Philip Morris International Inc. (NYSE:PM) Shares Sold by Godsey & Gibb Inc.

Godsey & Gibb Inc. cut its stake in Philip Morris International Inc. (NYSE:PM) by 10.7% in the first quarter, according to its most recent Form 13F filing 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 reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Omnia Family Wealth LLC increased its position in shares of Philip Morris International by 1.7% during the fourth quarter. Omnia Family Wealth LLC now owns 3,851 shares of the company’s stock worth $469,000 after purchasing an additional 65 shares in the last quarter. Meridian Wealth Partners LLC grew its holdings in Philip Morris International by 4.1% in the 4th quarter. Meridian Wealth Partners LLC now owns 1,781 shares of the company’s stock valued at $214,000 after buying an additional 70 shares in the last quarter. NewSquare Capital LLC grew its holdings in Philip Morris International by 53.7% in the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock valued at $25,000 after buying an additional 72 shares in the last quarter. Chesley Taft & Associates LLC grew its holdings in Philip Morris International by 1.1% in the 1st quarter. Chesley Taft & Associates LLC now owns 6,502 shares of the company’s stock valued at $1,032,000 after buying an additional 72 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV grew its holdings in Philip Morris International by 2.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,628 shares of the company’s stock valued at $437,000 after buying an additional 73 shares in the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Trading Down 0.1%

PM opened at $181.77 on Friday. The stock’s 50-day moving average price is $167.81 and its 200 day moving average price is $147.46. Philip Morris International Inc. has a 12-month low of $98.93 and a 12-month high of $183.94. The firm 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.

Philip Morris International (NYSE:PM) last posted its earnings results 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 for the quarter, compared to analyst estimates of $9.10 billion. During the same quarter in the prior year, the company earned $1.50 EPS. Philip Morris International’s revenue was up 5.8% on a year-over-year basis. On average, research analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Analyst Ratings Changes

PM has been the subject of several analyst reports. UBS Group upgraded Philip Morris International from a “sell” rating to a “neutral” rating and upped their target price for the company from $130.00 to $170.00 in a report on Friday, April 25th. Citigroup upped their target price on Philip Morris International from $163.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, April 16th. Argus upgraded Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, March 14th. Barclays upped their price target on Philip Morris International from $175.00 to $205.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Finally, Stifel Nicolaus upped their price target on Philip Morris International from $168.00 to $186.00 and gave the company a “buy” rating in a research note on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Philip Morris International has an average rating of “Moderate Buy” and a consensus target price of $175.30.

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.