VAUGHAN & Co SECURITIES INC. Cuts Stock Holdings in Philip Morris International Inc. $PM

VAUGHAN & Co SECURITIES INC. cut its stake in Philip Morris International Inc. (NYSE:PM) by 41.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,986 shares of the company’s stock after selling 3,462 shares during the period. Philip Morris International comprises about 0.4% of VAUGHAN & Co SECURITIES INC.’s holdings, making the stock its 23rd largest holding. VAUGHAN & Co SECURITIES INC.’s holdings in Philip Morris International were worth $809,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new position in shares of Philip Morris International in the 2nd quarter valued at about $25,000. Traub Capital Management LLC purchased a new position in Philip Morris International in the second quarter worth approximately $25,000. Abound Wealth Management grew its holdings in Philip Morris International by 566.7% during the 2nd quarter. Abound Wealth Management now owns 160 shares of the company’s stock worth $29,000 after acquiring an additional 136 shares in the last quarter. Briaud Financial Planning Inc grew its holdings in Philip Morris International by 266.7% during the 2nd quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock worth $30,000 after acquiring an additional 120 shares in the last quarter. Finally, Estabrook Capital Management purchased a new stake in shares of Philip Morris International in the 2nd quarter valued at approximately $30,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PM has been the subject of several recent analyst reports. Morgan Stanley set a $175.00 price objective on shares of Philip Morris International and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, October 8th. Barclays dropped their price objective on Philip Morris International from $220.00 to $180.00 and set an “overweight” rating on the stock in a report on Monday, November 17th. The Goldman Sachs Group restated a “buy” rating on shares of Philip Morris International in a research note on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. lowered their price target on Philip Morris International from $190.00 to $185.00 and set an “overweight” rating for the company in a report on Wednesday, November 26th. Twelve analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $189.00.

Philip Morris International Stock Down 1.0%

NYSE:PM opened at $161.06 on Monday. The stock’s 50 day moving average price is $154.15 and its 200 day moving average price is $163.66. The company has a market capitalization of $250.72 billion, a PE ratio of 29.18, a P/E/G ratio of 1.93 and a beta of 0.42. Philip Morris International Inc. has a 52-week low of $116.12 and a 52-week high of $186.69.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Tuesday, March 28th. The company reported $1.59 earnings per share for the quarter. The company had revenue of $8.12 billion during the quarter. Philip Morris International had a negative return on equity of 122.14% and a net margin of 9.33%. As a group, sell-side analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th will be paid a $1.47 dividend. The ex-dividend date is Friday, December 26th. This represents a $5.88 dividend on an annualized basis and a yield of 3.7%. Philip Morris International’s payout ratio is currently 106.52%.

Philip Morris International Company 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.