First National Bank & Trust Co. of Newtown Has $1.06 Million Stock Holdings in Philip Morris International Inc. (NYSE:PM)

First National Bank & Trust Co. of Newtown lowered its position in Philip Morris International Inc. (NYSE:PM) by 8.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,465 shares of the company’s stock after selling 950 shares during the period. First National Bank & Trust Co. of Newtown’s holdings in Philip Morris International were worth $1,060,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. GQG Partners LLC grew its position in Philip Morris International by 5,006.0% in the first quarter. GQG Partners LLC now owns 5,958,391 shares of the company’s stock valued at $545,908,000 after purchasing an additional 5,841,696 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of Philip Morris International by 9.1% in the 4th quarter. Capital Research Global Investors now owns 58,416,175 shares of the company’s stock valued at $5,495,794,000 after acquiring an additional 4,869,272 shares in the last quarter. Lone Pine Capital LLC bought a new stake in Philip Morris International during the fourth quarter worth about $282,785,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Philip Morris International by 25.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,439,154 shares of the company’s stock valued at $996,104,000 after purchasing an additional 2,123,311 shares during the last quarter. Finally, Van ECK Associates Corp grew its stake in Philip Morris International by 5,045.1% in the first quarter. Van ECK Associates Corp now owns 2,122,729 shares of the company’s stock valued at $194,484,000 after purchasing an additional 2,081,472 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $113.01, for a total transaction of $2,260,200.00. Following the transaction, the insider now directly owns 158,447 shares of the company’s stock, valued at approximately $17,906,095.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $113.01, for a total transaction of $2,260,200.00. Following the completion of the transaction, the insider now owns 158,447 shares in the company, valued at approximately $17,906,095.47. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Massimo Andolina sold 9,000 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $115.35, for a total transaction of $1,038,150.00. Following the completion of the sale, the insider now directly owns 85,629 shares in the company, valued at $9,877,305.15. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on PM shares. Bank of America lifted their price target on Philip Morris International from $110.00 to $118.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. StockNews.com raised Philip Morris International from a “hold” rating to a “buy” rating in a report on Monday, July 22nd. Stifel Nicolaus lifted their price objective on shares of Philip Morris International from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. upped their price objective on shares of Philip Morris International from $110.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Finally, Barclays raised their target price on shares of Philip Morris International from $110.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $109.80.

Philip Morris International Stock Performance

Shares of Philip Morris International stock traded up $0.12 during trading on Thursday, reaching $120.12. 4,156,168 shares of the company’s stock were exchanged, compared to its average volume of 5,344,273. Philip Morris International Inc. has a 1-year low of $87.23 and a 1-year high of $120.21. The company has a market cap of $186.73 billion, a P/E ratio of 23.46, a PEG ratio of 2.35 and a beta of 0.58. The firm’s 50-day moving average price is $108.66 and its 200 day moving average price is $99.52.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.57 by $0.02. The business had revenue of $9.47 billion during the quarter, compared to the consensus estimate of $9.19 billion. Philip Morris International had a net margin of 9.41% and a negative return on equity of 113.32%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.60 EPS. As a group, equities research analysts predict that Philip Morris International Inc. will post 6.41 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 8th. Shareholders of record on Friday, June 21st were issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date was Friday, June 21st. Philip Morris International’s payout ratio is 101.56%.

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.