First Financial Corp IN Decreases Stake in Philip Morris International Inc. (NYSE:PM)

First Financial Corp IN lessened its stake in Philip Morris International Inc. (NYSE:PMFree Report) by 17.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,274 shares of the company’s stock after selling 262 shares during the period. First Financial Corp IN’s holdings in Philip Morris International were worth $117,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. PFG Investments LLC raised its stake in shares of Philip Morris International by 1.9% in the 4th quarter. PFG Investments LLC now owns 5,951 shares of the company’s stock valued at $560,000 after buying an additional 109 shares in the last quarter. CGC Financial Services LLC increased its position in shares of Philip Morris International by 8.2% during the fourth quarter. CGC Financial Services LLC now owns 1,453 shares of the company’s stock worth $137,000 after buying an additional 110 shares during the period. Raleigh Capital Management Inc. increased its position in shares of Philip Morris International by 0.3% during the third quarter. Raleigh Capital Management Inc. now owns 36,857 shares of the company’s stock worth $3,412,000 after buying an additional 112 shares during the period. Bluesphere Advisors LLC grew its holdings in Philip Morris International by 0.7% in the fourth quarter. Bluesphere Advisors LLC now owns 17,000 shares of the company’s stock worth $1,599,000 after purchasing an additional 113 shares during the period. Finally, Pekin Hardy Strauss Inc. grew its holdings in Philip Morris International by 0.4% in the fourth quarter. Pekin Hardy Strauss Inc. now owns 29,316 shares of the company’s stock worth $2,758,000 after purchasing an additional 113 shares during the period. 78.63% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Wilde Frederic De sold 20,000 shares of the business’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $96.42, for a total value of $1,928,400.00. Following the sale, the insider now directly owns 178,447 shares in the company, valued at approximately $17,205,859.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.14% of the company’s stock.

Philip Morris International Stock Performance

Shares of NYSE:PM traded up $0.18 during trading on Tuesday, reaching $102.05. 7,268,253 shares of the stock were exchanged, compared to its average volume of 5,505,149. Philip Morris International Inc. has a 12-month low of $87.23 and a 12-month high of $104.90. The firm’s 50-day moving average price is $99.24 and its 200 day moving average price is $94.69. The firm has a market cap of $158.64 billion, a price-to-earnings ratio of 19.90, a price-to-earnings-growth ratio of 2.05 and a beta of 0.57.

Philip Morris International (NYSE:PMGet Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.09. The firm had revenue of $8.79 billion during the quarter, compared to the consensus estimate of $8.44 billion. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.38 EPS. As a group, equities research analysts forecast that Philip Morris International Inc. will post 6.32 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 8th. Stockholders of record on Friday, June 21st will be issued a $1.30 dividend. The ex-dividend date of this dividend is Friday, June 21st. This represents a $5.20 annualized dividend and a dividend yield of 5.10%. Philip Morris International’s payout ratio is currently 101.56%.

Analyst Ratings Changes

A number of research firms have commented on PM. Argus restated a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. Stifel Nicolaus lifted their price objective on shares of Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Philip Morris International presently has a consensus rating of “Hold” and a consensus target price of $104.22.

Read Our Latest Stock Report on PM

Philip Morris International Profile

(Free Report)

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

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