GHP Investment Advisors Inc. Sells 190 Shares of Philip Morris International Inc. (NYSE:PM)

GHP Investment Advisors Inc. reduced its position in shares of Philip Morris International Inc. (NYSE:PM) by 12.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,347 shares of the company’s stock after selling 190 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Philip Morris International were worth $214,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Asset Management One Co. Ltd. boosted its holdings in shares of Philip Morris International by 6.6% during the 1st quarter. Asset Management One Co. Ltd. now owns 915,187 shares of the company’s stock valued at $145,268,000 after acquiring an additional 56,804 shares during the last quarter. Narwhal Capital Management boosted its holdings in shares of Philip Morris International by 22.2% during the 1st quarter. Narwhal Capital Management now owns 85,609 shares of the company’s stock valued at $13,589,000 after acquiring an additional 15,539 shares during the last quarter. Chapin Davis Inc. boosted its holdings in shares of Philip Morris International by 1,250.5% during the 1st quarter. Chapin Davis Inc. now owns 23,296 shares of the company’s stock valued at $3,698,000 after acquiring an additional 21,571 shares during the last quarter. Valmark Advisers Inc. boosted its holdings in shares of Philip Morris International by 4.1% during the 1st quarter. Valmark Advisers Inc. now owns 4,655 shares of the company’s stock valued at $739,000 after acquiring an additional 185 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its holdings in shares of Philip Morris International by 4.8% during the 1st quarter. Oppenheimer & Co. Inc. now owns 86,388 shares of the company’s stock valued at $13,712,000 after acquiring an additional 3,919 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Price Performance

Shares of NYSE:PM opened at $179.79 on Thursday. Philip Morris International Inc. has a 1-year low of $100.80 and a 1-year high of $186.69. The company has a market capitalization of $279.85 billion, a P/E ratio of 37.07, a P/E/G ratio of 2.67 and a beta of 0.52. The firm’s 50 day simple moving average is $175.25 and its two-hundred day simple moving average is $152.07.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.08. Philip Morris International had a net margin of 8.43% and a negative return on equity of 122.40%. The business had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter in the previous year, the firm earned $1.50 earnings per share. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, sell-side analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend is Friday, June 27th. Philip Morris International’s dividend payout ratio is currently 111.34%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PM. Argus raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, March 14th. Wall Street Zen raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Saturday, June 21st. Needham & Company LLC initiated coverage on shares of Philip Morris International in a report on Thursday, May 22nd. They issued a “buy” rating on the stock. Bank of America raised their price objective on shares of Philip Morris International from $182.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. Finally, UBS Group raised shares of Philip Morris International from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $130.00 to $170.00 in a report on Friday, April 25th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Philip Morris International presently has an average rating of “Moderate Buy” and a consensus target price of $176.80.

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.