GYL Financial Synergies LLC Raises Stake in Philip Morris International Inc. (NYSE:PM)

GYL Financial Synergies LLC lifted its stake in Philip Morris International Inc. (NYSE:PM) by 4.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,294 shares of the company’s stock after buying an additional 132 shares during the quarter. GYL Financial Synergies LLC’s holdings in Philip Morris International were worth $280,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in PM. Focused Wealth Management Inc lifted its position in shares of Philip Morris International by 4.9% in the fourth quarter. Focused Wealth Management Inc now owns 2,541 shares of the company’s stock worth $216,000 after purchasing an additional 119 shares in the last quarter. Welch Group LLC increased its position in shares of Philip Morris International by 2.6% in the third quarter. Welch Group LLC now owns 4,702 shares of the company’s stock valued at $357,000 after buying an additional 120 shares in the last quarter. Wealthcare Capital Management LLC lifted its holdings in shares of Philip Morris International by 7.6% in the fourth quarter. Wealthcare Capital Management LLC now owns 1,717 shares of the company’s stock valued at $146,000 after purchasing an additional 122 shares in the last quarter. First Command Financial Services Inc. lifted its holdings in shares of Philip Morris International by 5.0% in the third quarter. First Command Financial Services Inc. now owns 2,611 shares of the company’s stock valued at $198,000 after purchasing an additional 125 shares in the last quarter. Finally, Pacific Wealth Strategies Group Inc. lifted its holdings in shares of Philip Morris International by 1.1% in the fourth quarter. Pacific Wealth Strategies Group Inc. now owns 11,099 shares of the company’s stock valued at $944,000 after purchasing an additional 125 shares in the last quarter. 73.01% of the stock is currently owned by institutional investors.

A number of brokerages have recently weighed in on PM. Cfra raised their price objective on shares of Philip Morris International from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Wells Fargo & Co reduced their target price on Philip Morris International from $102.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, October 18th. UBS Group reiterated a “buy” rating and set a $101.00 target price on shares of Philip Morris International in a report on Tuesday. Cowen raised Philip Morris International from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $90.00 to $102.00 in a research report on Thursday. Finally, Citigroup cut Philip Morris International from a “buy” rating to a “neutral” rating and set a $90.00 price target for the company. in a report on Monday, December 2nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the stock. Philip Morris International currently has a consensus rating of “Buy” and a consensus target price of $97.00.

Shares of Philip Morris International stock opened at $88.04 on Thursday. Philip Morris International Inc. has a fifty-two week low of $69.27 and a fifty-two week high of $92.74. The business’s fifty day moving average is $86.35 and its two-hundred day moving average is $81.89. The firm has a market cap of $138.09 billion, a PE ratio of 19.06, a P/E/G ratio of 2.09 and a beta of 1.02.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.22 EPS for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.01. The business had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.64 billion. Philip Morris International had a negative return on equity of 84.30% and a net margin of 9.21%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.25 earnings per share. On average, analysts forecast that Philip Morris International Inc. will post 5.6 EPS for the current fiscal year.

About Philip Morris International

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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