Philip Morris International Inc. (NYSE:PM) Shares Bought by Davidson Trust Co.

Davidson Trust Co. grew its position in Philip Morris International Inc. (NYSE:PM) by 4.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,415 shares of the company’s stock after acquiring an additional 140 shares during the period. Davidson Trust Co.’s holdings in Philip Morris International were worth $411,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. BKM Wealth Management LLC raised its stake in Philip Morris International by 3.4% in the fourth quarter. BKM Wealth Management LLC now owns 2,479 shares of the company’s stock valued at $298,000 after buying an additional 81 shares in the last quarter. Kestra Investment Management LLC increased its holdings in shares of Philip Morris International by 518.4% in the 4th quarter. Kestra Investment Management LLC now owns 11,744 shares of the company’s stock valued at $1,413,000 after acquiring an additional 9,845 shares during the last quarter. Atria Wealth Solutions Inc. raised its position in shares of Philip Morris International by 4.3% during the 4th quarter. Atria Wealth Solutions Inc. now owns 83,265 shares of the company’s stock worth $10,067,000 after acquiring an additional 3,443 shares in the last quarter. GAM Holding AG lifted its stake in Philip Morris International by 86.0% during the fourth quarter. GAM Holding AG now owns 18,929 shares of the company’s stock worth $2,278,000 after purchasing an additional 8,753 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in Philip Morris International by 10.9% in the fourth quarter. Venturi Wealth Management LLC now owns 21,138 shares of the company’s stock valued at $2,544,000 after purchasing an additional 2,082 shares in the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Philip Morris International

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 5,000 shares of Philip Morris International stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $149.88, for a total value of $749,400.00. Following the completion of the sale, the vice president now directly owns 20,799 shares of the company’s stock, valued at approximately $3,117,354.12. The trade was a 19.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

PM has been the topic of a number of research analyst reports. Morgan Stanley began coverage on shares of Philip Morris International in a report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective on the stock. UBS Group raised their price target on Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a research note on Friday, February 7th. Stifel Nicolaus upped their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a report on Friday, February 7th. StockNews.com downgraded Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Finally, Barclays reduced their price objective on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $139.56.

Philip Morris International Stock Up 1.0 %

Shares of PM stock opened at $150.60 on Tuesday. The stock has a market cap of $234.16 billion, a P/E ratio of 33.39, a P/E/G ratio of 2.55 and a beta of 0.55. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $151.22. The business has a fifty day simple moving average of $127.47 and a 200-day simple moving average of $125.28.

Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.06. Philip Morris International had a net margin of 9.24% and a negative return on equity of 120.08%. On average, sell-side analysts anticipate that Philip Morris International Inc. will post 7.11 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s dividend payout ratio is presently 119.73%.

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.