Koshinski Asset Management Inc. decreased its holdings in shares of Philip Morris International Inc. (NYSE:PM – Get Rating) by 2.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,704 shares of the company's stock after selling 235 shares during the quarter. Koshinski Asset Management Inc.'s holdings in Philip Morris International were worth $972,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Campbell Wealth Management grew its stake in Philip Morris International by 3.8% in the first quarter. Campbell Wealth Management now owns 2,708 shares of the company's stock worth $254,000 after purchasing an additional 100 shares during the period. Citizens Financial Group Inc RI grew its stake in Philip Morris International by 0.5% in the first quarter. Citizens Financial Group Inc RI now owns 20,990 shares of the company's stock worth $1,997,000 after purchasing an additional 102 shares during the period. Core Alternative Capital grew its stake in Philip Morris International by 10.7% in the second quarter. Core Alternative Capital now owns 1,059 shares of the company's stock worth $105,000 after purchasing an additional 102 shares during the period. FSB Premier Wealth Management Inc. grew its stake in Philip Morris International by 4.5% in the second quarter. FSB Premier Wealth Management Inc. now owns 2,462 shares of the company's stock worth $243,000 after purchasing an additional 106 shares during the period. Finally, Sage Rhino Capital LLC grew its stake in shares of Philip Morris International by 3.9% in the second quarter. Sage Rhino Capital LLC now owns 2,904 shares of the company's stock worth $287,000 after acquiring an additional 110 shares during the last quarter. Institutional investors and hedge funds own 75.85% of the company's stock.

Philip Morris International Stock Performance

PM stock opened at $101.21 on Friday. Philip Morris International Inc. has a fifty-two week low of $82.85 and a fifty-two week high of $112.48. The business's 50-day moving average is $97.16 and its two-hundred day moving average is $95.44. The company has a market cap of $156.90 billion, a price-to-earnings ratio of 18.04, a P/E/G ratio of 3.48 and a beta of 0.70.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 11th. Shareholders of record on Thursday, December 22nd will be given a dividend of $1.27 per share. This represents a $5.08 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date of this dividend is Wednesday, December 21st. Philip Morris International's dividend payout ratio (DPR) is presently 90.55%.

Analyst Ratings Changes

PM has been the topic of a number of recent research reports. StockNews.com cut Philip Morris International from a "buy" rating to a "hold" rating in a research note on Thursday, November 24th. Argus raised Philip Morris International from a "hold" rating to a "buy" rating and set a $110.00 target price on the stock in a research note on Tuesday, November 15th. Credit Suisse Group cut their target price on Philip Morris International to $95.00 in a research note on Thursday, October 27th. Stifel Nicolaus cut their target price on 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. Finally, Morgan Stanley upped their price target on Philip Morris International from $102.00 to $109.00 and gave the company an "overweight" rating in a report on Wednesday, November 2nd. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $107.64.

Philip Morris International Profile

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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 that are sold in markets outside the United States.

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