Stock Yards Bank & Trust Co. Raises Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Stock Yards Bank & Trust Co. lifted its stake in shares of Philip Morris International Inc. (NYSE:PM) by 0.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 107,978 shares of the company’s stock after purchasing an additional 972 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Philip Morris International were worth $17,139,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. NewSquare Capital LLC raised its holdings in shares of Philip Morris International by 53.7% during the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock worth $25,000 after acquiring an additional 72 shares in the last quarter. Pacifica Partners Inc. raised its stake in shares of Philip Morris International by 115.0% in the first quarter. Pacifica Partners Inc. now owns 215 shares of the company’s stock valued at $35,000 after acquiring an additional 115 shares during the last quarter. Ameriflex Group Inc. bought a new position in Philip Morris International in the 4th quarter worth approximately $36,000. Knuff & Co LLC bought a new position in Philip Morris International in the 4th quarter worth approximately $36,000. Finally, Ball & Co Wealth Management Inc. bought a new position in Philip Morris International in the 4th quarter worth approximately $36,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Trading Down 0.0%

Shares of NYSE PM opened at $184.01 on Friday. The firm has a market cap of $286.41 billion, a PE ratio of 40.80, a PEG ratio of 2.65 and a beta of 0.52. Philip Morris International Inc. has a 1-year low of $98.93 and a 1-year high of $185.16. The company has a fifty day moving average price of $170.67 and a 200 day moving average price of $149.22.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.08. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The company had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same period in the prior year, the business posted $1.50 EPS. The company’s quarterly revenue was up 5.8% on a year-over-year basis. Equities research analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.93%. Philip Morris International’s dividend payout ratio is 111.34%.

Wall Street Analyst Weigh In

PM has been the subject of a number of analyst reports. Morgan Stanley reaffirmed an “overweight” rating and set a $182.00 target price (up previously from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Needham & Company LLC began coverage on shares of Philip Morris International in a research report on Thursday, May 22nd. They issued a “buy” rating for the company. JPMorgan Chase & Co. upped their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Bank of America increased their price target on Philip Morris International from $182.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. Finally, Wall Street Zen downgraded Philip Morris International from a “buy” rating to a “hold” rating in a report on Friday, May 30th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $176.80.

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.