17,620 Shares of Philip Morris International Inc. $PM Purchased by First Nebraska Trust Co

Key Points

• First Nebraska Trust Co. acquired 17,620 Philip Morris International shares in the third quarter, valued at approximately $3.36 million. Institutional investors and hedge funds collectively own 78.63% of the company.
• Philip Morris reported quarterly earnings of $2.36 per share, beating estimates of $2.30, while revenue rose 5.5% year over year to $11.44 billion.
• The company raised its quarterly dividend from $1.47 to $1.60 per share, equivalent to $6.40 annually and a 3.1% yield. Analysts’ consensus rating was “Moderate Buy,” with a $212.40 average price target.

First Nebraska Trust Co acquired a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 17,620 shares of the company's stock, valued at approximately $3,362,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Financial Network Wealth Advisors LLC lifted its holdings in Philip Morris International by 9.9% during the 3rd quarter. Financial Network Wealth Advisors LLC now owns 620 shares of the company's stock worth $118,000 after buying an additional 56 shares in the last quarter. Platt Wealth Management LLC lifted its stake in Philip Morris International by 2.1% in the second quarter. Platt Wealth Management LLC now owns 2,833 shares of the company's stock valued at $512,000 after buying an additional 58 shares during the period. Security Financial Services INC. boosted its holdings in Philip Morris International by 2.2% during the third quarter. Security Financial Services INC. now owns 2,978 shares of the company's stock worth $568,000 after buying an additional 64 shares during the last quarter. Clearwater Capital Advisors LLC boosted its holdings in Philip Morris International by 2.4% during the first quarter. Clearwater Capital Advisors LLC now owns 2,798 shares of the company's stock worth $463,000 after buying an additional 65 shares during the last quarter. Finally, Gamco Investors INC. ET AL boosted its holdings in Philip Morris International by 0.7% during the first quarter. Gamco Investors INC. ET AL now owns 9,887 shares of the company's stock worth $1,635,000 after buying an additional 66 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company's stock.

Philip Morris International Trading Down 0.4%

Shares of Philip Morris International stock opened at $207.48 on Wednesday. The company has a market capitalization of $323.40 billion, a PE ratio of 30.29, a PEG ratio of 2.79 and a beta of 0.34. Philip Morris International Inc. has a 12 month low of $144.22 and a 12 month high of $214.35. The stock's fifty day simple moving average is $194.93 and its 200 day simple moving average is $182.33.

Philip Morris International (NYSE:PM - Get Free Report) last posted its earnings results on Wednesday, October 21st. The company reported $2.36 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.06. Philip Morris International had a negative return on equity of 183.96% and a net margin of 10.73%. The firm had revenue of $11.44 billion for the quarter, compared to analyst estimates of $11.32 billion. During the same period in the previous year, the company posted $2.24 earnings per share. The company's revenue for the quarter was up 5.5% on a year-over-year basis. Analysts predict that Philip Morris International Inc. will post 8.32 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 26th. Stockholders of record on Friday, October 2nd were given a dividend of $1.60 per share. This is an increase from Philip Morris International's previous quarterly dividend of $1.47. This represents a $6.40 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, October 2nd. Philip Morris International's payout ratio is 93.43%.

Analyst Ratings Changes

PM has been the subject of several analyst reports. Needham & Company LLC boosted their target price on Philip Morris International from $215.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, October 22nd. Barclays increased their price target on shares of Philip Morris International from $205.00 to $225.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. Weiss Ratings upgraded shares of Philip Morris International from a "buy (b)" rating to a "buy (b+)" rating in a research report on Thursday, October 8th. Argus lifted their price objective on shares of Philip Morris International from $210.00 to $220.00 and gave the stock a "buy" rating in a research note on Monday, October 26th. Finally, Stifel Nicolaus boosted their price objective on shares of Philip Morris International from $205.00 to $232.00 and gave the company a "buy" rating in a report on Tuesday. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, Philip Morris International presently has a consensus rating of "Moderate Buy" and a consensus target price of $212.40.

Philip Morris International Profile

Philip Morris International Inc NYSE: PM is a global tobacco and nicotine company headquartered in Stamford, Connecticut. It was established as an independent company in 2008 following the separation of Philip Morris International from Altria Group. The company develops, manufactures and markets tobacco, nicotine and other related consumer products primarily outside the United States.

Its portfolio includes internationally recognized cigarette brands such as Marlboro, Parliament, L&M, Chesterfield and Bond Street.

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