Thomasville National Bank Buys 656 Shares of Philip Morris International Inc. (NYSE:PM)

Thomasville National Bank lifted its stake in shares of Philip Morris International Inc. (NYSE:PM) by 1.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 42,251 shares of the company’s stock after purchasing an additional 656 shares during the quarter. Thomasville National Bank’s holdings in Philip Morris International were worth $3,871,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Grantham Mayo Van Otterloo & Co. LLC grew its stake in Philip Morris International by 45.8% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 65,313 shares of the company’s stock valued at $6,047,000 after acquiring an additional 20,527 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of Philip Morris International by 1.2% in the third quarter. Nordea Investment Management AB now owns 73,801 shares of the company’s stock worth $6,906,000 after purchasing an additional 865 shares during the period. Aigen Investment Management LP purchased a new stake in shares of Philip Morris International in the third quarter worth $779,000. CI Investments Inc. boosted its stake in Philip Morris International by 2.9% during the third quarter. CI Investments Inc. now owns 47,985 shares of the company’s stock valued at $4,442,000 after buying an additional 1,341 shares during the period. Finally, Interchange Capital Partners LLC purchased a new position in Philip Morris International during the third quarter worth about $297,000. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Trading Down 0.0 %

Shares of PM stock traded down $0.04 during trading hours on Thursday, hitting $101.20. 4,641,119 shares of the company’s stock were exchanged, compared to its average volume of 5,446,711. The company has a market capitalization of $157.32 billion, a PE ratio of 19.77, a PEG ratio of 2.08 and a beta of 0.57. Philip Morris International Inc. has a 12-month low of $87.23 and a 12-month high of $104.90. The business’s 50 day simple moving average is $98.76 and its 200-day simple moving average is $94.53.

Philip Morris International (NYSE:PM) last issued its earnings results on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. Philip Morris International had a net margin of 8.58% and a negative return on equity of 113.26%. The company had revenue of $8.79 billion for the quarter, compared to analysts’ expectations of $8.44 billion. During the same quarter last year, the company earned $1.38 EPS. The firm’s revenue was up 8.6% compared to the same quarter last year. Equities analysts anticipate that Philip Morris International Inc. will post 6.32 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 8th. Shareholders of record on Friday, June 21st will be paid a $1.30 dividend. The ex-dividend date of this dividend is Friday, June 21st. This represents a $5.20 dividend on an annualized basis and a yield of 5.14%. Philip Morris International’s dividend payout ratio (DPR) is currently 101.56%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PM. Stifel Nicolaus raised their price target on Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $105.50.

Insider Buying and Selling at Philip Morris International

In other news, insider Wilde Frederic De sold 20,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now owns 178,447 shares in the company, valued at $17,205,859.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company’s stock.

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.