Galvin Gaustad & Stein LLC Has $1.15 Million Stock Holdings in Philip Morris International Inc. (NYSE:PM)

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

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

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Philip Morris International from $118.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. UBS Group raised 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. Citigroup raised their price objective on shares of Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. The Goldman Sachs Group raised their price objective on shares of Philip Morris International from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $145.00 price objective (up from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.35.

Philip Morris International Trading Up 0.2 %

Shares of NYSE PM opened at $123.20 on Thursday. The firm has a market capitalization of $191.55 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 2.03 and a beta of 0.54. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $134.15. The firm’s 50-day moving average is $125.38 and its 200-day moving average is $121.77.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.91 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $9.68 billion. During the same quarter last year, the firm earned $1.67 EPS. Philip Morris International’s quarterly revenue was up 8.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Philip Morris International Inc. will post 6.5 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Shareholders 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 was Thursday, December 26th. Philip Morris International’s payout ratio is currently 85.71%.

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.