Private Trust Co. NA Sells 3,860 Shares of Philip Morris International Inc. (NYSE:PM)

Private Trust Co. NA lowered its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 13.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,631 shares of the company's stock after selling 3,860 shares during the period. Private Trust Co. NA's holdings in Philip Morris International were worth $4,068,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of PM. NewSquare Capital LLC increased its position in shares of Philip Morris International by 53.7% during 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 during the period. Pacifica Partners Inc. increased its holdings in Philip Morris International by 115.0% during the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock worth $35,000 after acquiring an additional 115 shares during the period. Redmont Wealth Advisors LLC bought a new stake in Philip Morris International during the 1st quarter worth approximately $35,000. Inlight Wealth Management LLC bought a new stake in Philip Morris International during the 1st quarter worth approximately $38,000. Finally, Ameriflex Group Inc. bought a new position in shares of Philip Morris International in the fourth quarter worth $36,000. Institutional investors own 78.63% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PM. Wall Street Zen raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a report on Saturday, June 21st. Citigroup upped their target price on Philip Morris International from $163.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday, April 16th. UBS Group upgraded shares of Philip Morris International from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $130.00 to $170.00 in a research report on Friday, April 25th. Bank of America upped their price objective on shares of Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $182.00 price target (up previously from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $176.80.

Philip Morris International Trading Down 0.8%

Shares of NYSE:PM opened at $176.03 on Thursday. The stock's 50-day moving average price is $176.79 and its 200-day moving average price is $153.86. Philip Morris International Inc. has a 12-month low of $100.80 and a 12-month high of $186.69. The stock has a market capitalization of $273.99 billion, a P/E ratio of 36.29, a price-to-earnings-growth ratio of 2.57 and a beta of 0.51.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.08. Philip Morris International had a negative return on equity of 122.40% and a net margin of 8.43%. The business had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same period last year, the company earned $1.50 EPS. Philip Morris International's revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, research analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date is Friday, June 27th. Philip Morris International's dividend payout ratio (DPR) is presently 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.

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