Parkside Financial Bank & Trust Has $1.05 Million Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Parkside Financial Bank & Trust boosted its position in shares of Philip Morris International Inc. (NYSE:PM) by 5.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,104 shares of the company’s stock after acquiring an additional 548 shares during the period. Parkside Financial Bank & Trust’s holdings in Philip Morris International were worth $1,045,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its stake in Philip Morris International by 12.6% during the third quarter. Wellington Management Group LLP now owns 27,821,802 shares of the company’s stock valued at $2,575,742,000 after acquiring an additional 3,121,732 shares during the period. Invesco Ltd. increased its stake in Philip Morris International by 33.5% during the third quarter. Invesco Ltd. now owns 17,147,790 shares of the company’s stock valued at $1,587,542,000 after acquiring an additional 4,304,089 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Philip Morris International by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 13,270,435 shares of the company’s stock valued at $1,197,730,000 after acquiring an additional 87,946 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Philip Morris International by 3.7% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 8,315,843 shares of the company’s stock valued at $769,881,000 after acquiring an additional 299,005 shares during the period. Finally, Royal Bank of Canada increased its stake in Philip Morris International by 0.3% during the third quarter. Royal Bank of Canada now owns 6,806,099 shares of the company’s stock valued at $630,108,000 after acquiring an additional 20,092 shares during the period. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Price Performance

Shares of PM traded down $0.44 on Wednesday, hitting $97.22. The company’s stock had a trading volume of 2,259,439 shares, compared to its average volume of 5,611,097. The company has a market capitalization of $151.13 billion, a PE ratio of 19.11, a PEG ratio of 1.97 and a beta of 0.61. Philip Morris International Inc. has a fifty-two week low of $87.23 and a fifty-two week high of $100.79. The company has a 50 day moving average price of $91.46 and a 200 day moving average price of $92.10.

Philip Morris International (NYSE:PM) last announced its earnings results on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.41 by $0.09. The business had revenue of $8.79 billion for the quarter, compared to the consensus estimate of $8.44 billion. Philip Morris International had a negative return on equity of 116.29% and a net margin of 8.53%. Philip Morris International’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.38 EPS. On average, equities analysts forecast that Philip Morris International Inc. will post 6.36 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 5.35%. The ex-dividend date of this dividend was Wednesday, March 20th. Philip Morris International’s dividend payout ratio is 103.59%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on PM shares. UBS Group lowered Philip Morris International from a “buy” rating to a “sell” rating and lowered their price target for the company from $105.00 to $86.50 in a research note on Tuesday, January 23rd. Societe Generale upgraded Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective on the stock in a research note on Tuesday, February 13th. Argus reiterated a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. Finally, Stifel Nicolaus upped their price objective on Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $105.50.

Insiders Place Their Bets

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 2,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total transaction of $181,380.00. Following the transaction, the vice president now owns 9,726 shares of the company’s stock, valued at approximately $882,050.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, VP Reginaldo Dobrowolski sold 2,000 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total value of $181,380.00. Following the transaction, the vice president now owns 9,726 shares of the company’s stock, valued at approximately $882,050.94. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Werner Barth sold 5,000 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $91.46, for a total value of $457,300.00. Following the completion of the transaction, the insider now directly owns 102,918 shares in the company, valued at approximately $9,412,880.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,250 shares of company stock valued at $1,411,128. 0.14% of the stock is currently owned by corporate insiders.

About Philip Morris International

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.