Heritage Trust Co Lowers Position in Philip Morris International Inc. (NYSE:PM)

Heritage Trust Co decreased its holdings in shares of Philip Morris International Inc. (NYSE:PMFree Report) by 3.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,403 shares of the company’s stock after selling 193 shares during the quarter. Heritage Trust Co’s holdings in Philip Morris International were worth $500,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of PM. Cetera Advisor Networks LLC lifted its position in Philip Morris International by 10.4% in the second quarter. Cetera Advisor Networks LLC now owns 213,136 shares of the company’s stock valued at $20,806,000 after purchasing an additional 20,104 shares during the last quarter. Aspen Grove Capital LLC raised its holdings in Philip Morris International by 13.0% in the 2nd quarter. Aspen Grove Capital LLC now owns 4,756 shares of the company’s stock worth $470,000 after purchasing an additional 547 shares in the last quarter. Berger Financial Group Inc raised its holdings in Philip Morris International by 3.0% in the 2nd quarter. Berger Financial Group Inc now owns 3,902 shares of the company’s stock worth $381,000 after purchasing an additional 113 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of Philip Morris International by 1.5% during the 2nd quarter. Cetera Investment Advisers now owns 120,894 shares of the company’s stock valued at $11,802,000 after purchasing an additional 1,764 shares in the last quarter. Finally, Elevated Capital Advisors LLC increased its position in shares of Philip Morris International by 2.8% during the second quarter. Elevated Capital Advisors LLC now owns 17,016 shares of the company’s stock valued at $1,661,000 after buying an additional 471 shares during the period. 79.70% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Wilde Frederic De sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $94.25, for a total transaction of $942,500.00. Following the completion of the sale, the insider now directly owns 198,447 shares of the company’s stock, valued at approximately $18,703,629.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.15% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Jefferies Financial Group lowered their price target on shares of Philip Morris International from $111.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, October 13th. UBS Group lowered Philip Morris International from a “buy” rating to a “sell” rating and reduced their price objective for the company from $105.00 to $86.50 in a research report on Tuesday, January 23rd. Redburn Atlantic started coverage on Philip Morris International in a report on Thursday, November 16th. They issued a “neutral” rating and a $95.00 target price on the stock. Finally, JPMorgan Chase & Co. lifted their price target on Philip Morris International from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $107.39.

Get Our Latest Report on Philip Morris International

Philip Morris International Trading Down 0.3 %

PM opened at $92.99 on Monday. The stock has a 50-day moving average of $93.47 and a 200 day moving average of $93.71. Philip Morris International Inc. has a 12 month low of $87.23 and a 12 month high of $103.79. The firm has a market cap of $144.36 billion, a P/E ratio of 18.06, a P/E/G ratio of 2.48 and a beta of 0.63.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Thursday, December 21st were paid a dividend of $1.30 per share. The ex-dividend date of this dividend was Wednesday, December 20th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.59%. Philip Morris International’s dividend payout ratio is presently 100.97%.

Philip Morris International Company Profile

(Free Report)

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.

Further Reading

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

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