Guyasuta Investment Advisors Inc. Sells 8,780 Shares of Philip Morris International Inc. (NYSE:PM)

Guyasuta Investment Advisors Inc. decreased its stake in shares of Philip Morris International Inc. (NYSE:PM) by 21.6% during the first quarter, HoldingsChannel reports. The firm owned 31,947 shares of the company’s stock after selling 8,780 shares during the quarter. Guyasuta Investment Advisors Inc.’s holdings in Philip Morris International were worth $5,071,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Center for Financial Planning Inc. boosted its stake in shares of Philip Morris International by 3.4% during the 1st quarter. Center for Financial Planning Inc. now owns 5,714 shares of the company’s stock valued at $907,000 after purchasing an additional 186 shares in the last quarter. Childress Capital Advisors LLC boosted its stake in shares of Philip Morris International by 5.2% during the 1st quarter. Childress Capital Advisors LLC now owns 3,874 shares of the company’s stock valued at $615,000 after purchasing an additional 190 shares in the last quarter. Synergy Asset Management LLC boosted its stake in shares of Philip Morris International by 148.8% during the 1st quarter. Synergy Asset Management LLC now owns 3,224 shares of the company’s stock valued at $512,000 after purchasing an additional 1,928 shares in the last quarter. Buck Wealth Strategies LLC bought a new stake in shares of Philip Morris International during the 1st quarter valued at about $219,000. Finally, Absher Wealth Management LLC boosted its stake in shares of Philip Morris International by 4.3% during the 1st quarter. Absher Wealth Management LLC now owns 4,732 shares of the company’s stock valued at $751,000 after purchasing an additional 193 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PM. Stifel Nicolaus lifted their price target on shares of Philip Morris International from $168.00 to $186.00 and gave the company a “buy” rating in a research report on Thursday, April 24th. Barclays reissued an “overweight” rating and set a $220.00 price target (up from $205.00) on shares of Philip Morris International in a research report on Friday, June 13th. Citigroup lifted their price target on shares of Philip Morris International from $163.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, April 16th. Needham & Company LLC began coverage on shares of Philip Morris International in a research report on Thursday, May 22nd. They set a “buy” rating for the company. Finally, Bank of America lifted their price target on shares of Philip Morris International from $182.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, June 4th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $176.80.

Philip Morris International Stock Down 0.0%

Shares of PM stock opened at $182.57 on Friday. The company has a 50 day moving average price of $173.82 and a 200-day moving average price of $151.14. Philip Morris International Inc. has a 52 week low of $99.86 and a 52 week high of $186.69. The firm has a market capitalization of $284.18 billion, a PE ratio of 37.64, a P/E/G ratio of 2.66 and a beta of 0.52.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.08. Philip Morris International had a net margin of 8.43% and a negative return on equity of 122.40%. The firm had revenue of $9.30 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same period in the previous year, the business posted $1.50 earnings per share. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. Analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be paid a $1.35 dividend. The ex-dividend date is Friday, June 27th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.96%. Philip Morris International’s dividend payout ratio is presently 111.34%.

Philip Morris International Profile

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.