Godsey & Gibb Inc. Sells 433 Shares of Philip Morris International Inc. (NYSE:PM)

Godsey & Gibb Inc. reduced its position in Philip Morris International Inc. (NYSE:PM) by 10.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,598 shares of the company’s stock after selling 433 shares during the quarter. Godsey & Gibb Inc.’s holdings in Philip Morris International were worth $571,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Omnia Family Wealth LLC boosted its position in Philip Morris International by 1.7% during the fourth quarter. Omnia Family Wealth LLC now owns 3,851 shares of the company’s stock valued at $469,000 after purchasing an additional 65 shares in the last quarter. Meridian Wealth Partners LLC boosted its position in Philip Morris International by 4.1% during the fourth quarter. Meridian Wealth Partners LLC now owns 1,781 shares of the company’s stock valued at $214,000 after purchasing an additional 70 shares in the last quarter. NewSquare Capital LLC boosted its position in Philip Morris International by 53.7% during the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock valued at $25,000 after purchasing an additional 72 shares in the last quarter. Chesley Taft & Associates LLC boosted its position in Philip Morris International by 1.1% during the first quarter. Chesley Taft & Associates LLC now owns 6,502 shares of the company’s stock valued at $1,032,000 after purchasing an additional 72 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its holdings in Philip Morris International by 2.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,628 shares of the company’s stock worth $437,000 after acquiring an additional 73 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on PM shares. JPMorgan Chase & Co. raised their price target on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Morgan Stanley reissued an “overweight” rating and issued a $182.00 price target (up previously from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Stifel Nicolaus raised their price target on Philip Morris International from $168.00 to $186.00 and gave the stock a “buy” rating in a report on Thursday, April 24th. Citigroup raised their price target on Philip Morris International from $163.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, April 16th. Finally, Barclays raised their price target on Philip Morris International from $175.00 to $205.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $175.30.

Philip Morris International Stock Down 0.1%

Shares of NYSE:PM opened at $181.77 on Friday. Philip Morris International Inc. has a 52-week low of $98.93 and a 52-week high of $183.94. The stock has a market cap of $282.93 billion, a price-to-earnings ratio of 40.30, a PEG ratio of 2.65 and a beta of 0.52. The business has a 50-day moving average price of $167.81 and a 200-day moving average price of $147.46.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.08. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The firm had revenue of $9.30 billion during the quarter, compared to analysts’ expectations of $9.10 billion. During the same period last year, the business posted $1.50 earnings per share. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, equities analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

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.