Philip Morris International Inc. (NYSE:PM) Shares Acquired by Equitable Trust Co.

Equitable Trust Co. grew its stake in shares of Philip Morris International Inc. (NYSE:PM) by 12.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 14,174 shares of the company’s stock after acquiring an additional 1,575 shares during the quarter. Equitable Trust Co.’s holdings in Philip Morris International were worth $1,721,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Leavell Investment Management Inc. lifted its position in shares of Philip Morris International by 2.3% in the 3rd quarter. Leavell Investment Management Inc. now owns 10,606 shares of the company’s stock valued at $1,302,000 after acquiring an additional 242 shares in the last quarter. Beckerman Institutional LLC acquired a new stake in Philip Morris International during the 3rd quarter valued at $462,000. Hollencrest Capital Management lifted its holdings in shares of Philip Morris International by 0.3% in the third quarter. Hollencrest Capital Management now owns 117,784 shares of the company’s stock valued at $14,299,000 after purchasing an additional 310 shares in the last quarter. Philip James Wealth Mangement LLC acquired a new stake in shares of Philip Morris International in the third quarter worth $564,000. Finally, Verity Asset Management Inc. raised its position in Philip Morris International by 0.4% during the third quarter. Verity Asset Management Inc. now owns 28,508 shares of the company’s stock valued at $3,510,000 after buying an additional 118 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Price Performance

Philip Morris International stock opened at $126.24 on Friday. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $134.15. The company’s fifty day moving average price is $124.21 and its two-hundred day moving average price is $112.41. The company has a market capitalization of $196.28 billion, a price-to-earnings ratio of 20.04, a PEG ratio of 2.19 and a beta of 0.54.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.91 earnings per share 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 for the quarter, compared to the consensus estimate of $9.68 billion. During the same period last year, the business earned $1.67 EPS. The firm’s revenue was up 8.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Philip Morris International Inc. will post 6.51 earnings per share for the current year.

Philip Morris International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Thursday, September 26th were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 4.28%. This is a boost 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 dividend payout ratio is 85.71%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PM. Bank of America lifted their target price on Philip Morris International from $125.00 to $139.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Philip Morris International from $118.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. The Goldman Sachs Group lifted their target price on shares of Philip Morris International from $126.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. StockNews.com raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research note on Monday, July 22nd. Finally, Citigroup increased their price objective on Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $127.85.

Insider Buying and Selling

In related news, insider Werner Barth sold 7,500 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $129.98, for a total transaction of $974,850.00. Following the completion of the sale, the insider now owns 95,418 shares in the company, valued at $12,402,431.64. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Chairman Andre Calantzopoulos sold 101,918 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $129.85, for a total transaction of $13,234,052.30. Following the transaction, the chairman now owns 959,761 shares in the company, valued at approximately $124,624,965.85. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Werner Barth sold 7,500 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $129.98, for a total transaction of $974,850.00. Following the transaction, the insider now directly owns 95,418 shares of the company’s stock, valued at $12,402,431.64. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

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.