Philip Morris International Inc. (NYSE:PM) Shares Bought by First American Trust FSB

First American Trust FSB increased its stake in Philip Morris International Inc. (NYSE:PM) by 3.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 31,319 shares of the company’s stock after acquiring an additional 950 shares during the quarter. First American Trust FSB’s holdings in Philip Morris International were worth $3,769,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Meridian Wealth Partners LLC grew its position in Philip Morris International by 4.1% during the 4th quarter. Meridian Wealth Partners LLC now owns 1,781 shares of the company’s stock worth $214,000 after purchasing an additional 70 shares in the last quarter. NewSquare Capital LLC raised its position in Philip Morris International by 53.7% during the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock valued at $25,000 after buying an additional 72 shares during the period. Creative Financial Designs Inc. ADV lifted its stake in Philip Morris International by 2.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,628 shares of the company’s stock worth $437,000 after acquiring an additional 73 shares in the last quarter. Balboa Wealth Partners boosted its position in Philip Morris International by 2.0% during the 4th quarter. Balboa Wealth Partners now owns 3,712 shares of the company’s stock worth $447,000 after acquiring an additional 74 shares during the period. Finally, Centurion Wealth Management LLC grew its stake in Philip Morris International by 3.5% during the 4th quarter. Centurion Wealth Management LLC now owns 2,229 shares of the company’s stock valued at $268,000 after acquiring an additional 75 shares in the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Philip Morris International

In other news, VP Reginaldo Dobrowolski sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total transaction of $749,400.00. Following the sale, the vice president now directly owns 20,799 shares in the company, valued at approximately $3,117,354.12. The trade was a 19.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Andre Calantzopoulos sold 40,643 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $149.06, for a total value of $6,058,245.58. Following the completion of the transaction, the chairman now directly owns 561,349 shares of the company’s stock, valued at approximately $83,674,681.94. This trade represents a 6.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 131,822 shares of company stock worth $19,655,585. 0.13% of the stock is currently owned by company insiders.

Philip Morris International Stock Performance

Shares of NYSE PM opened at $151.66 on Tuesday. The business’s 50-day simple moving average is $143.06 and its 200-day simple moving average is $131.40. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $159.51. The firm has a market cap of $235.81 billion, a price-to-earnings ratio of 33.63, a P/E/G ratio of 2.65 and a beta of 0.53.

Philip Morris International (NYSE:PM) last announced its quarterly 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 negative return on equity of 120.08% and a net margin of 7.89%. As a group, equities research analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

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

Analyst Upgrades and Downgrades

PM has been the subject of a number of research analyst reports. UBS Group increased their price target on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a research report on Friday, February 7th. Morgan Stanley assumed coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 target price for the company. Argus upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, March 14th. JPMorgan Chase & Co. increased their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Finally, StockNews.com downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Philip Morris International has a consensus rating of “Moderate Buy” and a consensus target price of $144.56.

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.