First Bank & Trust Sells 5,815 Shares of Philip Morris International Inc. (NYSE:PM)

First Bank & Trust reduced its position in Philip Morris International Inc. (NYSE:PM) by 13.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 36,901 shares of the company’s stock after selling 5,815 shares during the quarter. Philip Morris International makes up about 0.9% of First Bank & Trust’s holdings, making the stock its 21st biggest holding. First Bank & Trust’s holdings in Philip Morris International were worth $4,441,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Investment Advisory Services Inc. TX ADV raised its position in Philip Morris International by 3.2% in the 4th quarter. Investment Advisory Services Inc. TX ADV now owns 2,510 shares of the company’s stock worth $302,000 after buying an additional 78 shares during the last quarter. Intergy Private Wealth LLC raised its position in Philip Morris International by 4.3% in the 4th quarter. Intergy Private Wealth LLC now owns 1,959 shares of the company’s stock worth $236,000 after buying an additional 80 shares during the last quarter. BKM Wealth Management LLC raised its position in Philip Morris International by 3.4% in the 4th quarter. BKM Wealth Management LLC now owns 2,479 shares of the company’s stock worth $298,000 after buying an additional 81 shares during the last quarter. 49 Wealth Management LLC raised its position in Philip Morris International by 3.6% in the 3rd quarter. 49 Wealth Management LLC now owns 2,432 shares of the company’s stock worth $295,000 after buying an additional 84 shares during the last quarter. Finally, Woodmont Investment Counsel LLC raised its position in Philip Morris International by 1.6% in the 3rd quarter. Woodmont Investment Counsel LLC now owns 5,452 shares of the company’s stock worth $662,000 after buying an additional 86 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total value of $749,400.00. Following the completion of the transaction, the vice president now directly owns 20,799 shares in the company, valued at $3,117,354.12. This represents a 19.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

Philip Morris International Trading Up 0.6 %

Shares of NYSE:PM opened at $149.64 on Thursday. The stock has a 50 day moving average of $128.76 and a 200 day moving average of $125.90. The company has a market cap of $232.67 billion, a PE ratio of 33.18, a price-to-earnings-growth ratio of 2.60 and a beta of 0.55. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $151.22.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. Equities research analysts predict that Philip Morris International Inc. will post 7.13 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were paid a $1.35 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 annualized dividend and a yield of 3.61%. Philip Morris International’s payout ratio is 119.73%.

Wall Street Analyst Weigh In

PM has been the subject of several research reports. UBS Group upped their price target on shares of Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a research report on Friday, February 7th. StockNews.com lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Stifel Nicolaus upped their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Barclays reduced their price target 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. Finally, JPMorgan Chase & Co. upped their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $141.22.

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.