Philip Morris International Inc. (NYSE:PM) Shares Sold by Comerica Bank

Comerica Bank trimmed its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 2.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 453,485 shares of the company's stock after selling 10,713 shares during the period. Comerica Bank's holdings in Philip Morris International were worth $54,577,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Meridian Wealth Partners LLC lifted its position in shares of Philip Morris International by 4.1% during the 4th quarter. Meridian Wealth Partners LLC now owns 1,781 shares of the company's stock worth $214,000 after purchasing an additional 70 shares during the last quarter. NewSquare Capital LLC raised its stake in Philip Morris International by 53.7% in the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company's stock valued at $25,000 after buying an additional 72 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its holdings in Philip Morris International by 2.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,628 shares of the company's stock worth $437,000 after buying an additional 73 shares during the last quarter. Balboa Wealth Partners increased its holdings in shares of Philip Morris International by 2.0% in the 4th quarter. Balboa Wealth Partners now owns 3,712 shares of the company's stock valued at $447,000 after acquiring an additional 74 shares during the last quarter. Finally, Cravens & Co Advisors LLC raised its position in shares of Philip Morris International by 0.7% during the 4th quarter. Cravens & Co Advisors LLC now owns 10,052 shares of the company's stock worth $1,210,000 after acquiring an additional 74 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. UBS Group raised Philip Morris International from a "sell" rating to a "neutral" rating and upped their price target for the company from $130.00 to $170.00 in a report on Friday, April 25th. Morgan Stanley reaffirmed an "overweight" rating and issued a $182.00 target price (up from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Stifel Nicolaus boosted their price target on shares of Philip Morris International from $168.00 to $186.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. JPMorgan Chase & Co. lifted their target price on 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, Argus raised Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $166.33.

Insider Buying and Selling at Philip Morris International

In related news, SVP Yann Guerin sold 2,500 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $151.28, for a total transaction of $378,200.00. Following the completion of the sale, the senior vice president now owns 30,308 shares of the company's stock, valued at approximately $4,584,994.24. This represents a 7.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Werner Barth sold 10,000 shares of the firm's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $148.67, for a total transaction of $1,486,700.00. Following the completion of the transaction, the insider now directly owns 106,244 shares in the company, valued at approximately $15,795,295.48. This represents a 8.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 131,822 shares of company stock worth $19,655,585 in the last 90 days. 0.13% of the stock is owned by company insiders.

Philip Morris International Price Performance

NYSE:PM traded up $0.81 on Friday, reaching $170.86. The stock had a trading volume of 4,450,592 shares, compared to its average volume of 5,557,720. Philip Morris International Inc. has a 12-month low of $96.65 and a 12-month high of $172.03. The company has a market cap of $265.95 billion, a price-to-earnings ratio of 37.88, a P/E/G ratio of 2.65 and a beta of 0.50. The firm's fifty day moving average is $157.17 and its two-hundred day moving average is $139.44.

Philip Morris International (NYSE:PM - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.61 by $0.08. The firm had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.10 billion. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. Philip Morris International's revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.50 earnings per share. As a group, research analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date was Thursday, March 20th. Philip Morris International's payout ratio is 111.34%.

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.