GoalVest Advisory LLC Sells 569 Shares of Philip Morris International Inc. (NYSE:PM)

GoalVest Advisory LLC lessened its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 5.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 9,238 shares of the company’s stock after selling 569 shares during the period. GoalVest Advisory LLC’s holdings in Philip Morris International were worth $1,112,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. White Lighthouse Investment Management Inc. raised its holdings in shares of Philip Morris International by 71.4% during the third quarter. White Lighthouse Investment Management Inc. now owns 11,999 shares of the company’s stock valued at $1,457,000 after purchasing an additional 4,999 shares during the last quarter. Range Financial Group LLC grew its position in shares of Philip Morris International by 504.9% during the fourth quarter. Range Financial Group LLC now owns 22,915 shares of the company’s stock worth $2,758,000 after purchasing an additional 19,127 shares in the last quarter. Accredited Investors Inc. increased its holdings in Philip Morris International by 3,553.3% in the 3rd quarter. Accredited Investors Inc. now owns 206,959 shares of the company’s stock valued at $25,125,000 after acquiring an additional 201,294 shares during the last quarter. Park Avenue Securities LLC lifted its position in shares of Philip Morris International by 18.9% in the fourth quarter. Park Avenue Securities LLC now owns 100,826 shares of the company’s stock worth $12,134,000 after buying an additional 16,035 shares in the last quarter. Finally, CWA Asset Management Group LLC boosted its position in shares of Philip Morris International by 37.5% during the 4th quarter. CWA Asset Management Group LLC now owns 24,200 shares of the company’s stock valued at $2,912,000 after acquiring an additional 6,605 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Down 0.7 %

Shares of Philip Morris International stock opened at $122.91 on Thursday. The company has a fifty day moving average price of $125.43 and a 200 day moving average price of $121.76. The stock has a market cap of $191.11 billion, a price-to-earnings ratio of 19.51, a price-to-earnings-growth 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 announced its earnings results on Tuesday, October 22nd. The company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.09. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. The firm had revenue of $9.91 billion for the quarter, compared to the consensus estimate of $9.68 billion. During the same quarter in the previous year, the business earned $1.67 EPS. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. Analysts forecast that Philip Morris International Inc. will post 6.5 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were paid a $1.35 dividend. The ex-dividend date was Thursday, December 26th. This represents a $5.40 annualized dividend and a yield of 4.39%. Philip Morris International’s dividend payout ratio is presently 85.71%.

Wall Street Analyst Weigh In

PM has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. The Goldman Sachs Group boosted their target price on Philip Morris International from $126.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. UBS Group lifted their price objective on shares of Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft increased their price objective 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. Finally, Stifel Nicolaus restated a “buy” rating and set a $145.00 price target (up previously from $138.00) on shares of Philip Morris International in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.