Gilman Hill Asset Management LLC Sells 169 Shares of Philip Morris International Inc. (NYSE:PM)

Gilman Hill Asset Management LLC lowered its position in shares of Philip Morris International Inc. (NYSE:PM) by 4.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,925 shares of the company’s stock after selling 169 shares during the period. Gilman Hill Asset Management LLC’s holdings in Philip Morris International were worth $360,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC lifted its position in Philip Morris International by 28.2% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 10,636 shares of the company’s stock valued at $985,000 after purchasing an additional 2,341 shares during the period. Asset Dedication LLC grew its holdings in shares of Philip Morris International by 173.4% in the third quarter. Asset Dedication LLC now owns 749 shares of the company’s stock worth $70,000 after acquiring an additional 475 shares during the period. Operose Advisors LLC increased its position in Philip Morris International by 435.2% during the third quarter. Operose Advisors LLC now owns 1,734 shares of the company’s stock valued at $161,000 after acquiring an additional 1,410 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in Philip Morris International by 45.2% in the third quarter. O Shaughnessy Asset Management LLC now owns 227,471 shares of the company’s stock valued at $21,059,000 after acquiring an additional 70,795 shares during the period. Finally, Mutual Advisors LLC boosted its position in Philip Morris International by 0.4% in the third quarter. Mutual Advisors LLC now owns 34,643 shares of the company’s stock worth $3,207,000 after purchasing an additional 149 shares during the last quarter. 78.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on PM shares. Stifel Nicolaus raised their price objective on shares of Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Argus restated a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $104.22.

Philip Morris International Trading Up 0.2 %

NYSE PM opened at $102.05 on Wednesday. Philip Morris International Inc. has a 12 month low of $87.23 and a 12 month high of $104.90. The stock has a market cap of $158.64 billion, a PE ratio of 19.93, a P/E/G ratio of 2.09 and a beta of 0.57. The stock’s 50 day moving average is $99.49 and its 200 day moving average is $94.77.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.41 by $0.09. The business had revenue of $8.79 billion for the quarter, compared to analysts’ expectations of $8.44 billion. Philip Morris International had a net margin of 8.58% and a negative return on equity of 113.26%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.38 EPS. On average, analysts forecast that Philip Morris International Inc. will post 6.32 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 8th. Stockholders of record on Friday, June 21st will be issued a dividend of $1.30 per share. The ex-dividend date is Friday, June 21st. This represents a $5.20 annualized dividend and a dividend yield of 5.10%. Philip Morris International’s dividend payout ratio (DPR) is 101.56%.

Insider Activity at Philip Morris International

In related news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $96.42, for a total value of $1,928,400.00. Following the completion of the transaction, the insider now owns 178,447 shares in the company, valued at $17,205,859.74. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.14% of the stock is owned by insiders.

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.