Fiduciary Trust Co Raises Holdings in Philip Morris International Inc. (NYSE:PM)

Fiduciary Trust Co grew its stake in Philip Morris International Inc. (NYSE:PM) by 1.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 33,315 shares of the company’s stock after buying an additional 468 shares during the quarter. Fiduciary Trust Co’s holdings in Philip Morris International were worth $4,009,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in PM. GQG Partners LLC boosted its holdings in Philip Morris International by 14.3% in the fourth quarter. GQG Partners LLC now owns 48,746,809 shares of the company’s stock valued at $5,866,678,000 after purchasing an additional 6,092,558 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Philip Morris International during the 4th quarter worth approximately $522,214,000. Kovitz Investment Group Partners LLC boosted its holdings in shares of Philip Morris International by 372.2% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 5,453,285 shares of the company’s stock valued at $656,303,000 after buying an additional 4,298,530 shares in the last quarter. Capital World Investors grew its position in shares of Philip Morris International by 3.6% in the 4th quarter. Capital World Investors now owns 122,584,210 shares of the company’s stock valued at $14,752,926,000 after buying an additional 4,216,586 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Philip Morris International by 9.9% during the 4th quarter. Geode Capital Management LLC now owns 35,286,582 shares of the company’s stock worth $4,241,837,000 after acquiring an additional 3,185,258 shares in the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Stock Down 1.4 %

Shares of NYSE:PM opened at $169.61 on Friday. Philip Morris International Inc. has a 52 week low of $98.93 and a 52 week high of $176.49. The company has a 50-day moving average price of $158.92 and a 200 day moving average price of $141.05. The company has a market cap of $264.00 billion, a P/E ratio of 37.61, a PEG ratio of 2.65 and a beta of 0.50.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.61 by $0.08. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The business had revenue of $9.30 billion during the quarter, compared to analysts’ expectations of $9.10 billion. During the same period last year, the firm earned $1.50 EPS. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. Analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 20th were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend was Thursday, March 20th. Philip Morris International’s dividend payout ratio is currently 111.34%.

Insiders Place Their Bets

In related news, CEO Jacek Olczak sold 40,000 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $148.87, for a total value of $5,954,800.00. Following the sale, the chief executive officer now directly owns 547,426 shares of the company’s stock, valued at approximately $81,495,308.62. This represents a 6.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Werner Barth sold 10,000 shares of Philip Morris International stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $148.67, for a total transaction of $1,486,700.00. Following the transaction, the insider now owns 106,244 shares of the company’s stock, valued at approximately $15,795,295.48. The trade was a 8.60 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 131,822 shares of company stock worth $19,655,585. 0.13% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Morgan Stanley reaffirmed an “overweight” rating and set a $182.00 price objective (up previously from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. JPMorgan Chase & Co. lifted their price target on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Barclays boosted their price objective on Philip Morris International from $175.00 to $205.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Citigroup lifted their target price on shares of Philip Morris International from $163.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, April 16th. Finally, Stifel Nicolaus increased their price target on shares of Philip Morris International from $168.00 to $186.00 and gave the stock a “buy” rating in a research note on Thursday, April 24th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Philip Morris International presently has a consensus rating of “Moderate Buy” and a consensus target price of $166.33.

Philip Morris International 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.