Riverview Trust Co Invests $94,000 in Philip Morris International Inc. (PM) Stock

Share on StockTwits

Riverview Trust Co purchased a new stake in shares of Philip Morris International Inc. (NYSE:PM) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,402 shares of the company’s stock, valued at approximately $94,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Essex Investment Management Co. LLC purchased a new position in Philip Morris International in the fourth quarter worth about $27,000. Transamerica Financial Advisors Inc. raised its holdings in Philip Morris International by 552.8% in the fourth quarter. Transamerica Financial Advisors Inc. now owns 470 shares of the company’s stock worth $32,000 after buying an additional 398 shares during the last quarter. Clean Yield Group purchased a new position in Philip Morris International in the fourth quarter worth about $37,000. Litman Gregory Asset Management LLC purchased a new position in Philip Morris International in the fourth quarter worth about $40,000. Finally, Vigilant Capital Management LLC raised its holdings in Philip Morris International by 195.6% in the fourth quarter. Vigilant Capital Management LLC now owns 665 shares of the company’s stock worth $44,000 after buying an additional 440 shares during the last quarter. 74.36% of the stock is owned by institutional investors.

PM opened at $91.91 on Friday. Philip Morris International Inc. has a twelve month low of $64.67 and a twelve month high of $103.55. The company has a market cap of $141.06 billion, a PE ratio of 18.02, a P/E/G ratio of 1.89 and a beta of 0.95.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, February 7th. The company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.09. Philip Morris International had a net margin of 9.90% and a negative return on equity of 76.82%. The firm had revenue of $7.50 billion during the quarter, compared to analysts’ expectations of $7.46 billion. During the same period in the previous year, the company earned $1.32 earnings per share. The firm’s quarterly revenue was down 9.6% on a year-over-year basis. As a group, analysts anticipate that Philip Morris International Inc. will post 5.36 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 11th. Stockholders of record on Tuesday, March 26th will be issued a dividend of $1.14 per share. The ex-dividend date is Monday, March 25th. This represents a $4.56 annualized dividend and a dividend yield of 4.96%. Philip Morris International’s payout ratio is 89.41%.

Several brokerages have issued reports on PM. Piper Jaffray Companies set a $110.00 target price on shares of Philip Morris International and gave the stock a “buy” rating in a report on Monday, December 3rd. Morgan Stanley decreased their target price on shares of Philip Morris International from $102.00 to $80.00 and set an “overweight” rating for the company in a report on Tuesday, January 8th. ValuEngine cut shares of Philip Morris International from a “hold” rating to a “sell” rating in a report on Monday, December 31st. Jefferies Financial Group reaffirmed a “hold” rating and issued a $80.00 target price on shares of Philip Morris International in a report on Sunday, February 10th. Finally, Zacks Investment Research raised shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a report on Thursday, February 14th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $91.86.

In other news, CEO Andre Calantzopoulos sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The shares were 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 of the company’s stock, valued at $71,613,808.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.22% of the stock is owned by insiders.

ILLEGAL ACTIVITY NOTICE: This article was first reported by Ticker Report and is the sole property of of Ticker Report. If you are reading this article on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright legislation. The original version of this article can be accessed at https://www.tickerreport.com/banking-finance/4240555/riverview-trust-co-invests-94000-in-philip-morris-international-inc-pm-stock.html.

Philip Morris International Company 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.

Read More: Market Capitalization, Large-Caps, Mid-Caps, Small-Caps

Want to see what other hedge funds are holding PM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Philip Morris International Inc. (NYSE:PM).

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

Receive News & Ratings for Philip Morris International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Telcoin Price Tops $0.0006 on Major Exchanges
Telcoin Price Tops $0.0006 on Major Exchanges
Crystal Clear  Market Capitalization Tops $26,650.00
Crystal Clear Market Capitalization Tops $26,650.00
SwissBorg  Market Cap Tops $5.04 Million
SwissBorg Market Cap Tops $5.04 Million
OAX Price Hits $0.23 on Major Exchanges
OAX Price Hits $0.23 on Major Exchanges
Haven Protocol Price Tops $0.44 on Top Exchanges
Haven Protocol Price Tops $0.44 on Top Exchanges
SUQA  24 Hour Volume Hits $17,144.00
SUQA 24 Hour Volume Hits $17,144.00


© 2006-2019 Ticker Report