AMG National Trust Bank Reduces Holdings in Philip Morris International Inc. (NYSE:PM)

AMG National Trust Bank trimmed its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,308 shares of the company’s stock after selling 395 shares during the quarter. AMG National Trust Bank’s holdings in Philip Morris International were worth $1,719,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. State Street Corp increased its holdings in Philip Morris International by 0.4% in the third quarter. State Street Corp now owns 54,711,621 shares of the company’s stock valued at $6,715,237,000 after buying an additional 224,840 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Philip Morris International by 2.0% in the third quarter. Geode Capital Management LLC now owns 32,101,324 shares of the company’s stock worth $3,886,818,000 after purchasing an additional 621,034 shares during the period. FMR LLC increased its stake in Philip Morris International by 40.9% during the third quarter. FMR LLC now owns 23,168,446 shares of the company’s stock valued at $2,812,649,000 after purchasing an additional 6,721,094 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Philip Morris International by 21.0% during the fourth quarter. Bank of New York Mellon Corp now owns 16,070,482 shares of the company’s stock worth $1,934,083,000 after purchasing an additional 2,785,987 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Philip Morris International by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,422,920 shares of the company’s stock worth $1,615,449,000 after purchasing an additional 190,201 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Trading Down 1.6 %

PM stock opened at $151.05 on Friday. The firm’s 50-day moving average is $136.06 and its two-hundred day moving average is $129.00. The company has a market capitalization of $234.87 billion, a price-to-earnings ratio of 33.49, a price-to-earnings-growth ratio of 2.65 and a beta of 0.53. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $159.51.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, February 6th. The company reported $1.55 EPS for the quarter, topping the consensus estimate 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%. On average, equities research analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th will be issued a $1.35 dividend. The ex-dividend date is Thursday, March 20th. This represents a $5.40 annualized dividend and a dividend yield of 3.57%. Philip Morris International’s dividend payout ratio (DPR) is 119.73%.

Insider Activity at Philip Morris International

In other news, CEO Jacek Olczak sold 40,000 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $148.87, for a total transaction of $5,954,800.00. Following the completion of the sale, the chief executive officer now owns 547,426 shares in the company, valued at approximately $81,495,308.62. This represents a 6.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Werner Barth sold 10,000 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $148.67, for a total value of $1,486,700.00. Following the sale, the insider now directly owns 106,244 shares of the company’s stock, valued at approximately $15,795,295.48. This represents a 8.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 131,822 shares of company stock valued at $19,655,585 over the last 90 days. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PM. Barclays boosted their price objective on shares of Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. StockNews.com lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. UBS Group lifted their price objective 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. JPMorgan Chase & Co. upped their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Finally, Stifel Nicolaus lifted their price target on Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Philip Morris International presently has an average rating of “Moderate Buy” and an average target price of $144.56.

Philip Morris International 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.