Global Trust Asset Management LLC Decreases Holdings in Philip Morris International Inc. (PM)

Global Trust Asset Management LLC cut its stake in shares of Philip Morris International Inc. (NYSE:PM) by 20.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 634 shares of the company’s stock after selling 167 shares during the period. Global Trust Asset Management LLC’s holdings in Philip Morris International were worth $56,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Philip Morris International by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 118,890,424 shares of the company’s stock valued at $9,694,325,000 after acquiring an additional 1,516,211 shares during the period. Vanguard Group Inc grew its position in shares of Philip Morris International by 1.3% during the 3rd quarter. Vanguard Group Inc now owns 118,890,424 shares of the company’s stock valued at $9,694,325,000 after acquiring an additional 1,516,211 shares during the period. BlackRock Inc. grew its position in shares of Philip Morris International by 5.1% during the 4th quarter. BlackRock Inc. now owns 95,049,723 shares of the company’s stock valued at $6,345,520,000 after acquiring an additional 4,576,645 shares during the period. Morgan Stanley grew its position in shares of Philip Morris International by 5.0% during the 3rd quarter. Morgan Stanley now owns 23,865,004 shares of the company’s stock valued at $1,945,952,000 after acquiring an additional 1,126,960 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Philip Morris International by 7.4% during the 4th quarter. Geode Capital Management LLC now owns 18,724,587 shares of the company’s stock valued at $1,247,824,000 after acquiring an additional 1,298,116 shares during the period. Institutional investors and hedge funds own 73.53% of the company’s stock.

A number of equities research analysts have recently issued reports on PM shares. ValuEngine raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Bank of America reissued a “sell” rating and set a $74.00 price objective on shares of Philip Morris International in a research report on Tuesday, March 26th. Piper Jaffray Companies set a $100.00 price objective on shares of Philip Morris International and gave the company a “buy” rating in a research report on Friday, February 8th. Morgan Stanley boosted their price objective on shares of Philip Morris International from $88.00 to $94.00 and gave the company an “overweight” rating in a research report on Monday. Finally, UBS Group raised shares of Philip Morris International from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $86.00 to $101.00 in a research report on Wednesday, February 27th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $92.43.

Shares of Philip Morris International stock opened at $85.48 on Thursday. The firm has a market capitalization of $134.09 billion, a P/E ratio of 16.76, a PEG ratio of 1.93 and a beta of 0.95. Philip Morris International Inc. has a fifty-two week low of $64.67 and a fifty-two week high of $103.11.

Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, February 7th. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.09. The company had revenue of $7.50 billion during the quarter, compared to the consensus estimate of $7.46 billion. Philip Morris International had a net margin of 9.90% and a negative return on equity of 76.82%. Philip Morris International’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.32 EPS. On average, analysts expect that Philip Morris International Inc. will post 5.26 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Tuesday, March 26th were issued a $1.14 dividend. This represents a $4.56 annualized dividend and a yield of 5.33%. The ex-dividend date of this dividend was Monday, March 25th. Philip Morris International’s dividend payout ratio is currently 89.41%.

In related news, CEO Andre Calantzopoulos sold 50,000 shares of the company’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $84.76, for a total value of $4,238,000.00. Following the completion of the transaction, the chief executive officer now owns 844,901 shares of the company’s stock, valued at approximately $71,613,808.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.21% of the company’s stock.

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Philip Morris International Company Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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