WASHINGTON TRUST Co Has $685,000 Holdings in Philip Morris International Inc. (NYSE:PM)

WASHINGTON TRUST Co boosted its stake in shares of Philip Morris International Inc. (NYSE:PM) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,279 shares of the company’s stock after purchasing an additional 150 shares during the quarter. WASHINGTON TRUST Co’s holdings in Philip Morris International were worth $685,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of PM. Headlands Technologies LLC acquired a new stake in Philip Morris International during the 3rd quarter valued at $27,000. PCA Investment Advisory Services Inc. acquired a new stake in shares of Philip Morris International during the second quarter worth $27,000. DHJJ Financial Advisors Ltd. acquired a new stake in shares of Philip Morris International during the third quarter worth $36,000. Legacy Financial Group LLC acquired a new stake in shares of Philip Morris International during the third quarter worth $37,000. Finally, VitalStone Financial LLC lifted its holdings in shares of Philip Morris International by 950.0% during the second quarter. VitalStone Financial LLC now owns 420 shares of the company’s stock worth $41,000 after buying an additional 380 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Performance

PM traded down $0.26 during midday trading on Thursday, hitting $91.97. The stock had a trading volume of 2,210,415 shares, compared to its average volume of 5,379,173. The company has a market cap of $142.78 billion, a P/E ratio of 18.39, a price-to-earnings-growth ratio of 2.04 and a beta of 0.61. The business has a fifty day moving average of $91.56 and a 200 day moving average of $92.48. Philip Morris International Inc. has a 1 year low of $87.23 and a 1 year high of $101.92.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, February 8th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.08). Philip Morris International had a net margin of 8.53% and a negative return on equity of 116.29%. The company had revenue of $9.05 billion during the quarter, compared to the consensus estimate of $8.99 billion. During the same quarter in the previous year, the firm posted $1.39 EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, equities research analysts anticipate that Philip Morris International Inc. will post 6.39 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 9th. Investors of record on Thursday, March 21st will be issued a dividend of $1.30 per share. The ex-dividend date is Wednesday, March 20th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.65%. Philip Morris International’s dividend payout ratio is presently 103.59%.

Insider Activity at Philip Morris International

In related news, VP Reginaldo Dobrowolski sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total transaction of $181,380.00. Following the completion of the transaction, the vice president now owns 9,726 shares in the company, valued at $882,050.94. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, VP Reginaldo Dobrowolski sold 2,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total value of $181,380.00. Following the sale, the vice president now directly owns 9,726 shares of the company’s stock, valued at $882,050.94. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Massimo Andolina sold 8,250 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $93.63, for a total value of $772,447.50. Following the completion of the sale, the insider now directly owns 94,629 shares in the company, valued at $8,860,113.27. The disclosure for this sale can be found here. Insiders sold a total of 15,250 shares of company stock worth $1,411,128 over the last quarter. 0.13% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently commented on PM. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. Societe Generale upgraded Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 target price on the stock in a research note on Tuesday, February 13th. JPMorgan Chase & Co. lifted their target price on Philip Morris International from $110.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 29th. Finally, UBS Group cut Philip Morris International from a “buy” rating to a “sell” rating and lowered their target price for the stock from $105.00 to $86.50 in a research note on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Philip Morris International has a consensus rating of “Hold” and an average target price of $105.40.

About Philip Morris International

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.