Fidelity D & D Bancorp Inc. Has $507,000 Stake in Philip Morris International Inc. (NYSE:PM)

Fidelity D & D Bancorp Inc. decreased its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 5.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,530 shares of the company’s stock after selling 311 shares during the quarter. Fidelity D & D Bancorp Inc.’s holdings in Philip Morris International were worth $507,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Tennessee Valley Asset Management Partners acquired a new stake in Philip Morris International in the fourth quarter valued at $33,000. Northwest Financial Advisors acquired a new stake in Philip Morris International in the fourth quarter valued at $33,000. Ables Iannone Moore & Associates Inc. acquired a new stake in Philip Morris International in the fourth quarter valued at $38,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of Philip Morris International during the 4th quarter worth about $39,000. Finally, Quarry LP lifted its stake in shares of Philip Morris International by 307.5% during the 4th quarter. Quarry LP now owns 436 shares of the company’s stock worth $41,000 after buying an additional 329 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PM. Stifel Nicolaus raised their target price on shares of Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Philip Morris International has an average rating of “Hold” and an average price target of $104.22.

Philip Morris International Trading Down 0.2 %

NYSE:PM traded down $0.24 during mid-day trading on Friday, hitting $101.33. 7,299,472 shares of the company’s stock were exchanged, compared to its average volume of 5,042,973. The firm has a market capitalization of $157.52 billion, a P/E ratio of 19.80, a PEG ratio of 2.09 and a beta of 0.57. Philip Morris International Inc. has a fifty-two week low of $87.23 and a fifty-two week high of $104.90. The company has a 50 day simple moving average of $100.08 and a 200-day simple moving average of $94.93.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. The firm had revenue of $8.79 billion for the quarter, compared to the consensus estimate of $8.44 billion. Philip Morris International had a net margin of 8.58% and a negative return on equity of 113.26%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.38 EPS. As a group, analysts expect that Philip Morris International Inc. will post 6.32 earnings per share for the current year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 8th. Stockholders of record on Friday, June 21st will be given a $1.30 dividend. The ex-dividend date is Friday, June 21st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.13%. Philip Morris International’s dividend payout ratio (DPR) is currently 101.56%.

Insider Activity

In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the business’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the completion of the sale, the insider now owns 178,447 shares in the company, valued at approximately $17,205,859.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is currently owned by company insiders.

Philip Morris International Company 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.