First American Trust FSB Buys 950 Shares of Philip Morris International Inc. (NYSE:PM)

First American Trust FSB raised its stake in shares of Philip Morris International Inc. (NYSE:PM) by 3.1% in the fourth quarter, Holdings Channel reports. The fund owned 31,319 shares of the company’s stock after acquiring an additional 950 shares during the period. First American Trust FSB’s holdings in Philip Morris International were worth $3,769,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PM. NewSquare Capital LLC lifted its holdings in Philip Morris International by 53.7% during the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock valued at $25,000 after purchasing an additional 72 shares during the last quarter. Dunhill Financial LLC grew its stake in Philip Morris International by 203.8% during the third quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock worth $29,000 after buying an additional 161 shares during the last quarter. McClarren Financial Advisors Inc. acquired a new stake in shares of Philip Morris International during the fourth quarter worth approximately $33,000. Knuff & Co LLC bought a new position in shares of Philip Morris International in the fourth quarter valued at approximately $36,000. Finally, Sierra Ocean LLC acquired a new position in shares of Philip Morris International in the 4th quarter worth approximately $37,000. 78.63% of the stock is owned by institutional investors.

Philip Morris International Trading Up 0.1 %

Shares of NYSE PM opened at $151.66 on Tuesday. The firm’s 50-day moving average is $143.06 and its 200-day moving average is $131.40. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $159.51. The firm has a market capitalization of $235.81 billion, a PE ratio of 33.63, a price-to-earnings-growth ratio of 2.65 and a beta of 0.53.

Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, February 6th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.49 by $0.06. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. As a group, equities research analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th will be paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.56%. The ex-dividend date is Thursday, March 20th. Philip Morris International’s payout ratio is 119.73%.

Insider Buying and Selling at Philip Morris International

In related news, CEO Jacek Olczak sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $148.87, for a total transaction of $5,954,800.00. Following the completion of the transaction, the chief executive officer now owns 547,426 shares in the company, valued at approximately $81,495,308.62. The trade was a 6.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lars Dahlgren sold 3,679 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $152.96, for a total transaction of $562,739.84. Following the completion of the sale, the insider now owns 26,828 shares in the company, valued at approximately $4,103,610.88. This trade represents a 12.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 131,822 shares of company stock valued at $19,655,585. 0.13% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

PM has been the topic of a number of research analyst reports. Stifel Nicolaus increased their price target on Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. raised their target price on Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Barclays upped their price target on shares of Philip Morris International from $145.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Morgan Stanley began coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective for the company. Finally, StockNews.com downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Philip Morris International has a consensus rating of “Moderate Buy” and a consensus target price of $144.56.

Philip Morris International Profile

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.