FineMark National Bank & Trust Buys 2,191 Shares of Philip Morris International Inc. (NYSE:PM)

FineMark National Bank & Trust raised its stake in shares of Philip Morris International Inc. (NYSE:PMGet Rating) by 6.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 38,794 shares of the company’s stock after purchasing an additional 2,191 shares during the period. FineMark National Bank & Trust’s holdings in Philip Morris International were worth $3,685,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in PM. Morgan Stanley grew its holdings in Philip Morris International by 0.3% during the second quarter. Morgan Stanley now owns 44,718,495 shares of the company’s stock valued at $4,432,049,000 after purchasing an additional 120,060 shares during the period. American Century Companies Inc. lifted its position in shares of Philip Morris International by 395.3% in the third quarter. American Century Companies Inc. now owns 19,613 shares of the company’s stock valued at $1,859,000 after acquiring an additional 15,653 shares in the last quarter. Achmea Investment Management B.V. purchased a new position in shares of Philip Morris International in the third quarter valued at about $271,000. B. Riley Wealth Management Inc. purchased a new position in shares of Philip Morris International in the third quarter valued at about $654,000. Finally, Hennion & Walsh Asset Management Inc. lifted its position in shares of Philip Morris International by 6.2% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 8,486 shares of the company’s stock valued at $804,000 after acquiring an additional 496 shares in the last quarter. 74.78% of the stock is owned by institutional investors and hedge funds.

In other Philip Morris International news, insider Wilde Frederic De sold 29,941 shares of the company’s stock in a transaction on Tuesday, February 22nd. The stock was sold at an average price of $108.49, for a total transaction of $3,248,299.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is owned by corporate insiders.

NYSE:PM traded up $1.70 during midday trading on Monday, hitting $102.85. The stock had a trading volume of 84,856 shares, compared to its average volume of 6,342,703. Philip Morris International Inc. has a one year low of $85.64 and a one year high of $112.48. The company has a market capitalization of $159.43 billion, a price-to-earnings ratio of 17.50, a PEG ratio of 3.64 and a beta of 0.67. The stock has a 50-day moving average of $99.02 and a 200 day moving average of $98.04.

Philip Morris International (NYSE:PMGet Rating) last announced its quarterly earnings data on Thursday, April 21st. The company reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.08. Philip Morris International had a negative return on equity of 110.49% and a net margin of 10.97%. The company had revenue of $7.75 billion for the quarter, compared to analysts’ expectations of $7.43 billion. During the same quarter in the prior year, the firm earned $1.57 earnings per share. Philip Morris International’s revenue was up 2.1% compared to the same quarter last year. As a group, research analysts predict that Philip Morris International Inc. will post 5.51 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 12th. Shareholders of record on Thursday, March 24th were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Wednesday, March 23rd. This represents a $5.00 dividend on an annualized basis and a yield of 4.86%. Philip Morris International’s dividend payout ratio is currently 86.51%.

Several equities analysts have recently commented on the company. Stifel Nicolaus lowered their price objective on Philip Morris International from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, March 25th. Bank of America boosted their target price on Philip Morris International from $107.00 to $117.00 in a research report on Sunday, April 24th. UBS Group boosted their target price on Philip Morris International from $95.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, February 17th. StockNews.com initiated coverage on Philip Morris International in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Morgan Stanley boosted their target price on Philip Morris International from $104.00 to $112.00 and gave the stock an “overweight” rating in a research report on Friday, April 22nd. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $112.00.

About Philip Morris International (Get Rating)

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, smoke-free products, and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Creations, HEETS Dimensions, HEETS Marlboro, HEETS FROM MARLBORO, Marlboro Dimensions, Marlboro HeatSticks, and Parliament HeatSticks brands, as well as under the Fiit and Miix licensed brands.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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