Citizens National Bank Trust Department Decreases Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Citizens National Bank Trust Department reduced its holdings in Philip Morris International Inc. (NYSE:PM) by 0.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,363 shares of the company’s stock after selling 190 shares during the period. Philip Morris International makes up 1.6% of Citizens National Bank Trust Department’s portfolio, making the stock its 18th largest holding. Citizens National Bank Trust Department’s holdings in Philip Morris International were worth $7,626,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Investment Advisory Services Inc. TX ADV raised its holdings in Philip Morris International by 3.2% in the 4th quarter. Investment Advisory Services Inc. TX ADV now owns 2,510 shares of the company’s stock valued at $302,000 after buying an additional 78 shares during the period. Intergy Private Wealth LLC raised its stake in shares of Philip Morris International by 4.3% in the 4th quarter. Intergy Private Wealth LLC now owns 1,959 shares of the company’s stock valued at $236,000 after acquiring an additional 80 shares during the period. BKM Wealth Management LLC lifted its holdings in shares of Philip Morris International by 3.4% in the 4th quarter. BKM Wealth Management LLC now owns 2,479 shares of the company’s stock worth $298,000 after acquiring an additional 81 shares during the last quarter. 49 Wealth Management LLC increased its holdings in Philip Morris International by 3.6% in the 3rd quarter. 49 Wealth Management LLC now owns 2,432 shares of the company’s stock valued at $295,000 after purchasing an additional 84 shares during the last quarter. Finally, Woodmont Investment Counsel LLC grew its position in Philip Morris International by 1.6% in the 3rd quarter. Woodmont Investment Counsel LLC now owns 5,452 shares of the company’s stock valued at $662,000 after acquiring an additional 86 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Insider Activity at Philip Morris International

In related news, VP Reginaldo Dobrowolski sold 5,000 shares of the business’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total value of $749,400.00. Following the transaction, the vice president now owns 20,799 shares in the company, valued at $3,117,354.12. The trade was a 19.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.13% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PM. Barclays reduced their price target on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. JPMorgan Chase & Co. raised their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Tuesday. UBS Group upped their price objective on Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a research report on Friday, February 7th. StockNews.com lowered Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Finally, Stifel Nicolaus upped their price target on Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Philip Morris International presently has an average rating of “Moderate Buy” and an average price target of $141.22.

Philip Morris International Stock Up 0.6 %

PM stock opened at $149.64 on Thursday. The business has a 50 day moving average price of $128.76 and a 200 day moving average price of $125.90. The stock has a market cap of $232.67 billion, a price-to-earnings ratio of 33.18, a PEG ratio of 2.60 and a beta of 0.55. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $151.22.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.06. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. As a group, sell-side analysts anticipate that Philip Morris International Inc. will post 7.13 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s dividend payout ratio is currently 119.73%.

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.