City State Bank Purchases 93 Shares of Philip Morris International Inc. (NYSE:PM)

City State Bank increased its position in shares of Philip Morris International Inc. (NYSE:PM) by 4.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,276 shares of the company’s stock after buying an additional 93 shares during the period. City State Bank’s holdings in Philip Morris International were worth $274,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. American Century Companies Inc. grew its holdings 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 purchasing an additional 1,715 shares during the period. Parallel Advisors LLC grew its holdings in Philip Morris International by 3.0% in the second quarter. Parallel Advisors LLC now owns 13,730 shares of the company’s stock worth $1,391,000 after purchasing an additional 400 shares during the period. Thoroughbred Financial Services LLC grew its holdings in shares of Philip Morris International by 29.8% during the second quarter. Thoroughbred Financial Services LLC now owns 7,100 shares of the company’s stock valued at $719,000 after buying an additional 1,631 shares during the last quarter. J.W. Cole Advisors Inc. grew its holdings in shares of Philip Morris International by 11.4% during the second quarter. J.W. Cole Advisors Inc. now owns 13,109 shares of the company’s stock valued at $1,328,000 after buying an additional 1,339 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC grew its holdings in shares of Philip Morris International by 12.0% during the second quarter. Prime Capital Investment Advisors LLC now owns 17,946 shares of the company’s stock valued at $1,818,000 after buying an additional 1,919 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Performance

Shares of PM stock opened at $117.47 on Tuesday. The firm has a market cap of $182.65 billion, a price-to-earnings ratio of 18.65, a P/E/G ratio of 2.22 and a beta of 0.54. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $134.15. The firm’s 50-day simple moving average is $126.08 and its two-hundred day simple moving average is $120.95.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, beating 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 company had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.68 billion. During the same quarter in the previous year, the firm posted $1.67 earnings per share. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. Analysts forecast that Philip Morris International Inc. will post 6.51 earnings per share for the current year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were given a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 4.60%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is currently 85.71%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on PM shares. Citigroup lifted their price objective on shares of Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Philip Morris International from $118.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. UBS Group boosted their price target on shares of Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their price target on shares of Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, Stifel Nicolaus restated a “buy” rating and set a $145.00 price target (up from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $130.39.

Insider Activity

In related news, insider Werner Barth sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $129.98, for a total transaction of $974,850.00. Following the sale, the insider now owns 95,418 shares of the company’s stock, valued at approximately $12,402,431.64. This represents a 7.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Andre Calantzopoulos sold 101,918 shares of the company’s stock in a transaction that occurred 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 sale, the chairman now directly owns 959,761 shares in the company, valued at $124,624,965.85. This trade represents a 9.60 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

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.