GPS Wealth Strategies Group LLC Sells 1,768 Shares of Philip Morris International Inc. (NYSE:PM)

GPS Wealth Strategies Group LLC cut its position in shares of Philip Morris International Inc. (NYSE:PM) by 34.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,362 shares of the company’s stock after selling 1,768 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in Philip Morris International were worth $405,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Intergy Private Wealth LLC boosted its position in shares of Philip Morris International by 4.3% during the 4th quarter. Intergy Private Wealth LLC now owns 1,959 shares of the company’s stock valued at $236,000 after acquiring an additional 80 shares during the last quarter. 49 Wealth Management LLC raised its stake in Philip Morris International by 3.6% during the third quarter. 49 Wealth Management LLC now owns 2,432 shares of the company’s stock valued at $295,000 after purchasing an additional 84 shares in the last quarter. Woodmont Investment Counsel LLC lifted its position in Philip Morris International by 1.6% during the third quarter. Woodmont Investment Counsel LLC now owns 5,452 shares of the company’s stock valued at $662,000 after purchasing an additional 86 shares during the last quarter. YHB Investment Advisors Inc. grew its stake in shares of Philip Morris International by 4.2% in the 3rd quarter. YHB Investment Advisors Inc. now owns 2,158 shares of the company’s stock worth $262,000 after buying an additional 87 shares in the last quarter. Finally, Cypress Wealth Services LLC grew its stake in shares of Philip Morris International by 1.3% in the 3rd quarter. Cypress Wealth Services LLC now owns 6,748 shares of the company’s stock worth $819,000 after buying an additional 89 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Trading Down 0.1 %

NYSE:PM opened at $130.16 on Monday. The company has a market cap of $202.37 billion, a price-to-earnings ratio of 20.66, a price-to-earnings-growth ratio of 2.30 and a beta of 0.55. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $134.15. The stock has a fifty day simple moving average of $125.23 and a 200-day simple moving average of $122.98.

Philip Morris International Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 4.15%. Philip Morris International’s payout ratio is 85.71%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PM. Citigroup increased their price target on shares of Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Morgan Stanley initiated coverage on Philip Morris International in a research note on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. 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 report on Wednesday, October 23rd. Finally, 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. 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 company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.35.

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.