Penobscot Investment Management Company Inc. Purchases 100 Shares of Philip Morris International Inc. (NYSE:PM)

Penobscot Investment Management Company Inc. raised its position in Philip Morris International Inc. (NYSE:PM) by 3.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,354 shares of the company’s stock after acquiring an additional 100 shares during the period. Penobscot Investment Management Company Inc.’s holdings in Philip Morris International were worth $404,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Meiji Yasuda Asset Management Co Ltd. increased its position in shares of Philip Morris International by 5.9% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 79,620 shares of the company’s stock valued at $9,582,000 after purchasing an additional 4,416 shares during the period. Baxter Bros Inc. increased its holdings in Philip Morris International by 3.8% in the 4th quarter. Baxter Bros Inc. now owns 3,677 shares of the company’s stock valued at $443,000 after buying an additional 136 shares during the period. PKS Advisory Services LLC acquired a new position in shares of Philip Morris International in the 4th quarter valued at $343,000. First American Trust FSB lifted its holdings in shares of Philip Morris International by 3.1% during the 4th quarter. First American Trust FSB now owns 31,319 shares of the company’s stock worth $3,769,000 after acquiring an additional 950 shares during the period. Finally, Ashton Thomas Securities LLC boosted its position in shares of Philip Morris International by 25.8% during the 4th quarter. Ashton Thomas Securities LLC now owns 10,215 shares of the company’s stock valued at $1,230,000 after acquiring an additional 2,094 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Up 1.4 %

PM opened at $154.27 on Thursday. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $159.51. The stock has a market capitalization of $239.87 billion, a PE ratio of 34.21, a PEG ratio of 2.65 and a beta of 0.53. The firm has a 50-day moving average price of $144.45 and a two-hundred day moving average price of $131.75.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. On average, research analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th will be paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend is Thursday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is presently 119.73%.

Insider Activity at Philip Morris International

In related news, insider Lars Dahlgren sold 3,679 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $152.96, for a total value of $562,739.84. Following the transaction, the insider now directly owns 26,828 shares in the company, valued at $4,103,610.88. This represents a 12.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Reginaldo Dobrowolski sold 5,000 shares of Philip Morris International stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total transaction of $749,400.00. Following the sale, the vice president now directly owns 20,799 shares of the company’s stock, valued at $3,117,354.12. This represents a 19.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 131,822 shares of company stock worth $19,655,585 over the last 90 days. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on PM shares. Morgan Stanley assumed coverage on shares of Philip Morris International in a research note on Thursday, January 16th. They set an “overweight” rating and a $140.00 price target for the company. UBS Group raised their target price on Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a research report on Friday, February 7th. StockNews.com cut Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Argus raised Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, March 14th. Finally, JPMorgan Chase & Co. upped their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Philip Morris International has a consensus rating of “Moderate Buy” and an average price target of $144.56.

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.