ST Germain D J Co. Inc. Decreases Stake in Philip Morris International Inc. (NYSE:PM)

ST Germain D J Co. Inc. cut its stake in Philip Morris International Inc. (NYSE:PM) by 12.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,149 shares of the company’s stock after selling 163 shares during the period. ST Germain D J Co. Inc.’s holdings in Philip Morris International were worth $116,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of PM. Kessler Investment Group LLC purchased a new position in Philip Morris International during the 1st quarter worth approximately $25,000. Boyd Watterson Asset Management LLC OH raised its holdings in shares of Philip Morris International by 250.0% during the first quarter. Boyd Watterson Asset Management LLC OH now owns 322 shares of the company’s stock worth $30,000 after purchasing an additional 230 shares during the last quarter. Tennessee Valley Asset Management Partners acquired a new position in Philip Morris International during the fourth quarter valued at $33,000. Northwest Financial Advisors purchased a new stake in Philip Morris International in the fourth quarter valued at $33,000. Finally, Ables Iannone Moore & Associates Inc. purchased a new stake in Philip Morris International in the fourth quarter valued at $38,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Insiders Place Their Bets

In related news, insider Wilde Frederic De sold 20,000 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $113.01, for a total value of $2,260,200.00. Following the sale, the insider now directly owns 158,447 shares of the company’s stock, valued at $17,906,095.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is owned by company insiders.

Philip Morris International Stock Up 0.6 %

Shares of PM stock traded up $0.63 on Tuesday, reaching $114.19. 6,274,484 shares of the stock were exchanged, compared to its average volume of 5,443,429. The stock has a market cap of $177.51 billion, a P/E ratio of 22.30, a price-to-earnings-growth ratio of 2.35 and a beta of 0.58. The firm has a 50 day moving average of $105.11 and a two-hundred day moving average of $97.43. Philip Morris International Inc. has a 1-year low of $87.23 and a 1-year high of $119.06.

Philip Morris International (NYSE:PM) last issued its earnings results on Tuesday, July 23rd. The company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.02. The business had revenue of $9.47 billion for the quarter, compared to the consensus estimate of $9.19 billion. Philip Morris International had a net margin of 9.41% and a negative return on equity of 113.32%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.60 EPS. On average, equities research analysts predict that Philip Morris International Inc. will post 6.41 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 8th. Stockholders of record on Friday, June 21st were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date was Friday, June 21st. Philip Morris International’s payout ratio is 101.56%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Bank of America lifted their price objective on Philip Morris International from $110.00 to $118.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. StockNews.com upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research report on Monday, July 22nd. JPMorgan Chase & Co. upped their price objective on Philip Morris International from $110.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Philip Morris International from $116.00 to $118.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Finally, Stifel Nicolaus increased their price target on shares of Philip Morris International from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $107.80.

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.