Farmers Trust Co. lifted its position in shares of Philip Morris International Inc. (NYSE:PM) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,097 shares of the company’s stock after purchasing an additional 225 shares during the period. Farmers Trust Co.’s holdings in Philip Morris International were worth $1,141,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Schroder Investment Management Group boosted its holdings in Philip Morris International by 8.9% in the 2nd quarter. Schroder Investment Management Group now owns 3,868,088 shares of the company’s stock valued at $315,869,000 after purchasing an additional 316,898 shares in the last quarter. Andra AP fonden boosted its stake in shares of Philip Morris International by 87.1% during the 2nd quarter. Andra AP fonden now owns 73,700 shares of the company’s stock worth $5,951,000 after acquiring an additional 34,300 shares in the last quarter. LFA Lugano Financial Advisors SA purchased a new stake in shares of Philip Morris International during the 2nd quarter worth approximately $183,000. Summit X LLC boosted its stake in shares of Philip Morris International by 101.9% during the 2nd quarter. Summit X LLC now owns 16,781 shares of the company’s stock worth $1,352,000 after acquiring an additional 8,470 shares in the last quarter. Finally, Cibc Bank USA boosted its stake in shares of Philip Morris International by 1.6% during the 3rd quarter. Cibc Bank USA now owns 46,060 shares of the company’s stock worth $3,755,000 after acquiring an additional 729 shares in the last quarter. Institutional investors and hedge funds own 72.68% of the company’s stock.
PM has been the topic of several research analyst reports. Zacks Investment Research lowered Philip Morris International from a “hold” rating to a “sell” rating in a research note on Monday, September 24th. Piper Jaffray Companies set a $99.00 price target on Philip Morris International and gave the stock a “buy” rating in a research note on Wednesday, October 10th. Credit Suisse Group lowered Philip Morris International from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $92.00 to $74.00 in a research note on Tuesday, December 18th. ValuEngine raised Philip Morris International from a “sell” rating to a “hold” rating in a research note on Thursday, October 18th. Finally, Sanford C. Bernstein began coverage on Philip Morris International in a research note on Tuesday, October 16th. They issued an “outperform” rating and a $97.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. Philip Morris International has an average rating of “Hold” and an average target price of $92.08.
Shares of PM opened at $73.79 on Friday. The firm has a market capitalization of $114.71 billion, a price-to-earnings ratio of 14.30, a price-to-earnings-growth ratio of 1.60 and a beta of 0.86. Philip Morris International Inc. has a fifty-two week low of $64.67 and a fifty-two week high of $111.25.
Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, October 18th. The company reported $1.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.16. The company had revenue of $7.50 billion during the quarter, compared to the consensus estimate of $7.16 billion. Philip Morris International had a negative return on equity of 78.80% and a net margin of 8.20%. Philip Morris International’s revenue was up .4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.27 EPS. Equities research analysts anticipate that Philip Morris International Inc. will post 5.01 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 11th. Shareholders of record on Thursday, December 20th were issued a $1.14 dividend. The ex-dividend date was Wednesday, December 19th. This represents a $4.56 annualized dividend and a yield of 6.18%. Philip Morris International’s dividend payout ratio (DPR) is presently 92.49%.
In other news, Director Louis C. Camilleri sold 59,495 shares of the company’s stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $86.98, for a total transaction of $5,174,875.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.22% of the company’s stock.
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About Philip Morris International
Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, Philip Morris, Merit, Virginia S., Muratti, and Next.
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