Parkside Financial Bank & Trust Boosts Position in Philip Morris International Inc. (NYSE:PM)

Parkside Financial Bank & Trust boosted its position in shares of Philip Morris International Inc. (NYSE:PM) by 5.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,104 shares of the company’s stock after acquiring an additional 548 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Philip Morris International were worth $1,045,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP grew its holdings in Philip Morris International by 12.6% during the third quarter. Wellington Management Group LLP now owns 27,821,802 shares of the company’s stock valued at $2,575,742,000 after purchasing an additional 3,121,732 shares during the period. Invesco Ltd. grew its holdings in Philip Morris International by 33.5% during the third quarter. Invesco Ltd. now owns 17,147,790 shares of the company’s stock valued at $1,587,542,000 after purchasing an additional 4,304,089 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Philip Morris International by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 13,270,435 shares of the company’s stock valued at $1,197,730,000 after purchasing an additional 87,946 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in Philip Morris International by 3.7% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 8,315,843 shares of the company’s stock valued at $769,881,000 after purchasing an additional 299,005 shares during the period. Finally, Royal Bank of Canada boosted its stake in shares of Philip Morris International by 0.3% in the third quarter. Royal Bank of Canada now owns 6,806,099 shares of the company’s stock worth $630,108,000 after acquiring an additional 20,092 shares during the period. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Insider Buying and Selling at Philip Morris International

In other news, insider Massimo Andolina sold 8,250 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $93.63, for a total value of $772,447.50. Following the sale, the insider now directly owns 94,629 shares in the company, valued at $8,860,113.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Werner Barth sold 5,000 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $91.46, for a total value of $457,300.00. Following the completion of the sale, the insider now owns 102,918 shares in the company, valued at $9,412,880.28. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 of the company’s stock, valued at approximately $8,860,113.27. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,250 shares of company stock valued at $1,411,128. Insiders own 0.14% of the company’s stock.

Philip Morris International Stock Down 0.5 %

NYSE PM traded down $0.44 during trading on Wednesday, hitting $97.22. The stock had a trading volume of 2,259,439 shares, compared to its average volume of 5,611,097. Philip Morris International Inc. has a twelve month low of $87.23 and a twelve month high of $100.79. The company has a market capitalization of $151.13 billion, a PE ratio of 19.11, a PEG ratio of 1.97 and a beta of 0.61. The firm has a 50 day moving average price of $91.46 and a 200 day moving average price of $92.10.

Philip Morris International (NYSE:PM) last posted its earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.09. Philip Morris International had a negative return on equity of 116.29% and a net margin of 8.53%. The firm had revenue of $8.79 billion during the quarter, compared to analysts’ expectations of $8.44 billion. During the same quarter in the previous year, the business earned $1.38 earnings per share. The firm’s revenue was up 8.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Philip Morris International Inc. will post 6.36 earnings per share for the current year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 5.35%. The ex-dividend date of this dividend was Wednesday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is 103.59%.

Analyst Ratings Changes

PM has been the subject of a number of recent analyst reports. UBS Group lowered Philip Morris International from a “buy” rating to a “sell” rating and dropped their price objective for the stock from $105.00 to $86.50 in a research note on Tuesday, January 23rd. Societe Generale raised Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective for the company in a research note on Tuesday, February 13th. Stifel Nicolaus upped their price objective on Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Argus reaffirmed a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $105.50.

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.