Philip Morris International Inc. (NYSE:PM) Shares Sold by First Financial Bank Trust Division

First Financial Bank Trust Division trimmed its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 3.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,426 shares of the company’s stock after selling 98 shares during the quarter. First Financial Bank Trust Division’s holdings in Philip Morris International were worth $292,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PM. Lantz Financial LLC boosted its holdings in Philip Morris International by 2.8% in the 2nd quarter. Lantz Financial LLC now owns 5,651 shares of the company’s stock worth $573,000 after acquiring an additional 153 shares during the period. Tortoise Investment Management LLC grew its holdings in Philip Morris International by 36.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 1,316 shares of the company’s stock valued at $133,000 after purchasing an additional 348 shares in the last quarter. Midland Wealth Advisors LLC increased its stake in Philip Morris International by 141.4% during the 2nd quarter. Midland Wealth Advisors LLC now owns 5,484 shares of the company’s stock worth $556,000 after buying an additional 3,212 shares during the period. Oxinas Partners Wealth Management LLC acquired a new position in Philip Morris International in the 2nd quarter worth $228,000. Finally, Oregon Public Employees Retirement Fund boosted its position in Philip Morris International by 0.6% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 133,530 shares of the company’s stock valued at $13,531,000 after buying an additional 777 shares during the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Philip Morris International news, insider Werner Barth sold 7,500 shares of Philip Morris International stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $129.98, for a total transaction of $974,850.00. Following the sale, the insider now owns 95,418 shares of the company’s stock, valued at $12,402,431.64. The trade was a 7.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Andre Calantzopoulos sold 101,918 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $129.85, for a total value of $13,234,052.30. Following the completion of the transaction, the chairman now directly owns 959,761 shares of the company’s stock, valued at approximately $124,624,965.85. The trade was a 9.60 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

Philip Morris International Stock Up 0.6 %

Shares of NYSE:PM traded up $0.75 on Thursday, reaching $121.10. 3,308,011 shares of the company’s stock were exchanged, compared to its average volume of 5,325,096. The business’s 50-day moving average is $127.81 and its two-hundred day moving average is $119.75. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $134.15. The firm has a market capitalization of $188.29 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 2.22 and a beta of 0.53.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.09. The firm had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.68 billion. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. Philip Morris International’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.67 earnings per share. Analysts predict that Philip Morris International Inc. will post 6.51 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Thursday, December 26th will be paid a dividend of $1.35 per share. The ex-dividend date is Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a yield of 4.46%. Philip Morris International’s payout ratio is currently 85.71%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. The Goldman Sachs Group lifted their target price on Philip Morris International from $126.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Barclays lifted their price objective on Philip Morris International from $145.00 to $155.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. UBS Group increased their target price on Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a research note on Wednesday, October 23rd. Citigroup lifted their price target on shares of Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $145.00 price objective (up from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $131.50.

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.