Farmers & Merchants Trust Co of Chambersburg PA Sells 300 Shares of Philip Morris International Inc. (NYSE:PM)

Farmers & Merchants Trust Co of Chambersburg PA decreased its position in Philip Morris International Inc. (NYSE:PM) by 5.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 5,411 shares of the company’s stock after selling 300 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in Philip Morris International were worth $425,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of PM. Claybrook Capital LLC purchased a new stake in Philip Morris International in the fourth quarter worth $39,000. Clarfeld Financial Advisors LLC purchased a new stake in Philip Morris International in the fourth quarter worth $40,000. CX Institutional lifted its stake in Philip Morris International by 432.1% in the first quarter. CX Institutional now owns 447 shares of the company’s stock worth $40,000 after acquiring an additional 363 shares during the period. HMS Capital Management LLC purchased a new stake in Philip Morris International in the second quarter worth $46,000. Finally, Shamrock Asset Management LLC lifted its stake in Philip Morris International by 53.9% in the first quarter. Shamrock Asset Management LLC now owns 571 shares of the company’s stock worth $50,000 after acquiring an additional 200 shares during the period. Hedge funds and other institutional investors own 73.48% of the company’s stock.

In related news, insider Mario Masseroli sold 1,100 shares of Philip Morris International stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $87.42, for a total value of $96,162.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Michael R. Kunst acquired 1,000 shares of Philip Morris International stock in a transaction that occurred on Friday, May 31st. The stock was acquired at an average price of $79.66 per share, with a total value of $79,660.00. The disclosure for this purchase can be found here. 0.21% of the stock is currently owned by company insiders.

A number of analysts recently commented on the company. Morgan Stanley set a $207.00 price target on Alibaba Group and gave the stock a “buy” rating in a research note on Friday, July 12th. ValuEngine lowered United Rentals from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 18th. Zacks Investment Research raised Investors Real Estate Trust Reit from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd. Bank of America set a $120.00 price objective on Walmart and gave the company a “buy” rating in a research report on Friday, May 17th. Finally, Barclays set a $89.00 price objective on Franco Nevada and gave the company a “hold” rating in a research report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company’s stock. Philip Morris International currently has a consensus rating of “Buy” and an average target price of $93.92.

Shares of PM traded down $1.03 during trading hours on Tuesday, hitting $85.73. The company had a trading volume of 80,569 shares, compared to its average volume of 4,452,253. The company’s fifty day moving average is $80.92. The stock has a market capitalization of $132.75 billion, a PE ratio of 16.82, a price-to-earnings-growth ratio of 2.10 and a beta of 0.96. Philip Morris International Inc. has a 52-week low of $64.67 and a 52-week high of $92.74.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, July 18th. The company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.13. Philip Morris International had a negative return on equity of 80.96% and a net margin of 10.03%. The firm had revenue of $7.70 billion during the quarter, compared to analyst estimates of $7.42 billion. During the same quarter in the previous year, the firm earned $1.41 EPS. Philip Morris International’s quarterly revenue was down .3% compared to the same quarter last year. Research analysts predict that Philip Morris International Inc. will post 5.21 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 10th. Investors of record on Friday, June 21st were issued a $1.14 dividend. The ex-dividend date was Thursday, June 20th. This represents a $4.56 annualized dividend and a yield of 5.32%. Philip Morris International’s payout ratio is 89.41%.

Philip Morris International 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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