First Western Trust Bank Has $1.09 Million Stock Holdings in Philip Morris International Inc. (NYSE:PM)

First Western Trust Bank lessened its holdings in Philip Morris International Inc. (NYSE:PM) by 2.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,841 shares of the company’s stock after selling 144 shares during the period. First Western Trust Bank’s holdings in Philip Morris International were worth $1,086,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Philip Morris International by 0.9% during the first quarter. Vanguard Group Inc. now owns 140,621,675 shares of the company’s stock worth $22,320,878,000 after buying an additional 1,189,283 shares in the last quarter. Capital World Investors increased its holdings in shares of Philip Morris International by 3.6% in the fourth quarter. Capital World Investors now owns 122,584,210 shares of the company’s stock valued at $14,752,926,000 after purchasing an additional 4,216,586 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Philip Morris International by 11.0% in the fourth quarter. Northern Trust Corp now owns 13,630,177 shares of the company’s stock valued at $1,640,392,000 after purchasing an additional 1,347,503 shares in the last quarter. Fayez Sarofim & Co increased its holdings in shares of Philip Morris International by 7.1% in the fourth quarter. Fayez Sarofim & Co now owns 10,313,383 shares of the company’s stock valued at $1,241,216,000 after purchasing an additional 685,431 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Philip Morris International by 57.5% in the first quarter. Goldman Sachs Group Inc. now owns 9,794,530 shares of the company’s stock valued at $1,554,686,000 after purchasing an additional 3,575,158 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Philip Morris International from $175.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. KGI Securities initiated coverage on shares of Philip Morris International in a research note on Monday. They issued an “outperform” rating on the stock. UBS Group lifted their price target on shares of Philip Morris International from $170.00 to $181.00 and gave the stock a “neutral” rating in a research report on Monday, July 14th. Stifel Nicolaus lifted 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 report on Thursday, April 24th. Finally, Jefferies Financial Group initiated coverage on shares of Philip Morris International in a research report on Wednesday, July 9th. They set a “buy” rating and a $220.00 price target on the stock. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $186.27.

Philip Morris International Price Performance

Shares of NYSE:PM opened at $170.23 on Friday. The company’s 50-day moving average price is $176.29 and its two-hundred day moving average price is $163.16. Philip Morris International Inc. has a one year low of $115.62 and a one year high of $186.69. The stock has a market capitalization of $264.98 billion, a PE ratio of 32.36, a price-to-earnings-growth ratio of 2.45 and a beta of 0.48.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.86 by $0.05. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The firm had revenue of $10.14 billion for the quarter, compared to analysts’ expectations of $10.33 billion. During the same period in the previous year, the firm posted $1.59 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, analysts anticipate that Philip Morris International Inc. will post 7.14 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, July 15th. Stockholders of record on Friday, June 27th were paid a dividend of $1.35 per share. The ex-dividend date was Friday, June 27th. This represents a $5.40 annualized dividend and a dividend yield of 3.2%. Philip Morris International’s payout ratio is currently 102.66%.

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.