Farmers National Bank Sells 38 Shares of Philip Morris International Inc (PM)

Farmers National Bank reduced its stake in shares of Philip Morris International Inc (NYSE:PM) by 0.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,589 shares of the company’s stock after selling 38 shares during the quarter. Farmers National Bank’s holdings in Philip Morris International were worth $1,613,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Hudock Capital Group LLC grew its stake in shares of Philip Morris International by 0.3% during the first quarter. Hudock Capital Group LLC now owns 3,136 shares of the company’s stock valued at $354,000 after buying an additional 10 shares during the last quarter. Argent Capital Management LLC grew its stake in shares of Philip Morris International by 0.6% during the first quarter. Argent Capital Management LLC now owns 3,260 shares of the company’s stock valued at $368,000 after buying an additional 20 shares during the last quarter. Quotient Investors LLC grew its stake in shares of Philip Morris International by 0.4% during the first quarter. Quotient Investors LLC now owns 5,130 shares of the company’s stock valued at $579,000 after buying an additional 22 shares during the last quarter. Klingman & Associates LLC grew its stake in shares of Philip Morris International by 1.1% during the first quarter. Klingman & Associates LLC now owns 2,442 shares of the company’s stock valued at $276,000 after buying an additional 26 shares during the last quarter. Finally, JJJ Advisors Inc. grew its stake in shares of Philip Morris International by 0.9% during the first quarter. JJJ Advisors Inc. now owns 3,204 shares of the company’s stock valued at $362,000 after buying an additional 29 shares during the last quarter. 72.02% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Philip Morris International Inc (NYSE PM) traded up 0.0086% during midday trading on Wednesday, hitting $117.0601. 1,013,578 shares of the company traded hands. The company has a 50-day moving average price of $116.39 and a 200-day moving average price of $115.43. Philip Morris International Inc has a 52 week low of $86.78 and a 52 week high of $123.55. The stock has a market capitalization of $181.82 billion, a P/E ratio of 25.9384 and a beta of 0.94.

Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, July 20th. The company reported $1.14 EPS for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($0.09). Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. The firm had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $7.11 billion. During the same period in the previous year, the company earned $1.15 EPS. The company’s revenue was up 4.0% on a year-over-year basis. Analysts anticipate that Philip Morris International Inc will post $4.83 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Wednesday, September 27th will be given a dividend of $1.07 per share. This is a boost from Philip Morris International’s previous quarterly dividend of $1.04. The ex-dividend date is Tuesday, September 26th. This represents a $4.28 dividend on an annualized basis and a yield of 3.66%. Philip Morris International’s dividend payout ratio is presently 92.24%.

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PM has been the subject of a number of analyst reports. Vetr upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $111.99 target price for the company in a report on Tuesday, May 16th. Jefferies Group LLC increased their target price on shares of Philip Morris International from $111.00 to $120.00 and gave the stock a “hold” rating in a report on Monday, May 22nd. Piper Jaffray Companies reiterated an “overweight” rating and set a $131.00 target price on shares of Philip Morris International in a report on Wednesday, May 24th. Bank of America Corporation increased their target price on shares of Philip Morris International from $120.00 to $123.00 and gave the stock a “neutral” rating in a report on Tuesday, May 30th. Finally, Wells Fargo & Company reiterated an “outperform” rating on shares of Philip Morris International in a report on Friday, June 9th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $122.79.

In other Philip Morris International news, insider Drago Azinovic sold 14,000 shares of the firm’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $116.00, for a total value of $1,624,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.23% of the company’s stock.

Philip Morris International Company Profile

Philip Morris International Inc is a holding company. The Company is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada.

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

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