Philip Morris International Inc. (NYSE:PM) Shares Sold by American National Bank & Trust

American National Bank & Trust trimmed its holdings in Philip Morris International Inc. (NYSE:PM) by 9.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,464 shares of the company’s stock after selling 144 shares during the period. American National Bank & Trust’s holdings in Philip Morris International were worth $232,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of PM. Capital & Planning LLC boosted its stake in shares of Philip Morris International by 7.1% during the 4th quarter. Capital & Planning LLC now owns 2,613 shares of the company’s stock worth $318,000 after purchasing an additional 173 shares during the last quarter. Brighton Jones LLC boosted its stake in shares of Philip Morris International by 31.1% during the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock worth $1,027,000 after purchasing an additional 2,023 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Philip Morris International by 4.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock worth $252,000 after purchasing an additional 91 shares during the last quarter. Mediolanum International Funds Ltd boosted its stake in shares of Philip Morris International by 19.0% during the 4th quarter. Mediolanum International Funds Ltd now owns 43,256 shares of the company’s stock worth $5,178,000 after purchasing an additional 6,897 shares during the last quarter. Finally, Chicago Partners Investment Group LLC boosted its stake in shares of Philip Morris International by 50.1% during the 4th quarter. Chicago Partners Investment Group LLC now owns 12,718 shares of the company’s stock worth $1,550,000 after purchasing an additional 4,244 shares during the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Stock Performance

NYSE PM opened at $180.74 on Monday. Philip Morris International Inc. has a one year low of $98.93 and a one year high of $181.36. The company’s 50 day moving average price is $165.26 and its 200 day moving average price is $145.89. The firm has a market capitalization of $281.32 billion, a price-to-earnings ratio of 40.08, a PEG ratio of 2.65 and a beta of 0.50.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.61 by $0.08. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The firm had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same quarter last year, the firm posted $1.50 earnings per share. Philip Morris International’s revenue for the quarter was up 5.8% compared to the same quarter last year. Sell-side analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th were given a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend was Thursday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is 111.34%.

Analyst Upgrades and Downgrades

PM has been the topic of several analyst reports. Citigroup raised their price target on shares of Philip Morris International from $163.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, April 16th. Wall Street Zen lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Friday. Morgan Stanley reiterated an “overweight” rating and set a $182.00 price objective (up from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. UBS Group upgraded shares of Philip Morris International from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $130.00 to $170.00 in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $169.20.

Insider Buying and Selling at Philip Morris International

In related news, insider Lars Dahlgren sold 3,679 shares of Philip Morris International stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $152.96, for a total value of $562,739.84. Following the completion of the sale, the insider now owns 26,828 shares in the company, valued at approximately $4,103,610.88. The trade was a 12.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is owned by corporate insiders.

Philip Morris International 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.