Kentucky Trust Co Acquires Shares of 3,831 Philip Morris International Inc. (NYSE:PM)

Kentucky Trust Co acquired a new stake in Philip Morris International Inc. (NYSE:PM) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,831 shares of the company’s stock, valued at approximately $461,000.

A number of other large investors also recently modified their holdings of PM. Fiduciary Alliance LLC acquired a new position in shares of Philip Morris International in the 3rd quarter valued at $229,000. CX Institutional boosted its holdings in shares of Philip Morris International by 6.7% in the 3rd quarter. CX Institutional now owns 7,562 shares of the company’s stock valued at $918,000 after buying an additional 475 shares in the last quarter. Creative Planning boosted its holdings in shares of Philip Morris International by 5.6% in the 3rd quarter. Creative Planning now owns 365,549 shares of the company’s stock valued at $44,378,000 after buying an additional 19,490 shares in the last quarter. Allen Mooney & Barnes Investment Advisors LLC boosted its holdings in shares of Philip Morris International by 1.1% in the 3rd quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 8,180 shares of the company’s stock valued at $993,000 after buying an additional 90 shares in the last quarter. Finally, Occidental Asset Management LLC boosted its holdings in shares of Philip Morris International by 13.0% in the 3rd quarter. Occidental Asset Management LLC now owns 2,585 shares of the company’s stock valued at $314,000 after buying an additional 297 shares in the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Stock Performance

PM stock opened at $148.17 on Wednesday. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $148.53. The stock has a market capitalization of $230.37 billion, a PE ratio of 32.85, a price-to-earnings-growth ratio of 2.55 and a beta of 0.55. The company has a fifty day moving average of $125.98 and a 200-day moving average of $124.29.

Philip Morris International (NYSE:PM) last released its earnings results on Thursday, February 6th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.49 by $0.06. Philip Morris International had a net margin of 9.24% and a negative return on equity of 120.08%. Equities analysts forecast that Philip Morris International Inc. will post 7.11 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were issued a $1.35 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.64%. Philip Morris International’s dividend payout ratio is presently 119.73%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. StockNews.com cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday. Morgan Stanley began coverage on shares of Philip Morris International in a research note on Thursday, January 16th. They set an “overweight” rating and a $140.00 price target for the company. UBS Group increased their price target on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. increased their price target on shares of Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Barclays decreased their price target on shares of 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Philip Morris International presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.35.

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.