Capital City Trust Co. FL Sells 249 Shares of Philip Morris International Inc. (NYSE:PM)

Capital City Trust Co. FL reduced its stake in shares of Philip Morris International Inc. (NYSE:PM) by 1.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,238 shares of the company’s stock after selling 249 shares during the period. Capital City Trust Co. FL’s holdings in Philip Morris International were worth $2,214,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Quest Partners LLC raised its position in Philip Morris International by 233.8% during the 3rd quarter. Quest Partners LLC now owns 21,993 shares of the company’s stock worth $2,670,000 after purchasing an additional 15,404 shares during the last quarter. Aljian Capital Management LLC bought a new position in Philip Morris International during the 3rd quarter worth $1,035,000. Swiss National Bank raised its position in Philip Morris International by 0.4% during the 3rd quarter. Swiss National Bank now owns 4,614,200 shares of the company’s stock worth $560,164,000 after purchasing an additional 17,700 shares during the last quarter. Thrivent Financial for Lutherans raised its position in Philip Morris International by 12.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,786,078 shares of the company’s stock worth $216,830,000 after purchasing an additional 193,308 shares during the last quarter. Finally, Atlanta Consulting Group Advisors LLC bought a new position in Philip Morris International during the 3rd quarter worth $1,135,000. 78.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PM. Deutsche Bank Aktiengesellschaft raised their target price on Philip Morris International from $118.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. StockNews.com raised Philip Morris International from a “hold” rating to a “buy” rating in a research report on Monday, July 22nd. The Goldman Sachs Group lifted their price objective on Philip Morris International from $126.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Barclays lifted their price objective on Philip Morris International from $145.00 to $155.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $145.00 price objective (up from $138.00) on shares of Philip Morris International in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $131.50.

Philip Morris International Price Performance

Shares of Philip Morris International stock opened at $128.59 on Monday. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $134.15. The firm has a market capitalization of $199.94 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 2.25 and a beta of 0.54. The business has a 50-day simple moving average of $124.30 and a 200 day simple moving average of $113.69.

Philip Morris International (NYSE:PM) last issued its earnings results on Tuesday, October 22nd. The company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.09. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. The business had revenue of $9.91 billion during the quarter, compared to analyst estimates of $9.68 billion. During the same period in the previous year, the company posted $1.67 EPS. The firm’s revenue was up 8.4% compared to the same quarter last year. On average, sell-side analysts expect that Philip Morris International Inc. will post 6.51 EPS for the current year.

Philip Morris International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Thursday, September 26th were given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 4.20%. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Thursday, September 26th. Philip Morris International’s payout ratio is presently 85.71%.

Insider Activity at Philip Morris International

In other Philip Morris International news, Chairman Andre Calantzopoulos sold 101,918 shares of Philip Morris International stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $129.85, for a total transaction of $13,234,052.30. Following the completion of the transaction, the chairman now owns 959,761 shares in the company, valued at approximately $124,624,965.85. The trade was a 9.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Werner Barth sold 7,500 shares of Philip Morris International stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $129.98, for a total value of $974,850.00. Following the transaction, the insider now owns 95,418 shares of the company’s stock, valued at $12,402,431.64. This trade represents a 7.29 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

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.