares of Philip Morris International Inc. (NYSE:PM)

Cyndeo Wealth Partners LLC lessened its position in Philip Morris International Inc. (NYSE:PM) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,616 shares of the company’s stock after selling 131 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Philip Morris International were worth $796,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. White Lighthouse Investment Management Inc. lifted its stake in Philip Morris International by 71.4% in the third quarter. White Lighthouse Investment Management Inc. now owns 11,999 shares of the company’s stock valued at $1,457,000 after acquiring an additional 4,999 shares during the last quarter. Range Financial Group LLC increased its holdings in Philip Morris International by 504.9% in the 4th quarter. Range Financial Group LLC now owns 22,915 shares of the company’s stock valued at $2,758,000 after buying an additional 19,127 shares during the period. Accredited Investors Inc. increased its holdings in Philip Morris International by 3,553.3% in the 3rd quarter. Accredited Investors Inc. now owns 206,959 shares of the company’s stock valued at $25,125,000 after buying an additional 201,294 shares during the period. Park Avenue Securities LLC increased its holdings 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 buying an additional 16,035 shares during the period. Finally, CWA Asset Management Group LLC increased its holdings in Philip Morris International by 37.5% in the 4th quarter. CWA Asset Management Group LLC now owns 24,200 shares of the company’s stock valued at $2,912,000 after buying an additional 6,605 shares during the period. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Performance

NYSE PM opened at $127.28 on Friday. The stock has a 50-day moving average of $125.30 and a 200 day moving average of $121.97. The company has a market capitalization of $197.89 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 2.01 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 business 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 dividend on an annualized basis and a dividend yield of 4.24%. Philip Morris International’s payout ratio is currently 85.71%.

Analysts Set New Price Targets

PM has been the topic of several recent research reports. UBS Group lifted 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 report on Wednesday, October 23rd. Barclays lowered their price objective on shares of 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. Morgan Stanley started coverage on shares of Philip Morris International in a research note on Thursday, January 16th. They set an “overweight” rating and a $140.00 price target for the company. JPMorgan Chase & Co. upped 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 note on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Philip Morris International from $118.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $131.35.

Philip Morris International Company 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.