Missouri Trust & Investment Co Purchases 135 Shares of Philip Morris International Inc. (NYSE:PM)

Missouri Trust & Investment Co raised its holdings in Philip Morris International Inc. (NYSE:PM) by 5.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,435 shares of the company’s stock after purchasing an additional 135 shares during the period. Missouri Trust & Investment Co’s holdings in Philip Morris International were worth $293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. raised its position in Philip Morris International by 24.5% in the second quarter. American Century Companies Inc. now owns 8,701 shares of the company’s stock worth $882,000 after purchasing an additional 1,715 shares in the last quarter. ProShare Advisors LLC raised its holdings in shares of Philip Morris International by 8.8% in the 2nd quarter. ProShare Advisors LLC now owns 210,703 shares of the company’s stock worth $21,351,000 after buying an additional 17,094 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Philip Morris International by 24.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,846 shares of the company’s stock worth $694,000 after buying an additional 1,333 shares during the period. GCM Grosvenor Holdings LLC acquired a new stake in Philip Morris International in the 2nd quarter valued at $28,372,000. Finally, Mill Creek Capital Advisors LLC grew its position in Philip Morris International by 4.7% in the second quarter. Mill Creek Capital Advisors LLC now owns 3,051 shares of the company’s stock valued at $309,000 after acquiring an additional 136 shares during the period. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Up 1.8 %

PM stock opened at $123.78 on Wednesday. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $134.15. The company has a market cap of $192.46 billion, a P/E ratio of 19.65, a PEG ratio of 1.99 and a beta of 0.54. The business has a fifty day moving average of $125.44 and a 200-day moving average of $121.61.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.09. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. The business had revenue of $9.91 billion during the quarter, compared to the consensus estimate of $9.68 billion. During the same period in the previous year, the firm posted $1.67 earnings per share. Philip Morris International’s revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Philip Morris International Inc. will post 6.5 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 4.36%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s payout ratio is 85.71%.

Analyst Ratings Changes

PM has been the topic of several recent analyst reports. Morgan Stanley initiated coverage on shares of Philip Morris International in a research note on Thursday, January 16th. They issued an “overweight” rating and a $140.00 target price on the stock. The Goldman Sachs Group boosted their price target on shares of Philip Morris International from $126.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Citigroup raised their price objective on shares of Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Stifel Nicolaus reissued a “buy” rating and issued a $145.00 target price (up from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. raised their price target on Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Philip Morris International presently has a consensus rating of “Moderate Buy” and an average price target of $131.35.

Philip Morris International Company 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.