Mutual of America Capital Management LLC Sells 10,248 Shares of Philip Morris International Inc. $PM

Mutual of America Capital Management LLC decreased its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 5.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 187,413 shares of the company’s stock after selling 10,248 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Philip Morris International were worth $30,398,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC acquired a new position in Philip Morris International during the second quarter valued at approximately $25,000. Traub Capital Management LLC bought a new stake in Philip Morris International during the second quarter worth $25,000. Marquette Asset Management LLC lifted 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 acquiring an additional 151 shares during the last quarter. Briaud Financial Planning Inc grew its position in shares of Philip Morris International by 266.7% in the 2nd quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock valued at $30,000 after acquiring an additional 120 shares during the period. Finally, Estabrook Capital Management acquired a new position in shares of Philip Morris International during the 2nd quarter worth about $30,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on PM shares. Stifel Nicolaus set a $180.00 price objective on Philip Morris International in a research note on Tuesday, October 21st. Barclays cut their price target on Philip Morris International from $220.00 to $180.00 and set an “overweight” rating for the company in a report on Monday, November 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a report on Thursday. Jefferies Financial Group lowered shares of Philip Morris International from a “buy” rating to a “hold” rating and dropped their price objective for the company from $220.00 to $180.00 in a research report on Tuesday, January 20th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Philip Morris International from $190.00 to $185.00 and set an “overweight” rating for the company in a report on Wednesday, November 26th. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $184.56.

Philip Morris International Trading Up 1.8%

NYSE PM opened at $173.06 on Monday. The firm has a market capitalization of $269.39 billion, a PE ratio of 31.35, a price-to-earnings-growth ratio of 1.86 and a beta of 0.40. The business’s 50-day moving average price is $159.22 and its two-hundred day moving average price is $161.37. Philip Morris International Inc. has a 12 month low of $125.53 and a 12 month high of $186.69.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Friday, December 26th were paid a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, December 26th. Philip Morris International’s dividend payout ratio (DPR) 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.