Philip Morris International Inc. (NYSE:PM) Shares Sold by Galvin Gaustad & Stein LLC

Galvin Gaustad & Stein LLC decreased its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 11.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,585 shares of the company’s stock after selling 1,206 shares during the period. Galvin Gaustad & Stein LLC’s holdings in Philip Morris International were worth $1,154,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Avior Wealth Management LLC increased its stake in shares of Philip Morris International by 2.9% during the 4th quarter. Avior Wealth Management LLC now owns 9,777 shares of the company’s stock worth $1,177,000 after purchasing an additional 276 shares in the last quarter. Asset Planning Services Inc. LA ADV boosted its holdings in shares of Philip Morris International by 0.3% in the 4th quarter. Asset Planning Services Inc. LA ADV now owns 53,140 shares of the company’s stock valued at $6,395,000 after purchasing an additional 180 shares during the last quarter. True North Advisors LLC boosted its holdings in shares of Philip Morris International by 9.8% in the 4th quarter. True North Advisors LLC now owns 2,253 shares of the company’s stock valued at $271,000 after purchasing an additional 202 shares during the last quarter. Wesbanco Bank Inc. boosted its holdings in shares of Philip Morris International by 0.7% in the 4th quarter. Wesbanco Bank Inc. now owns 27,569 shares of the company’s stock valued at $3,318,000 after purchasing an additional 183 shares during the last quarter. Finally, Evolution Wealth Advisors LLC acquired a new position in shares of Philip Morris International during the 4th quarter valued at $275,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Trading Up 0.2 %

Shares of NYSE:PM opened at $123.20 on Thursday. The company has a 50 day moving average of $125.38 and a 200-day moving average of $121.77. The firm has a market cap of $191.55 billion, a P/E ratio of 19.55, a P/E/G ratio of 2.03 and a beta of 0.54. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $134.15.

Philip Morris International (NYSE:PM) last released its earnings results on Tuesday, October 22nd. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.82 by $0.09. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. The business had revenue of $9.91 billion during the quarter, compared to analyst estimates of $9.68 billion. During the same period in the prior year, the business earned $1.67 earnings per share. The business’s quarterly revenue was up 8.4% on a year-over-year basis. Equities research analysts forecast that Philip Morris International Inc. will post 6.5 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s dividend payout ratio is 85.71%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Citigroup lifted their target price on shares of Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. The Goldman Sachs Group lifted their target price on shares of Philip Morris International from $126.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Philip Morris International from $118.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Barclays reduced their target price on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Finally, UBS Group boosted their price objective on shares of Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $131.35.

About Philip Morris International

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 primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.