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

Central Bank & Trust Co. increased its stake in Philip Morris International Inc. (NYSE:PM) by 6.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,640 shares of the company’s stock after buying an additional 364 shares during the period. Central Bank & Trust Co.’s holdings in Philip Morris International were worth $428,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Willingdon Wealth Management boosted its holdings in shares of Philip Morris International by 0.9% in the 2nd quarter. Willingdon Wealth Management now owns 13,656 shares of the company’s stock valued at $1,072,000 after buying an additional 119 shares in the last quarter. Brand Asset Management Group Inc. boosted its holdings in shares of Philip Morris International by 34.9% in the 2nd quarter. Brand Asset Management Group Inc. now owns 472 shares of the company’s stock valued at $37,000 after buying an additional 122 shares in the last quarter. Capital City Trust Co. FL boosted its holdings in shares of Philip Morris International by 1.1% in the 2nd quarter. Capital City Trust Co. FL now owns 11,041 shares of the company’s stock valued at $867,000 after buying an additional 125 shares in the last quarter. First Command Financial Services Inc. boosted its holdings in shares of Philip Morris International by 5.0% in the 3rd quarter. First Command Financial Services Inc. now owns 2,611 shares of the company’s stock valued at $198,000 after buying an additional 125 shares in the last quarter. Finally, MCF Advisors LLC boosted its holdings in shares of Philip Morris International by 26.7% in the 2nd quarter. MCF Advisors LLC now owns 603 shares of the company’s stock valued at $47,000 after buying an additional 127 shares in the last quarter. 74.16% of the stock is currently owned by institutional investors.

PM has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating in a report on Saturday, October 19th. Cowen restated a “hold” rating on shares of Philip Morris International in a report on Thursday, September 12th. Barclays upgraded shares of Philip Morris International from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $82.00 to $100.00 in a report on Friday, July 19th. Wells Fargo & Co lowered their price target on shares of Philip Morris International from $102.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, October 18th. Finally, Citigroup lowered their price target on shares of Philip Morris International from $110.00 to $90.00 and set a “buy” rating on the stock in a report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. Philip Morris International currently has a consensus rating of “Buy” and a consensus price target of $92.27.

PM stock traded down $0.13 during trading on Thursday, reaching $81.65. The company had a trading volume of 529,994 shares, compared to its average volume of 6,277,327. The firm has a 50-day simple moving average of $75.74 and a 200-day simple moving average of $80.58. The company has a market cap of $126.29 billion, a price-to-earnings ratio of 16.01, a price-to-earnings-growth ratio of 1.98 and a beta of 1.00. Philip Morris International Inc. has a twelve month low of $64.67 and a twelve month high of $92.74.

Philip Morris International (NYSE:PM) last released its earnings results on Thursday, October 17th. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.08. The company had revenue of $7.64 billion during the quarter, compared to analysts’ expectations of $7.65 billion. Philip Morris International had a net margin of 9.59% and a negative return on equity of 82.33%. Philip Morris International’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period last year, the business earned $1.44 EPS. As a group, analysts expect that Philip Morris International Inc. will post 5.23 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Wednesday, September 25th were paid a $1.17 dividend. The ex-dividend date of this dividend was Tuesday, September 24th. This is a boost from Philip Morris International’s previous quarterly dividend of $1.14. This represents a $4.68 dividend on an annualized basis and a yield of 5.73%. Philip Morris International’s dividend payout ratio (DPR) is 91.76%.

About Philip Morris International

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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