Philip Morris International Inc. (NYSE:PM) Position Decreased by Gilbert & Cook Inc.

Gilbert & Cook Inc. cut its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,054 shares of the company’s stock after selling 105 shares during the period. Gilbert & Cook Inc.’s holdings in Philip Morris International were worth $1,210,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in PM. Valley Wealth Managers Inc. grew its holdings in shares of Philip Morris International by 457.5% during the 3rd quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock valued at $27,000 after acquiring an additional 183 shares in the last quarter. Dunhill Financial LLC lifted its holdings in Philip Morris International by 203.8% in the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock worth $29,000 after purchasing an additional 161 shares during the last quarter. Concord Wealth Partners boosted its position in Philip Morris International by 2,709.1% during the third quarter. Concord Wealth Partners now owns 309 shares of the company’s stock worth $38,000 after purchasing an additional 298 shares during the period. Asset Dedication LLC grew its holdings in Philip Morris International by 55.5% during the fourth quarter. Asset Dedication LLC now owns 412 shares of the company’s stock valued at $50,000 after purchasing an additional 147 shares during the last quarter. Finally, Darwin Wealth Management LLC bought a new position in shares of Philip Morris International in the third quarter valued at approximately $54,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PM. Morgan Stanley started coverage on Philip Morris International in a research report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price target on the stock. Barclays dropped their target price on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. UBS Group raised their price target on shares of Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a research report on Wednesday, October 23rd. Citigroup upped their price objective on shares of Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $145.00 target price (up 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 assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $131.35.

Philip Morris International Trading Up 0.1 %

NYSE:PM traded up $0.16 on Thursday, hitting $129.75. The company’s stock had a trading volume of 139,128 shares, compared to its average volume of 4,726,623. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $134.15. The firm has a market capitalization of $201.73 billion, a P/E ratio of 20.58, a price-to-earnings-growth ratio of 2.01 and a beta of 0.54. The stock has a fifty day moving average of $125.24 and a two-hundred day moving average of $122.63.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were issued a dividend of $1.35 per share. The ex-dividend date was Thursday, December 26th. This represents a $5.40 annualized dividend and a yield of 4.16%. Philip Morris International’s payout ratio is currently 85.71%.

Philip Morris International Company 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.