Philip Morris International Inc. (PM) Shares Bought by Private Trust Co. NA

Private Trust Co. NA boosted its holdings in Philip Morris International Inc. (NYSE:PM) by 2.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,704 shares of the company’s stock after acquiring an additional 1,030 shares during the quarter. Philip Morris International comprises about 0.7% of Private Trust Co. NA’s investment portfolio, making the stock its 29th biggest holding. Private Trust Co. NA’s holdings in Philip Morris International were worth $3,509,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp grew its stake in shares of Philip Morris International by 266,796.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 16,985,289 shares of the company’s stock valued at $1,384,981,000 after buying an additional 16,978,925 shares in the last quarter. CI Investments Inc. grew its stake in shares of Philip Morris International by 27.5% in the 3rd quarter. CI Investments Inc. now owns 299,454 shares of the company’s stock valued at $24,417,000 after buying an additional 64,508 shares in the last quarter. Man Group plc grew its stake in shares of Philip Morris International by 44.6% in the 3rd quarter. Man Group plc now owns 233,667 shares of the company’s stock valued at $19,054,000 after buying an additional 72,054 shares in the last quarter. Putnam Investments LLC grew its stake in shares of Philip Morris International by 16.2% in the 3rd quarter. Putnam Investments LLC now owns 23,441 shares of the company’s stock valued at $1,911,000 after buying an additional 3,262 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in shares of Philip Morris International by 25.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 181,402 shares of the company’s stock valued at $14,791,000 after buying an additional 36,357 shares in the last quarter. Hedge funds and other institutional investors own 73.53% of the company’s stock.

In other news, CEO Andre Calantzopoulos sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $84.76, for a total transaction of $4,238,000.00. Following the completion of the transaction, the chief executive officer now directly owns 844,901 shares in the company, valued at $71,613,808.76. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.21% of the stock is owned by insiders.

A number of equities research analysts have issued reports on the company. Zacks Investment Research raised Philip Morris International from a “hold” rating to a “buy” rating and set a $96.00 target price for the company in a research report on Thursday, April 4th. Morgan Stanley decreased their target price on Philip Morris International from $102.00 to $80.00 and set an “overweight” rating for the company in a research report on Tuesday, January 8th. ValuEngine cut Philip Morris International from a “hold” rating to a “sell” rating in a research report on Tuesday, April 9th. Jefferies Financial Group reaffirmed a “hold” rating and set a $80.00 target price on shares of Philip Morris International in a research report on Sunday, February 10th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and set a $110.00 target price (down previously from $111.25) on shares of Philip Morris International in a research report on Friday, December 28th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. Philip Morris International has an average rating of “Hold” and a consensus target price of $92.43.

Shares of Philip Morris International stock opened at $86.21 on Wednesday. Philip Morris International Inc. has a 12-month low of $64.67 and a 12-month high of $103.55. The company has a market cap of $134.09 billion, a price-to-earnings ratio of 16.90, a P/E/G ratio of 1.93 and a beta of 0.95.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, February 7th. The company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.09. Philip Morris International had a negative return on equity of 76.82% and a net margin of 9.90%. The company had revenue of $7.50 billion during the quarter, compared to analyst estimates of $7.46 billion. During the same period in the previous year, the company earned $1.32 earnings per share. The company’s quarterly revenue was down 9.6% compared to the same quarter last year. On average, equities analysts forecast that Philip Morris International Inc. will post 5.26 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Tuesday, March 26th were issued a dividend of $1.14 per share. The ex-dividend date of this dividend was Monday, March 25th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 5.29%. Philip Morris International’s dividend payout ratio (DPR) is presently 89.41%.

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Philip Morris International Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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