Philip Morris International Inc. $PM Shares Sold by Gibbs Wealth Management

Gibbs Wealth Management decreased its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 28.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 8,844 shares of the company’s stock after selling 3,575 shares during the period. Gibbs Wealth Management’s holdings in Philip Morris International were worth $1,435,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the business. Brighton Jones LLC increased its holdings in shares of Philip Morris International by 31.1% in the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock valued at $1,027,000 after purchasing an additional 2,023 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in Philip Morris International by 4.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock worth $252,000 after buying an additional 91 shares in the last quarter. Sivia Capital Partners LLC grew its position in Philip Morris International by 53.7% during the second quarter. Sivia Capital Partners LLC now owns 5,636 shares of the company’s stock worth $1,027,000 after buying an additional 1,970 shares during the period. Sheets Smith Wealth Management grew its position in Philip Morris International by 6.1% during the second quarter. Sheets Smith Wealth Management now owns 2,050 shares of the company’s stock worth $373,000 after buying an additional 118 shares during the period. Finally, McAdam LLC increased its holdings in Philip Morris International by 18.6% in the second quarter. McAdam LLC now owns 5,624 shares of the company’s stock valued at $1,024,000 after buying an additional 881 shares in the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Stock Performance

PM opened at $173.06 on Friday. Philip Morris International Inc. has a 1 year low of $125.53 and a 1 year high of $186.69. The company’s 50 day simple moving average is $159.22 and its 200 day simple moving average is $161.60. The stock has a market capitalization of $269.39 billion, a PE ratio of 31.35, a P/E/G ratio of 1.83 and a beta of 0.40.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Friday, October 24th. The company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.14. The firm had revenue of $10.85 billion during the quarter, compared to the consensus estimate of $10.67 billion. Philip Morris International had a negative return on equity of 122.14% and a net margin of 9.33%.The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.91 earnings per share. As a group, sell-side analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th were paid a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, December 26th. Philip Morris International’s payout ratio is currently 106.52%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PM. Jefferies Financial Group downgraded Philip Morris International from a “buy” rating to a “hold” rating and dropped their price objective for the company from $220.00 to $180.00 in a research note on Tuesday. Wall Street Zen lowered Philip Morris International from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Barclays cut their price target on Philip Morris International from $220.00 to $180.00 and set an “overweight” rating for the company in a research note on Monday, November 17th. JPMorgan Chase & Co. lowered their price objective on shares of Philip Morris International from $190.00 to $185.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. Finally, Stifel Nicolaus set a $180.00 target price on shares of Philip Morris International in a report on Tuesday, October 21st. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $184.56.

Philip Morris International Profile

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.