Schechter Investment Advisors LLC Sells 2,628 Shares of Philip Morris International Inc. (NYSE:PM)

Schechter Investment Advisors LLC cut its stake in shares of Philip Morris International Inc. (NYSE:PMGet Rating) by 11.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 20,312 shares of the company’s stock after selling 2,628 shares during the period. Schechter Investment Advisors LLC’s holdings in Philip Morris International were worth $1,686,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Fairfield Bush & CO. raised its stake in shares of Philip Morris International by 1.1% during the first quarter. Fairfield Bush & CO. now owns 26,141 shares of the company’s stock worth $2,456,000 after acquiring an additional 281 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Philip Morris International by 35.6% during the first quarter. American Century Companies Inc. now owns 4,939 shares of the company’s stock worth $463,000 after acquiring an additional 1,296 shares in the last quarter. Loomis Sayles & Co. L P raised its stake in shares of Philip Morris International by 24.7% during the first quarter. Loomis Sayles & Co. L P now owns 3,065 shares of the company’s stock worth $288,000 after acquiring an additional 608 shares in the last quarter. Covestor Ltd raised its stake in shares of Philip Morris International by 54.9% during the first quarter. Covestor Ltd now owns 525 shares of the company’s stock worth $49,000 after acquiring an additional 186 shares in the last quarter. Finally, Mather Group LLC. raised its stake in shares of Philip Morris International by 14.7% during the first quarter. Mather Group LLC. now owns 8,987 shares of the company’s stock worth $844,000 after acquiring an additional 1,154 shares in the last quarter. 75.85% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. Morgan Stanley lifted their price target on shares of Philip Morris International from $102.00 to $109.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 2nd. StockNews.com downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a research note on Thursday, November 24th. Credit Suisse Group decreased their target price on shares of Philip Morris International to $95.00 in a research note on Thursday, October 27th. The Goldman Sachs Group raised shares of Philip Morris International from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $95.00 to $120.00 in a research note on Wednesday. Finally, Stifel Nicolaus decreased their target price on shares of Philip Morris International from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, October 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $109.42.

Philip Morris International Stock Up 0.1 %

NYSE:PM opened at $101.30 on Wednesday. The stock has a market cap of $157.04 billion, a P/E ratio of 18.06, a price-to-earnings-growth ratio of 3.44 and a beta of 0.68. The firm’s fifty day simple moving average is $100.69 and its 200 day simple moving average is $95.68. Philip Morris International Inc. has a twelve month low of $82.85 and a twelve month high of $112.48.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 11th. Stockholders of record on Thursday, December 22nd were issued a dividend of $1.27 per share. This represents a $5.08 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date of this dividend was Wednesday, December 21st. Philip Morris International’s dividend payout ratio (DPR) is presently 90.55%.

About Philip Morris International

(Get Rating)

Philip Morris International, Inc is a holding company engaged in the manufacturing and sale of cigarettes, tobacco, and nicotine-containing products. Its products include cigarettes and reduced-risk products, including heat-not-burn, vapor, and oral nicotine products, which are sold in markets outside the U.S.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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