US Bancorp DE Has $80.49 Million Stock Position in Philip Morris International Inc. (NYSE:PM)

US Bancorp DE lessened its holdings in Philip Morris International Inc. (NYSE:PM) by 0.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 668,827 shares of the company’s stock after selling 475 shares during the period. US Bancorp DE’s holdings in Philip Morris International were worth $80,494,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Fisher Asset Management LLC lifted its holdings in Philip Morris International by 34.9% in the 4th quarter. Fisher Asset Management LLC now owns 14,802 shares of the company’s stock worth $1,781,000 after purchasing an additional 3,829 shares during the last quarter. Maple Capital Management Inc. bought a new position in shares of Philip Morris International in the fourth quarter valued at approximately $204,000. SVB Wealth LLC bought a new position in shares of Philip Morris International in the fourth quarter valued at approximately $1,207,000. Flputnam Investment Management Co. lifted its stake in shares of Philip Morris International by 1.2% in the fourth quarter. Flputnam Investment Management Co. now owns 9,123 shares of the company’s stock worth $1,098,000 after buying an additional 105 shares during the last quarter. Finally, Dynasty Wealth Management LLC boosted its holdings in shares of Philip Morris International by 4.4% during the 4th quarter. Dynasty Wealth Management LLC now owns 20,453 shares of the company’s stock worth $2,462,000 after buying an additional 866 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

PM has been the topic of several recent analyst reports. Morgan Stanley began coverage on shares of Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 target price on the stock. UBS Group lifted their price objective on Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a research note on Friday, February 7th. Barclays increased their target price on Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday. StockNews.com downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Finally, Stifel Nicolaus increased their price objective on Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Philip Morris International currently has a consensus rating of “Moderate Buy” and a consensus target price of $144.56.

Philip Morris International Trading Up 0.8 %

PM opened at $155.26 on Friday. The stock’s 50 day simple moving average is $132.90 and its 200-day simple moving average is $127.81. The stock has a market cap of $241.41 billion, a PE ratio of 34.43, a P/E/G ratio of 2.65 and a beta of 0.55. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $158.39.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (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%. Equities analysts forecast 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 disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s payout ratio is 119.73%.

Insider Activity

In related news, SVP Yann Guerin sold 2,500 shares of Philip Morris International stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $151.28, for a total transaction of $378,200.00. Following the completion of the transaction, the senior vice president now directly owns 30,308 shares of the company’s stock, valued at $4,584,994.24. This trade represents a 7.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Andre Calantzopoulos sold 40,643 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $149.06, for a total transaction of $6,058,245.58. Following the sale, the chairman now directly owns 561,349 shares in the company, valued at $83,674,681.94. This represents a 6.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 128,143 shares of company stock worth $19,092,846. Company insiders own 0.13% of the company’s stock.

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.