Gilbert & Cook Inc. Sells 105 Shares of Philip Morris International Inc. (NYSE:PM)

Gilbert & Cook Inc. decreased its holdings in Philip Morris International Inc. (NYSE:PM) by 1.0% during the 4th quarter, HoldingsChannel reports. The firm owned 10,054 shares of the company’s stock after selling 105 shares during the quarter. Gilbert & Cook Inc.’s holdings in Philip Morris International were worth $1,210,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of PM. 49 Wealth Management LLC grew its stake in shares of Philip Morris International by 3.6% during the third quarter. 49 Wealth Management LLC now owns 2,432 shares of the company’s stock worth $295,000 after buying an additional 84 shares during the last quarter. Woodmont Investment Counsel LLC increased its holdings in Philip Morris International by 1.6% in the 3rd quarter. Woodmont Investment Counsel LLC now owns 5,452 shares of the company’s stock worth $662,000 after purchasing an additional 86 shares in the last quarter. YHB Investment Advisors Inc. raised its position in Philip Morris International by 4.2% in the third quarter. YHB Investment Advisors Inc. now owns 2,158 shares of the company’s stock valued at $262,000 after purchasing an additional 87 shares during the last quarter. Cypress Wealth Services LLC boosted its stake in shares of Philip Morris International by 1.3% during the third quarter. Cypress Wealth Services LLC now owns 6,748 shares of the company’s stock valued at $819,000 after purchasing an additional 89 shares in the last quarter. Finally, Luts & Greenleigh Group Inc. grew its holdings in shares of Philip Morris International by 1.1% during the third quarter. Luts & Greenleigh Group Inc. now owns 8,448 shares of the company’s stock worth $1,026,000 after purchasing an additional 89 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. UBS Group boosted their target price on shares of Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a report on Wednesday, October 23rd. Citigroup raised their target price on Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. increased their price target on Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Stifel Nicolaus reiterated a “buy” rating and issued a $145.00 target price (up from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. Finally, Barclays reduced their price objective on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $131.35.

Philip Morris International Stock Up 0.1 %

NYSE:PM traded up $0.16 during trading hours on Thursday, hitting $129.75. 139,128 shares of the company traded hands, 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 company has a market cap of $201.73 billion, a PE ratio of 20.58, a PEG ratio of 2.01 and a beta of 0.54. The firm’s 50-day simple moving average is $125.24 and its 200-day simple moving average is $122.63.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were paid a $1.35 dividend. 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 dividend payout ratio (DPR) is 85.71%.

Philip Morris International 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.