First National Trust Co Has $4.16 Million Holdings in Philip Morris International Inc. (NYSE:PM)

First National Trust Co trimmed its position in shares of Philip Morris International Inc. (NYSE:PM) by 3.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 44,174 shares of the company’s stock after selling 1,631 shares during the period. First National Trust Co’s holdings in Philip Morris International were worth $4,156,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP increased its holdings in Philip Morris International by 12.6% during the third quarter. Wellington Management Group LLP now owns 27,821,802 shares of the company’s stock worth $2,575,742,000 after buying an additional 3,121,732 shares during the last quarter. Invesco Ltd. boosted its position in Philip Morris International by 33.5% during the third quarter. Invesco Ltd. now owns 17,147,790 shares of the company’s stock worth $1,587,542,000 after purchasing an additional 4,304,089 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Philip Morris International by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 13,270,435 shares of the company’s stock worth $1,197,730,000 after purchasing an additional 87,946 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Philip Morris International by 3.7% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 8,315,843 shares of the company’s stock worth $769,881,000 after purchasing an additional 299,005 shares during the period. Finally, Royal Bank of Canada boosted its position in Philip Morris International by 0.3% during the third quarter. Royal Bank of Canada now owns 6,806,099 shares of the company’s stock worth $630,108,000 after purchasing an additional 20,092 shares during the period. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on PM. Societe Generale raised shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective for the company in a research report on Tuesday, February 13th. Stifel Nicolaus lifted their price objective on shares of Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. Finally, UBS Group cut shares of Philip Morris International from a “buy” rating to a “sell” rating and reduced their target price for the company from $105.00 to $86.50 in a research report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Philip Morris International has a consensus rating of “Hold” and an average target price of $105.50.

Insider Buying and Selling at Philip Morris International

In related news, insider Wilde Frederic De sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the completion of the transaction, the insider now directly owns 178,447 shares in the company, valued at approximately $17,205,859.74. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the company’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $96.42, for a total value of $1,928,400.00. Following the completion of the transaction, the insider now owns 178,447 shares of the company’s stock, valued at approximately $17,205,859.74. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Massimo Andolina sold 8,250 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $93.63, for a total value of $772,447.50. Following the completion of the transaction, the insider now directly owns 94,629 shares of the company’s stock, valued at approximately $8,860,113.27. The disclosure for this sale can be found here. Insiders have sold a total of 35,250 shares of company stock worth $3,339,528 over the last 90 days. Insiders own 0.13% of the company’s stock.

Philip Morris International Trading Up 0.1 %

Philip Morris International stock traded up $0.09 during trading hours on Friday, reaching $97.40. 5,611,928 shares of the stock were exchanged, compared to its average volume of 6,838,263. Philip Morris International Inc. has a twelve month low of $87.23 and a twelve month high of $100.70. The company has a market cap of $151.41 billion, a P/E ratio of 19.02, a price-to-earnings-growth ratio of 2.07 and a beta of 0.60. The stock has a 50 day moving average of $92.47 and a two-hundred day moving average of $92.31.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. Philip Morris International had a net margin of 8.58% and a negative return on equity of 113.26%. The business had revenue of $8.79 billion for the quarter, compared to analysts’ expectations of $8.44 billion. During the same period last year, the firm posted $1.38 earnings per share. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, analysts expect that Philip Morris International Inc. will post 6.29 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 21st were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 5.34%. The ex-dividend date was Wednesday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is presently 101.56%.

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.