Philip Morris International Inc. (NYSE:PM) Shares Sold by CENTRAL TRUST Co

CENTRAL TRUST Co cut its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 111,330 shares of the company’s stock after selling 804 shares during the period. CENTRAL TRUST Co’s holdings in Philip Morris International were worth $10,474,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in PM. Moneta Group Investment Advisors LLC increased its position in shares of Philip Morris International by 100,700.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 15,640,144 shares of the company’s stock worth $1,582,939,000 after purchasing an additional 15,624,628 shares in the last quarter. Invesco Ltd. increased its position in shares of Philip Morris International by 33.5% in the 3rd quarter. Invesco Ltd. now owns 17,147,790 shares of the company’s stock valued at $1,587,542,000 after acquiring an additional 4,304,089 shares during the period. Wellington Management Group LLP increased its position in shares of Philip Morris International by 12.6% in the 3rd quarter. Wellington Management Group LLP now owns 27,821,802 shares of the company’s stock valued at $2,575,742,000 after acquiring an additional 3,121,732 shares during the period. National Bank of Canada FI increased its position in shares of Philip Morris International by 1,034.0% in the 3rd quarter. National Bank of Canada FI now owns 3,203,649 shares of the company’s stock valued at $292,808,000 after acquiring an additional 2,921,136 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of Philip Morris International by 122.0% in the 1st quarter. Renaissance Technologies LLC now owns 2,632,467 shares of the company’s stock valued at $247,294,000 after acquiring an additional 1,446,567 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Argus reissued a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. UBS Group downgraded Philip Morris International from a “buy” rating to a “sell” rating and cut their price target for the stock from $105.00 to $86.50 in a research report on Tuesday, January 23rd. Finally, Societe Generale raised Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price target on the stock in a research report on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $105.40.

Philip Morris International Trading Down 0.7 %

Shares of Philip Morris International stock opened at $89.48 on Friday. The firm has a market capitalization of $139.10 billion, a PE ratio of 17.82, a P/E/G ratio of 2.02 and a beta of 0.61. Philip Morris International Inc. has a twelve month low of $87.23 and a twelve month high of $101.92. The firm’s 50-day moving average price is $91.41 and its 200 day moving average price is $92.24.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, February 8th. The company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.08). The company had revenue of $9.05 billion during the quarter, compared to analysts’ expectations of $8.99 billion. Philip Morris International had a net margin of 8.53% and a negative return on equity of 116.29%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.39 earnings per share. On average, sell-side analysts predict that Philip Morris International Inc. will post 6.39 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st will be issued a $1.30 dividend. The ex-dividend date is Wednesday, March 20th. This represents a $5.20 dividend on an annualized basis and a yield of 5.81%. Philip Morris International’s payout ratio is 103.59%.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, insider Massimo Andolina sold 8,250 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $93.63, for a total value of $772,447.50. Following the completion of the sale, the insider now owns 94,629 shares in the company, valued at approximately $8,860,113.27. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Werner Barth sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $91.46, for a total transaction of $457,300.00. Following the completion of the sale, the insider now owns 102,918 shares in the company, valued at approximately $9,412,880.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Massimo Andolina sold 8,250 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $93.63, for a total transaction of $772,447.50. Following the sale, the insider now owns 94,629 shares of the company’s stock, valued at approximately $8,860,113.27. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,250 shares of company stock worth $1,411,128. Insiders own 0.13% of the company’s stock.

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.