Traynor Capital Management Inc. Sells 114 Shares of Philip Morris International Inc. (NYSE:PM)

Traynor Capital Management Inc. cut its stake in shares of Philip Morris International Inc. (NYSE:PM) by 2.2% during the 4th quarter, HoldingsChannel reports. The firm owned 5,123 shares of the company’s stock after selling 114 shares during the period. Traynor Capital Management Inc.’s holdings in Philip Morris International were worth $617,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Valley Wealth Managers Inc. increased its stake in shares of Philip Morris International by 457.5% in the third 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 increased 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 valued at $29,000 after acquiring an additional 161 shares during the period. Concord Wealth Partners raised its stake in shares of Philip Morris International by 2,709.1% during the third quarter. Concord Wealth Partners now owns 309 shares of the company’s stock valued at $38,000 after acquiring an additional 298 shares during the last quarter. Darwin Wealth Management LLC acquired a new position in shares of Philip Morris International during the third quarter worth $54,000. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Philip Morris International in the fourth quarter worth $54,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $145.00 target price (up from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. The Goldman Sachs Group raised their price target on shares of Philip Morris International from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Morgan Stanley assumed coverage on shares of Philip Morris International in a research note on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective on the stock. Deutsche Bank Aktiengesellschaft boosted 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. Finally, UBS Group increased their price target on Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Philip Morris International currently has a consensus rating of “Moderate Buy” and an average price target of $131.35.

Philip Morris International Stock Down 0.7 %

Shares of NYSE:PM opened at $122.91 on Thursday. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $134.15. The stock’s 50 day moving average is $125.43 and its 200-day moving average is $121.76. The firm has a market capitalization of $191.11 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 2.03 and a beta of 0.54.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.09. The firm had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.68 billion. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period last year, the firm earned $1.67 earnings per share. Equities research analysts anticipate that Philip Morris International Inc. will post 6.5 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were paid a dividend of $1.35 per share. The ex-dividend date was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a yield of 4.39%. Philip Morris International’s dividend payout ratio (DPR) is currently 85.71%.

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.