Thomasville National Bank Grows Holdings in Philip Morris International Inc. (NYSE:PM)

Thomasville National Bank increased its position in Philip Morris International Inc. (NYSE:PM) by 2.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,636 shares of the company’s stock after acquiring an additional 1,170 shares during the quarter. Thomasville National Bank’s holdings in Philip Morris International were worth $5,252,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PM. ACT Advisors LLC. boosted its position in shares of Philip Morris International by 5.0% during the 4th quarter. ACT Advisors LLC. now owns 1,939 shares of the company’s stock valued at $233,000 after acquiring an additional 92 shares during the last quarter. Brookstone Capital Management increased its stake in Philip Morris International by 2.4% in the fourth quarter. Brookstone Capital Management now owns 26,572 shares of the company’s stock worth $3,198,000 after purchasing an additional 619 shares during the period. City State Bank increased its stake in Philip Morris International by 4.3% in the fourth quarter. City State Bank now owns 2,276 shares of the company’s stock worth $274,000 after purchasing an additional 93 shares during the period. Fiduciary Alliance LLC increased its stake in Philip Morris International by 33.3% in the fourth quarter. Fiduciary Alliance LLC now owns 2,514 shares of the company’s stock worth $303,000 after purchasing an additional 628 shares during the period. Finally, Aprio Wealth Management LLC increased its stake in shares of Philip Morris International by 39.0% during the fourth quarter. Aprio Wealth Management LLC now owns 3,915 shares of the company’s stock valued at $471,000 after buying an additional 1,098 shares during the period. 78.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PM has been the subject of a number of analyst reports. Barclays decreased their price objective on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Citigroup upped their target price on Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. UBS Group upped their target price on Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a research report on Wednesday, October 23rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $145.00 target price (up from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Philip Morris International from $118.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.39.

Insider Transactions at Philip Morris International

In related news, insider Werner Barth sold 7,500 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $129.98, for a total value of $974,850.00. Following the transaction, the insider now owns 95,418 shares in the company, valued at approximately $12,402,431.64. The trade was a 7.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Andre Calantzopoulos sold 101,918 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $129.85, for a total value of $13,234,052.30. Following the sale, the chairman now owns 959,761 shares in the company, valued at $124,624,965.85. The trade was a 9.60 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

Philip Morris International Stock Down 0.6 %

NYSE:PM traded down $0.65 during mid-day trading on Monday, reaching $116.50. 1,458,775 shares of the stock were exchanged, compared to its average volume of 3,845,269. The company has a 50 day simple moving average of $126.34 and a 200-day simple moving average of $120.84. The stock has a market capitalization of $181.14 billion, a P/E ratio of 18.49, a P/E/G ratio of 2.22 and a beta of 0.54. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $134.15.

Philip Morris International (NYSE:PM) last announced its earnings results on Tuesday, October 22nd. The company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.09. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. The company had revenue of $9.91 billion for the quarter, compared to the consensus estimate of $9.68 billion. During the same period last year, the business posted $1.67 EPS. The company’s revenue was up 8.4% on a year-over-year basis. As a group, research analysts predict that Philip Morris International Inc. will post 6.51 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Thursday, December 26th will be issued a $1.35 dividend. The ex-dividend date of this dividend is Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.64%. Philip Morris International’s dividend payout ratio (DPR) is 85.71%.

Philip Morris International Profile

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.