Bremer Bank National Association Lowers Holdings in Philip Morris International Inc. (NYSE:PM)

Bremer Bank National Association decreased its position in Philip Morris International Inc. (NYSE:PM) by 17.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,734 shares of the company’s stock after selling 367 shares during the period. Bremer Bank National Association’s holdings in Philip Morris International were worth $209,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of PM. American Century Companies Inc. raised its stake in Philip Morris International by 24.5% in the second quarter. American Century Companies Inc. now owns 8,701 shares of the company’s stock worth $882,000 after buying an additional 1,715 shares in the last quarter. Brighton Jones LLC increased its position in shares of Philip Morris International by 3.8% during the second quarter. Brighton Jones LLC now owns 6,866 shares of the company’s stock worth $696,000 after purchasing an additional 249 shares in the last quarter. Sei Investments Co. increased its position in shares of Philip Morris International by 5.8% during the second quarter. Sei Investments Co. now owns 660,948 shares of the company’s stock worth $66,975,000 after purchasing an additional 35,966 shares in the last quarter. ProShare Advisors LLC increased its position in shares of Philip Morris International by 8.8% during the second quarter. ProShare Advisors LLC now owns 210,703 shares of the company’s stock worth $21,351,000 after purchasing an additional 17,094 shares in the last quarter. Finally, Frank Rimerman Advisors LLC increased its position in shares of Philip Morris International by 125,666.7% during the second quarter. Frank Rimerman Advisors LLC now owns 30,184 shares of the company’s stock worth $3,059,000 after purchasing an additional 30,160 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Analyst Ratings Changes

PM has been the topic of a number of recent analyst reports. Citigroup upped their price target on Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. UBS Group upped their target price on Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft upped their target price on Philip Morris International from $118.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. The Goldman Sachs Group upped their target price on Philip Morris International from $126.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $145.00 target price (up from $138.00) on shares of Philip Morris International in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Philip Morris International currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.35.

Philip Morris International Stock Up 1.7 %

PM stock opened at $121.88 on Monday. The company’s 50-day simple moving average is $125.50 and its 200-day simple moving average is $121.33. Philip Morris International Inc. has a 52-week low of $87.82 and a 52-week high of $134.15. The firm has a market cap of $189.51 billion, a P/E ratio of 19.35, a PEG ratio of 1.86 and a beta of 0.54.

Philip Morris International (NYSE:PM) last posted its earnings results on Tuesday, October 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.09. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. The business had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.68 billion. During the same period in the prior year, the company posted $1.67 EPS. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. On average, analysts anticipate that Philip Morris International Inc. will post 6.51 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s dividend payout ratio is presently 85.71%.

Insider Activity at Philip Morris International

In other Philip Morris International news, Chairman Andre Calantzopoulos sold 101,918 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $129.85, for a total value of $13,234,052.30. Following the completion of the sale, the chairman now owns 959,761 shares in the company, valued at approximately $124,624,965.85. This represents a 9.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Werner Barth sold 7,500 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $129.98, for a total transaction of $974,850.00. Following the completion of the sale, the insider now owns 95,418 shares of the company’s stock, valued at approximately $12,402,431.64. The trade was a 7.29 % decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by corporate insiders.

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.