First Bank & Trust Sells 5,815 Shares of Philip Morris International Inc. (NYSE:PM)

First Bank & Trust cut its stake in shares of Philip Morris International Inc. (NYSE:PM) by 13.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,901 shares of the company’s stock after selling 5,815 shares during the quarter. Philip Morris International makes up about 0.9% of First Bank & Trust’s portfolio, making the stock its 21st largest position. First Bank & Trust’s holdings in Philip Morris International were worth $4,441,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Concurrent Investment Advisors LLC raised its holdings in Philip Morris International by 3.5% during the fourth quarter. Concurrent Investment Advisors LLC now owns 30,454 shares of the company’s stock worth $3,665,000 after buying an additional 1,033 shares during the last quarter. Advyzon Investment Management LLC acquired a new position in Philip Morris International during the fourth quarter worth $361,000. Corps Capital Advisors LLC acquired a new position in Philip Morris International during the fourth quarter worth $2,407,000. Cumberland Partners Ltd raised its holdings in Philip Morris International by 12.5% during the fourth quarter. Cumberland Partners Ltd now owns 62,825 shares of the company’s stock worth $7,561,000 after buying an additional 6,965 shares during the last quarter. Finally, Ieq Capital LLC raised its holdings in Philip Morris International by 72.8% during the fourth quarter. Ieq Capital LLC now owns 93,105 shares of the company’s stock worth $11,205,000 after buying an additional 39,215 shares during the last quarter. 78.63% of the stock is owned by institutional investors.

Philip Morris International Stock Performance

PM opened at $149.64 on Thursday. The firm has a market cap of $232.67 billion, a P/E ratio of 33.18, a PEG ratio of 2.60 and a beta of 0.55. The firm has a 50-day moving average of $128.76 and a 200 day moving average of $125.90. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $151.22.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate 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%. Equities research analysts predict that Philip Morris International Inc. will post 7.13 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were given a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a yield of 3.61%. Philip Morris International’s dividend payout ratio is presently 119.73%.

Insiders Place Their Bets

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 5,000 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $149.88, for a total transaction of $749,400.00. Following the completion of the transaction, the vice president now owns 20,799 shares in the company, valued at $3,117,354.12. This trade represents a 19.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

PM has been the topic of several research reports. Stifel Nicolaus upped their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Barclays lowered their target price on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. JPMorgan Chase & Co. increased their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Tuesday. StockNews.com downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Finally, Morgan Stanley started coverage on shares of Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $141.22.

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.