New York State Common Retirement Fund Sells 119,400 Shares of Philip Morris International Inc. $PM

New York State Common Retirement Fund reduced its position in Philip Morris International Inc. (NYSE:PM) by 6.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,757,400 shares of the company’s stock after selling 119,400 shares during the quarter. New York State Common Retirement Fund owned about 0.11% of Philip Morris International worth $285,050,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Corient Private Wealth LLC lifted its position in shares of Philip Morris International by 1.2% during the 2nd quarter. Corient Private Wealth LLC now owns 490,590 shares of the company’s stock worth $89,354,000 after buying an additional 5,681 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Philip Morris International by 10.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 549,481 shares of the company’s stock worth $84,922,000 after acquiring an additional 51,399 shares during the last quarter. Dynasty Wealth Management LLC grew its holdings in shares of Philip Morris International by 53.0% during the 3rd quarter. Dynasty Wealth Management LLC now owns 27,772 shares of the company’s stock valued at $4,505,000 after purchasing an additional 9,622 shares during the last quarter. Westwood Holdings Group Inc. lifted its stake in Philip Morris International by 295.8% in the 2nd quarter. Westwood Holdings Group Inc. now owns 67,717 shares of the company’s stock valued at $12,333,000 after purchasing an additional 50,610 shares during the last quarter. Finally, Prudential Financial Inc. boosted its position in Philip Morris International by 88.9% in the second quarter. Prudential Financial Inc. now owns 2,138,118 shares of the company’s stock valued at $389,415,000 after buying an additional 1,006,014 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Down 0.2%

Philip Morris International stock opened at $178.56 on Thursday. The company has a market capitalization of $277.95 billion, a PE ratio of 32.35, a PEG ratio of 1.92 and a beta of 0.40. The firm’s fifty day moving average is $160.61 and its 200 day moving average is $161.45. Philip Morris International Inc. has a 12-month low of $128.25 and a 12-month high of $186.69.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th were paid a dividend of $1.47 per share. The ex-dividend date of this dividend was Friday, December 26th. This represents a $5.88 annualized dividend and a dividend yield of 3.3%. Philip Morris International’s dividend payout ratio (DPR) is 106.52%.

Analysts Set New Price Targets

Several research firms recently weighed in on PM. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a report on Thursday, January 22nd. The Goldman Sachs Group reiterated a “buy” rating on shares of Philip Morris International in a research report on Wednesday, October 22nd. Stifel Nicolaus set a $180.00 target price on shares of Philip Morris International in a report on Tuesday, October 21st. JPMorgan Chase & Co. dropped their price target on shares of Philip Morris International from $190.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. Finally, Barclays reduced their price objective on shares of Philip Morris International from $220.00 to $180.00 and set an “overweight” rating on the stock in a research note on Monday, November 17th. Eleven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Philip Morris International currently has a consensus rating of “Moderate Buy” and an average price target of $184.56.

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.