2,370 Shares in Philip Morris International Inc. (NYSE:PM) Bought by First American Trust FSB

First American Trust FSB purchased a new position in Philip Morris International Inc. (NYSE:PM) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,370 shares of the company’s stock, valued at approximately $223,000.

A number of other institutional investors also recently bought and sold shares of PM. Headlands Technologies LLC purchased a new stake in Philip Morris International in the third quarter worth $27,000. PCA Investment Advisory Services Inc. purchased a new stake in Philip Morris International in the second quarter worth $27,000. Tennessee Valley Asset Management Partners purchased a new position in shares of Philip Morris International during the fourth quarter valued at $33,000. DHJJ Financial Advisors Ltd. purchased a new position in shares of Philip Morris International during the third quarter valued at $36,000. Finally, Legacy Financial Group LLC purchased a new position in shares of Philip Morris International during the third quarter valued at $37,000. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Trading Up 0.6 %

NYSE PM traded up $0.49 during trading hours on Tuesday, reaching $89.09. The company had a trading volume of 945,984 shares, compared to its average volume of 5,452,822. The stock has a 50-day moving average of $91.13 and a 200 day moving average of $92.05. Philip Morris International Inc. has a 1-year low of $87.23 and a 1-year high of $101.92. The stock has a market capitalization of $138.49 billion, a P/E ratio of 17.65, a price-to-earnings-growth ratio of 2.01 and a beta of 0.61.

Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, February 8th. The company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.08). Philip Morris International had a net margin of 8.53% and a negative return on equity of 116.29%. The company had revenue of $9.05 billion during the quarter, compared to analyst estimates of $8.99 billion. During the same period in the previous year, the company earned $1.39 EPS. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, sell-side analysts predict that Philip Morris International Inc. will post 6.37 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $5.20 annualized dividend and a dividend yield of 5.84%. Philip Morris International’s dividend payout ratio is presently 103.59%.

Insider Transactions at Philip Morris International

In other news, insider Massimo Andolina sold 8,250 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $93.63, for a total transaction of $772,447.50. Following the sale, the insider now owns 94,629 shares of the company’s stock, valued at $8,860,113.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Massimo Andolina sold 8,250 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $93.63, for a total transaction of $772,447.50. Following the sale, the insider now owns 94,629 shares of the company’s stock, valued at $8,860,113.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Reginaldo Dobrowolski sold 2,000 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total transaction of $181,380.00. Following the sale, the vice president now directly owns 9,726 shares in the company, valued at approximately $882,050.94. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,250 shares of company stock valued at $1,411,128. 0.14% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on PM shares. UBS Group lowered Philip Morris International from a “buy” rating to a “sell” rating and cut their target price for the company from $105.00 to $86.50 in a research note on Tuesday, January 23rd. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. Finally, Societe Generale upgraded Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price target for the company in a research report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Philip Morris International presently has an average rating of “Hold” and an average price target of $105.40.

About Philip Morris International

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.