Vanguard Personalized Indexing Management LLC Sells 7,072 Shares of Philip Morris International Inc. $PM

Vanguard Personalized Indexing Management LLC lessened its position in shares of Philip Morris International Inc. (NYSE:PM) by 3.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 196,478 shares of the company’s stock after selling 7,072 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Philip Morris International were worth $31,876,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PM. Legacy Investment Solutions LLC purchased a new stake in shares of Philip Morris International during the 2nd quarter valued at $25,000. Traub Capital Management LLC acquired a new position in Philip Morris International during the 2nd quarter valued at about $25,000. Marquette Asset Management LLC raised its stake in Philip Morris International by 1,677.8% in the third quarter. Marquette Asset Management LLC now owns 160 shares of the company’s stock valued at $26,000 after buying an additional 151 shares during the last quarter. Briaud Financial Planning Inc raised its stake in Philip Morris International by 266.7% in the second quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock valued at $30,000 after buying an additional 120 shares during the last quarter. Finally, Estabrook Capital Management acquired a new stake in Philip Morris International in the second quarter worth about $30,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Stifel Nicolaus set a $180.00 price objective on shares of Philip Morris International in a report on Tuesday, October 21st. Morgan Stanley set a $175.00 price target on shares of Philip Morris International and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Barclays decreased their price target on shares of Philip Morris International from $220.00 to $180.00 and set an “overweight” rating for the company in a report on Monday, November 17th. The Goldman Sachs Group reissued a “buy” rating on shares of Philip Morris International in a report on Wednesday, October 22nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research report on Thursday. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Philip Morris International currently has an average rating of “Moderate Buy” and a consensus price target of $184.56.

Philip Morris International Stock Up 1.8%

PM stock opened at $173.06 on Monday. Philip Morris International Inc. has a 52-week low of $125.53 and a 52-week high of $186.69. The firm has a market cap of $269.39 billion, a P/E ratio of 31.35, a PEG ratio of 1.86 and a beta of 0.40. The company’s 50-day simple moving average is $159.22 and its 200-day simple moving average is $161.37.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Friday, December 26th were given a $1.47 dividend. The ex-dividend date was Friday, December 26th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.4%. Philip Morris International’s payout ratio is 106.52%.

Philip Morris International Profile

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.