CNB Bank Reduces Stock Holdings in Philip Morris International Inc. (NYSE:PM)

CNB Bank decreased its holdings in Philip Morris International Inc. (NYSE:PM) by 8.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 10,322 shares of the company’s stock after selling 980 shares during the period. CNB Bank’s holdings in Philip Morris International were worth $1,242,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Everpar Advisors LLC grew its position in shares of Philip Morris International by 4.0% during the 4th quarter. Everpar Advisors LLC now owns 4,504 shares of the company’s stock valued at $542,000 after purchasing an additional 172 shares in the last quarter. Tompkins Financial Corp grew its position in Philip Morris International by 72.4% during the fourth quarter. Tompkins Financial Corp now owns 11,688 shares of the company’s stock worth $1,407,000 after buying an additional 4,910 shares in the last quarter. Capital Planning LLC grew its position in Philip Morris International by 7.1% during the fourth quarter. Capital Planning LLC now owns 2,613 shares of the company’s stock worth $318,000 after buying an additional 173 shares in the last quarter. Cypress Wealth Services LLC increased its stake in Philip Morris International by 9.5% in the 4th quarter. Cypress Wealth Services LLC now owns 7,391 shares of the company’s stock worth $889,000 after acquiring an additional 643 shares during the last quarter. Finally, Ritholtz Wealth Management raised its holdings in shares of Philip Morris International by 50.9% in the 4th quarter. Ritholtz Wealth Management now owns 53,884 shares of the company’s stock valued at $6,485,000 after acquiring an additional 18,183 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on PM shares. Barclays cut their price objective on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. The Goldman Sachs Group lifted their price objective on shares of Philip Morris International from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Morgan Stanley assumed coverage on Philip Morris International in a research note on Thursday. They set an “overweight” rating and a $140.00 price target for the company. Deutsche Bank Aktiengesellschaft increased their price objective on Philip Morris International from $118.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Finally, Citigroup boosted their target price on Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Philip Morris International has an average rating of “Moderate Buy” and an average target price of $131.35.

Philip Morris International Stock Up 0.4 %

Shares of NYSE PM opened at $120.34 on Friday. The company has a 50 day moving average of $125.67 and a 200 day moving average of $121.05. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $134.15. The firm has a market cap of $187.11 billion, a P/E ratio of 19.08, a PEG ratio of 1.86 and a beta of 0.54.

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

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s payout ratio is 85.71%.

Insider Activity at Philip Morris International

In other news, insider Werner Barth sold 7,500 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $129.98, for a total transaction of $974,850.00. Following the sale, the insider now directly owns 95,418 shares in the company, valued at $12,402,431.64. This trade represents a 7.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Andre Calantzopoulos sold 101,918 shares of the business’s stock in a transaction dated 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 completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by company insiders.

Philip Morris International Company 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.