Philip Morris International Inc. (NYSE:PM) Position Increased by Morton Community Bank

Morton Community Bank raised its stake in Philip Morris International Inc. (NYSE:PM) by 6.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,848 shares of the company’s stock after buying an additional 1,941 shares during the period. Morton Community Bank’s holdings in Philip Morris International were worth $3,430,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Gilbert & Cook Inc. grew its holdings in shares of Philip Morris International by 3.8% during the fourth quarter. Gilbert & Cook Inc. now owns 10,946 shares of the company’s stock valued at $1,030,000 after buying an additional 404 shares in the last quarter. Berger Financial Group Inc grew its stake in Philip Morris International by 4.9% during the 4th quarter. Berger Financial Group Inc now owns 4,055 shares of the company’s stock valued at $381,000 after acquiring an additional 190 shares in the last quarter. Northwest Financial Advisors acquired a new position in shares of Philip Morris International in the 4th quarter valued at about $33,000. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Philip Morris International by 21.5% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 12,919 shares of the company’s stock worth $1,215,000 after purchasing an additional 2,283 shares during the period. Finally, Johnson Investment Counsel Inc. grew its position in Philip Morris International by 5.2% during the fourth quarter. Johnson Investment Counsel Inc. now owns 53,997 shares of the company’s stock valued at $5,080,000 after purchasing an additional 2,653 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Insider Buying and Selling

In other Philip Morris International news, insider Massimo Andolina sold 9,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $115.35, for a total value of $1,038,150.00. Following the completion of the sale, the insider now owns 85,629 shares in the company, valued at approximately $9,877,305.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $113.01, for a total transaction of $2,260,200.00. Following the completion of the transaction, the insider now directly owns 158,447 shares of the company’s stock, valued at $17,906,095.47. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Massimo Andolina sold 9,000 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $115.35, for a total transaction of $1,038,150.00. Following the sale, the insider now owns 85,629 shares of the company’s stock, valued at approximately $9,877,305.15. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

Philip Morris International Stock Up 0.5 %

NYSE PM traded up $0.63 during trading on Friday, hitting $125.81. The company’s stock had a trading volume of 8,412,610 shares, compared to its average volume of 5,317,667. Philip Morris International Inc. has a 52 week low of $87.23 and a 52 week high of $127.45. The firm has a market cap of $195.58 billion, a P/E ratio of 24.57, a price-to-earnings-growth ratio of 2.41 and a beta of 0.55. The firm has a 50 day moving average price of $113.87 and a 200 day moving average price of $102.32.

Philip Morris International (NYSE:PM) last announced its earnings results on Tuesday, July 23rd. The company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.02. The business had revenue of $9.47 billion for the quarter, compared to analyst estimates of $9.19 billion. Philip Morris International had a net margin of 9.41% and a negative return on equity of 113.32%. Philip Morris International’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.60 earnings per share. On average, equities analysts expect that Philip Morris International Inc. will post 6.45 earnings per share for the current year.

Wall Street Analyst Weigh In

PM has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Philip Morris International from $116.00 to $118.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Barclays increased their price objective on Philip Morris International from $110.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, August 14th. StockNews.com upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research note on Monday, July 22nd. Bank of America increased their price target on shares of Philip Morris International from $125.00 to $139.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Philip Morris International from $110.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $113.70.

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.