UMB Bank n.a. Sells 207 Shares of Philip Morris International Inc. (NYSE:PM)

UMB Bank n.a. lowered its position in Philip Morris International Inc. (NYSE:PM) by 0.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 33,830 shares of the company’s stock after selling 207 shares during the period. UMB Bank n.a.’s holdings in Philip Morris International were worth $4,071,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. American Century Companies Inc. grew its stake in Philip Morris International by 24.5% during the second quarter. American Century Companies Inc. now owns 8,701 shares of the company’s stock valued at $882,000 after acquiring an additional 1,715 shares in the last quarter. ProShare Advisors LLC grew 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 valued at $21,351,000 after purchasing an additional 17,094 shares in the last quarter. Fidelis Capital Partners LLC increased its holdings in shares of Philip Morris International by 1.8% in the second quarter. Fidelis Capital Partners LLC now owns 9,055 shares of the company’s stock worth $918,000 after purchasing an additional 157 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Philip Morris International by 24.2% in the second quarter. EverSource Wealth Advisors LLC now owns 6,846 shares of the company’s stock worth $694,000 after buying an additional 1,333 shares in the last quarter. Finally, Discovery Capital Management LLC CT bought a new position in Philip Morris International during the second quarter valued at approximately $21,137,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Insider Buying and Selling

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

Philip Morris International Stock Performance

PM opened at $121.88 on Tuesday. The stock’s 50 day moving average price is $125.50 and its 200-day moving average price is $121.47. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $134.15. The stock has a market cap of $189.51 billion, a price-to-earnings ratio of 19.35, a P/E/G ratio of 1.86 and a beta of 0.54.

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

Philip Morris International Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on PM. JPMorgan Chase & Co. upped their price objective on Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Morgan Stanley initiated coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective for the company. Citigroup boosted their target price on shares of Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. The Goldman Sachs Group increased their price target on shares of Philip Morris International from $126.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $145.00 price objective (up from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $131.35.

About Philip Morris International

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.