Penobscot Investment Management Company Inc. Takes $324,000 Position in Philip Morris International Inc. (NYSE:PM)

Penobscot Investment Management Company Inc. purchased a new position in Philip Morris International Inc. (NYSE:PMFree Report) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 3,457 shares of the company’s stock, valued at approximately $324,000.

Several other large investors also recently bought and sold shares of PM. Greatmark Investment Partners Inc. boosted its holdings in Philip Morris International by 42.1% in the third quarter. Greatmark Investment Partners Inc. now owns 4,843 shares of the company’s stock valued at $448,000 after purchasing an additional 1,435 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its holdings in Philip Morris International by 351.3% during the third quarter. Thompson Siegel & Walmsley LLC now owns 82,345 shares of the company’s stock worth $7,624,000 after acquiring an additional 64,100 shares during the period. Fidelis Capital Partners LLC lifted its holdings in Philip Morris International by 9.1% in the third quarter. Fidelis Capital Partners LLC now owns 3,840 shares of the company’s stock valued at $354,000 after acquiring an additional 321 shares during the period. Austin Private Wealth LLC grew its stake in shares of Philip Morris International by 17.3% during the 3rd quarter. Austin Private Wealth LLC now owns 2,907 shares of the company’s stock worth $269,000 after purchasing an additional 428 shares during the period. Finally, Avantax Advisory Services Inc. lifted its stake in shares of Philip Morris International by 4.9% in the 3rd quarter. Avantax Advisory Services Inc. now owns 52,795 shares of the company’s stock valued at $4,888,000 after purchasing an additional 2,487 shares during the period. Hedge funds and other institutional investors own 79.70% of the company’s stock.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, insider Wilde Frederic De sold 10,000 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 198,447 shares in the company, valued at $18,703,629.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.15% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

Get Our Latest Analysis on Philip Morris International

Philip Morris International Stock Performance

PM opened at $92.99 on Monday. The business’s 50 day moving average price is $93.47 and its 200 day moving average price is $93.71. The stock has a market capitalization of $144.36 billion, a PE ratio of 18.06, a P/E/G ratio of 2.48 and a beta of 0.63. Philip Morris International Inc. has a one year low of $87.23 and a one year high of $103.79.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Thursday, December 21st were issued a $1.30 dividend. The ex-dividend date of this dividend was Wednesday, December 20th. This represents a $5.20 annualized dividend and a yield of 5.59%. Philip Morris International’s dividend payout ratio (DPR) is currently 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.

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

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