2,370 Shares in Philip Morris International Inc. (NYSE:PM) Acquired by First American Trust FSB

First American Trust FSB bought a new position in Philip Morris International Inc. (NYSE:PM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,370 shares of the company’s stock, valued at approximately $223,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Studio Investment Management LLC boosted its position in shares of Philip Morris International by 33.8% during the fourth quarter. Studio Investment Management LLC now owns 428 shares of the company’s stock worth $43,000 after buying an additional 108 shares during the period. PFG Investments LLC boosted its position in Philip Morris International by 1.9% during the 4th quarter. PFG Investments LLC now owns 5,951 shares of the company’s stock worth $560,000 after acquiring an additional 109 shares during the last quarter. Townsend Asset Management Corp NC ADV boosted its position in Philip Morris International by 3.8% during the 3rd quarter. Townsend Asset Management Corp NC ADV now owns 2,993 shares of the company’s stock worth $277,000 after acquiring an additional 110 shares during the last quarter. CGC Financial Services LLC grew its stake in shares of Philip Morris International by 8.2% during the 4th quarter. CGC Financial Services LLC now owns 1,453 shares of the company’s stock worth $137,000 after acquiring an additional 110 shares in the last quarter. Finally, Raleigh Capital Management Inc. raised its holdings in shares of Philip Morris International by 0.3% in the third quarter. Raleigh Capital Management Inc. now owns 36,857 shares of the company’s stock valued at $3,412,000 after purchasing an additional 112 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on PM shares. UBS Group lowered shares of Philip Morris International from a “buy” rating to a “sell” rating and lowered their price target for the company from $105.00 to $86.50 in a research note on Tuesday, January 23rd. 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 report on Tuesday, February 13th. Finally, Argus reissued a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Philip Morris International has an average rating of “Hold” and an average price target of $105.40.

Insider Activity

In other news, insider Massimo Andolina sold 8,250 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $93.63, for a total transaction of $772,447.50. Following the completion of the sale, the insider now owns 94,629 shares of the company’s stock, valued at approximately $8,860,113.27. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Massimo Andolina sold 8,250 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $93.63, for a total value of $772,447.50. Following the sale, the insider now directly owns 94,629 shares of the company’s stock, valued at $8,860,113.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Werner Barth sold 5,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $91.46, for a total value of $457,300.00. Following the transaction, the insider now directly owns 102,918 shares of the company’s stock, valued at approximately $9,412,880.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,250 shares of company stock valued at $1,411,128. 0.14% of the stock is owned by insiders.

Philip Morris International Stock Performance

PM traded up $0.49 during trading hours on Tuesday, reaching $89.09. The company’s stock had a trading volume of 945,984 shares, compared to its average volume of 5,452,822. The company’s 50-day moving average is $91.13 and its 200-day moving average is $92.05. Philip Morris International Inc. has a 52 week low of $87.23 and a 52 week high of $101.92. The firm has a market cap of $138.49 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 2.01 and a beta of 0.61.

Philip Morris International (NYSE:PM) last issued 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). The company had revenue of $9.05 billion during the quarter, compared to the consensus estimate of $8.99 billion. Philip Morris International had a net margin of 8.53% and a negative return on equity of 116.29%. Philip Morris International’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.39 earnings per share. Equities analysts anticipate that Philip Morris International Inc. will post 6.37 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st were issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.84%. The ex-dividend date was Wednesday, March 20th. Philip Morris International’s dividend payout ratio is presently 103.59%.

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.