GHP Investment Advisors Inc. Sells 133 Shares of Philip Morris International Inc. (NYSE:PM)

GHP Investment Advisors Inc. lessened its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 8.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,537 shares of the company’s stock after selling 133 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Philip Morris International were worth $185,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Klein Pavlis & Peasley Financial Inc. lifted its position in shares of Philip Morris International by 135.2% in the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 29,542 shares of the company’s stock worth $3,555,000 after purchasing an additional 16,982 shares during the period. YANKCOM Partnership bought a new position in Philip Morris International in the fourth quarter worth about $1,146,000. Bleakley Financial Group LLC lifted its holdings in Philip Morris International by 5.0% in the fourth quarter. Bleakley Financial Group LLC now owns 94,985 shares of the company’s stock worth $11,431,000 after buying an additional 4,510 shares during the period. Long Run Wealth Advisors LLC lifted its holdings in Philip Morris International by 61.6% in the fourth quarter. Long Run Wealth Advisors LLC now owns 5,138 shares of the company’s stock worth $618,000 after buying an additional 1,958 shares during the period. Finally, Centennial Wealth Advisory LLC boosted its position in Philip Morris International by 3.8% during the 4th quarter. Centennial Wealth Advisory LLC now owns 4,435 shares of the company’s stock valued at $534,000 after acquiring an additional 164 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Down 0.6 %

NYSE:PM opened at $144.40 on Friday. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $146.78. The stock has a market cap of $224.51 billion, a price-to-earnings ratio of 22.92, a PEG ratio of 2.30 and a beta of 0.55. The company’s 50 day moving average price is $125.44 and its 200-day moving average price is $123.61.

Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, February 6th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.49 by $0.06. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. As a group, sell-side analysts anticipate that Philip Morris International Inc. will post 6.5 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is 119.73%.

Analysts Set New Price Targets

A number of research analysts have recently commented on PM shares. Barclays lowered their target price on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. UBS Group raised their price objective on Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a research report on Friday. Morgan Stanley began coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 target price on the stock. Stifel Nicolaus lifted their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Friday. Finally, JPMorgan Chase & Co. upped their price objective on shares of Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Philip Morris International currently has an average rating of “Moderate Buy” and a consensus price target of $134.35.

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.