Philip Morris International Inc. (NYSE:PM) Stock Position Lifted by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. boosted its holdings in shares of Philip Morris International Inc. (NYSE:PMFree Report) by 40.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 44,324 shares of the company’s stock after acquiring an additional 12,797 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Philip Morris International were worth $4,170,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Moneta Group Investment Advisors LLC lifted its holdings in shares of Philip Morris International by 100,700.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 15,640,144 shares of the company’s stock valued at $1,582,939,000 after acquiring an additional 15,624,628 shares during the period. Invesco Ltd. grew its position in shares of Philip Morris International by 33.5% during the 3rd quarter. Invesco Ltd. now owns 17,147,790 shares of the company’s stock worth $1,587,542,000 after buying an additional 4,304,089 shares during the period. Wellington Management Group LLP boosted its position in shares of Philip Morris International by 12.6% during the third quarter. Wellington Management Group LLP now owns 27,821,802 shares of the company’s stock worth $2,575,742,000 after purchasing an additional 3,121,732 shares in the last quarter. National Bank of Canada FI grew its stake in Philip Morris International by 1,034.0% in the third quarter. National Bank of Canada FI now owns 3,203,649 shares of the company’s stock valued at $292,808,000 after acquiring an additional 2,921,136 shares during the period. Finally, State Street Corp increased its stake in Philip Morris International by 3.1% during the 2nd quarter. State Street Corp now owns 58,592,611 shares of the company’s stock worth $5,793,812,000 after purchasing an additional 1,745,868 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Price Performance

Shares of PM stock traded up $0.16 during trading on Tuesday, reaching $91.60. The company’s stock had a trading volume of 1,886,758 shares, compared to its average volume of 5,389,839. Philip Morris International Inc. has a 1-year low of $87.23 and a 1-year high of $101.92. The company has a market capitalization of $142.21 billion, a price-to-earnings ratio of 18.21, a P/E/G ratio of 2.07 and a beta of 0.61. The stock’s 50-day moving average price is $91.46 and its 200 day moving average price is $92.38.

Philip Morris International (NYSE:PMGet Free Report) last posted its quarterly earnings data on Thursday, February 8th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.08). The company had revenue of $9.05 billion for the quarter, compared to analysts’ expectations of $8.99 billion. Philip Morris International had a net margin of 8.53% and a negative return on equity of 116.29%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.39 earnings per share. On average, sell-side analysts anticipate that Philip Morris International Inc. will post 6.39 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 9th. Investors of record on Thursday, March 21st will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 5.68%. The ex-dividend date of this dividend is Wednesday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is presently 103.59%.

Insiders Place Their Bets

In other news, VP Reginaldo Dobrowolski sold 2,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total transaction of $181,380.00. Following the sale, the vice president now directly owns 9,726 shares of the company’s stock, valued at $882,050.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Philip Morris International news, VP Reginaldo Dobrowolski sold 2,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total value of $181,380.00. Following the transaction, the vice president now directly owns 9,726 shares of the company’s stock, valued at approximately $882,050.94. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Massimo Andolina sold 8,250 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $93.63, for a total transaction of $772,447.50. Following the transaction, the insider now directly owns 94,629 shares in the company, valued at $8,860,113.27. The disclosure for this sale can be found here. Insiders have sold 15,250 shares of company stock valued at $1,411,128 over the last quarter. Insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on PM shares. UBS Group downgraded shares of Philip Morris International from a “buy” rating to a “sell” rating and cut their price objective for the company from $105.00 to $86.50 in a report on Tuesday, January 23rd. Societe Generale upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price target for the company in a report on Tuesday, February 13th. Finally, Argus reiterated a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $105.40.

Get Our Latest Stock Report on PM

Philip Morris International 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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