Guyasuta Investment Advisors Inc. Sells 3,582 Shares of Philip Morris International Inc. $PM

Guyasuta Investment Advisors Inc. reduced its position in Philip Morris International Inc. (NYSE:PM) by 11.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 28,490 shares of the company’s stock after selling 3,582 shares during the period. Guyasuta Investment Advisors Inc.’s holdings in Philip Morris International were worth $4,621,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of PM. Legacy Investment Solutions LLC bought a new position in shares of Philip Morris International in the second quarter worth $25,000. Traub Capital Management LLC bought a new position in Philip Morris International in the 2nd quarter worth about $25,000. Abound Wealth Management grew its holdings in Philip Morris International by 566.7% during the 2nd quarter. Abound Wealth Management now owns 160 shares of the company’s stock valued at $29,000 after buying an additional 136 shares in the last quarter. Briaud Financial Planning Inc boosted its position in shares of Philip Morris International by 266.7% in the second quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock valued at $30,000 after acquiring an additional 120 shares during the period. Finally, Estabrook Capital Management bought a new position in shares of Philip Morris International in the second quarter valued at approximately $30,000. Institutional investors own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

PM has been the subject of several analyst reports. UBS Group cut their price target on shares of Philip Morris International from $177.00 to $166.00 and set a “neutral” rating for the company in a report on Friday, September 5th. Stifel Nicolaus set a $180.00 price target on Philip Morris International in a research report on Tuesday, October 21st. Citigroup reissued a “buy” rating on shares of Philip Morris International in a research note on Thursday, September 4th. Morgan Stanley set a $175.00 price objective on shares of Philip Morris International and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Philip Morris International in a research report on Wednesday, October 22nd. Twelve analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $189.00.

Philip Morris International Stock Down 1.0%

Shares of NYSE PM opened at $160.35 on Friday. The firm’s fifty day moving average is $154.55 and its 200 day moving average is $163.31. Philip Morris International Inc. has a 52 week low of $116.12 and a 52 week high of $186.69. The company has a market cap of $249.61 billion, a price-to-earnings ratio of 29.05, a PEG ratio of 1.92 and a beta of 0.40.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Tuesday, March 28th. The company reported $1.59 earnings per share (EPS) for the quarter. The firm had revenue of $8.12 billion for the quarter. Philip Morris International had a net margin of 9.33% and a negative return on equity of 122.14%. Equities research analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Friday, December 26th will be issued a $1.47 dividend. The ex-dividend date is Friday, December 26th. This represents a $5.88 annualized dividend and a yield of 3.7%. Philip Morris International’s payout ratio is 106.52%.

About Philip Morris International

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.