Philip Morris International Inc. (NYSE:PM) Shares Sold by Guyasuta Investment Advisors Inc.

Guyasuta Investment Advisors Inc. reduced its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 21.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 31,947 shares of the company's stock after selling 8,780 shares during the period. Guyasuta Investment Advisors Inc.'s holdings in Philip Morris International were worth $5,071,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. NewSquare Capital LLC raised its stake in Philip Morris International by 53.7% during the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company's stock valued at $25,000 after acquiring an additional 72 shares during the last quarter. Pacifica Partners Inc. raised its stake in Philip Morris International by 115.0% during the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock valued at $35,000 after acquiring an additional 115 shares during the last quarter. Knuff & Co LLC purchased a new stake in Philip Morris International during the 4th quarter valued at approximately $36,000. Ball & Co Wealth Management Inc. purchased a new stake in Philip Morris International during the 4th quarter valued at approximately $36,000. Finally, Ameriflex Group Inc. purchased a new stake in Philip Morris International during the 4th quarter valued at approximately $36,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Needham & Company LLC assumed coverage on Philip Morris International in a research note on Thursday, May 22nd. They set a "buy" rating for the company. Citigroup increased their target price on Philip Morris International from $163.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday, April 16th. Bank of America increased their target price on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Barclays reissued an "overweight" rating and set a $220.00 target price (up from $205.00) on shares of Philip Morris International in a research note on Friday, June 13th. Finally, Stifel Nicolaus increased their target price on Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $176.80.

Philip Morris International Stock Down 0.0%

Shares of PM traded down $0.04 on Friday, reaching $182.57. The stock had a trading volume of 10,713,275 shares, compared to its average volume of 5,631,735. The firm has a market capitalization of $284.18 billion, a PE ratio of 37.64, a PEG ratio of 2.66 and a beta of 0.52. The firm has a 50-day moving average of $173.82 and a 200 day moving average of $151.27. Philip Morris International Inc. has a twelve month low of $99.86 and a twelve month high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, topping analysts' consensus estimates of $1.61 by $0.08. The business had revenue of $9.30 billion for the quarter, compared to analysts' expectations of $9.10 billion. Philip Morris International had a negative return on equity of 122.40% and a net margin of 8.43%. The company's revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.50 EPS. 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. Investors of record on Friday, June 27th will be issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend is Friday, June 27th. Philip Morris International's dividend payout ratio is currently 111.34%.

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.