Graham Capital Wealth Management LLC Sells 89 Shares of Philip Morris International Inc. (NYSE:PM)

Graham Capital Wealth Management LLC cut its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 2.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,935 shares of the company’s stock after selling 89 shares during the quarter. Graham Capital Wealth Management LLC’s holdings in Philip Morris International were worth $353,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Resonant Capital Advisors LLC raised its holdings in shares of Philip Morris International by 3.3% in the 4th quarter. Resonant Capital Advisors LLC now owns 5,017 shares of the company’s stock valued at $611,000 after purchasing an additional 162 shares during the period. Brentview Investment Management LLC bought a new stake in shares of Philip Morris International in the 4th quarter valued at about $4,228,000. Catalina Capital Group LLC raised its holdings in shares of Philip Morris International by 22.3% in the 4th quarter. Catalina Capital Group LLC now owns 5,992 shares of the company’s stock valued at $721,000 after purchasing an additional 1,093 shares during the period. Princeton Global Asset Management LLC raised its holdings in shares of Philip Morris International by 4.0% in the 4th quarter. Princeton Global Asset Management LLC now owns 5,142 shares of the company’s stock valued at $619,000 after purchasing an additional 200 shares during the period. Finally, Chicago Capital LLC bought a new stake in shares of Philip Morris International in the 4th quarter valued at about $224,000. 78.63% of the stock is owned by institutional investors.

Philip Morris International Trading Down 0.1 %

NYSE PM opened at $130.16 on Monday. The firm has a market capitalization of $202.37 billion, a price-to-earnings ratio of 20.66, a P/E/G ratio of 2.30 and a beta of 0.55. The firm’s 50 day simple moving average is $125.23 and its 200 day simple moving average is $123.08. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $134.15.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors 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 85.71%.

Wall Street Analysts Forecast Growth

PM has been the topic of a number of research analyst reports. Barclays dropped their target price on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. UBS Group increased their price target on shares of Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a report on Wednesday, October 23rd. Stifel Nicolaus reissued a “buy” rating and issued a $145.00 price target (up from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. JPMorgan Chase & Co. increased their price target on shares of Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, Morgan Stanley began coverage on shares of Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price target on the stock. 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 stock. According to data from MarketBeat.com, Philip Morris International presently has an average rating of “Moderate Buy” and an average price target 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.