Philip Morris International Inc. (NYSE:PM) Shares Purchased by Wesbanco Bank Inc.

Wesbanco Bank Inc. increased its stake in shares of Philip Morris International Inc. (NYSE:PM) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,569 shares of the company’s stock after acquiring an additional 183 shares during the quarter. Wesbanco Bank Inc.’s holdings in Philip Morris International were worth $3,318,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. American Century Companies Inc. boosted its holdings in shares of Philip Morris International by 24.5% in the second quarter. American Century Companies Inc. now owns 8,701 shares of the company’s stock valued at $882,000 after acquiring an additional 1,715 shares in the last quarter. Mill Creek Capital Advisors LLC boosted its holdings in shares of Philip Morris International by 4.7% in the second quarter. Mill Creek Capital Advisors LLC now owns 3,051 shares of the company’s stock valued at $309,000 after acquiring an additional 136 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Philip Morris International by 59.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 297,348 shares of the company’s stock valued at $30,130,000 after acquiring an additional 111,378 shares in the last quarter. Fred Alger Management LLC boosted its holdings in shares of Philip Morris International by 10.6% in the second quarter. Fred Alger Management LLC now owns 30,898 shares of the company’s stock valued at $3,131,000 after acquiring an additional 2,955 shares in the last quarter. Finally, Blankinship & Foster LLC purchased a new stake in Philip Morris International during the second quarter worth about $202,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Trading Down 0.7 %

Shares of PM stock opened at $122.91 on Thursday. The company has a market capitalization of $191.11 billion, a PE ratio of 19.51, a price-to-earnings-growth ratio of 2.03 and a beta of 0.54. The firm has a fifty day simple moving average of $125.43 and a 200-day simple moving average of $121.76. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $134.15.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.09. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. The business had revenue of $9.91 billion for the quarter, compared to analysts’ expectations of $9.68 billion. During the same quarter last year, the company earned $1.67 EPS. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. Equities research analysts predict that Philip Morris International Inc. will post 6.5 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. Investors of record on Thursday, December 26th were issued a $1.35 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.39%. Philip Morris International’s dividend payout ratio (DPR) is presently 85.71%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on PM shares. Morgan Stanley started coverage on shares of Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price target on the stock. Citigroup boosted their price objective on shares of Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Stifel Nicolaus reissued a “buy” rating and issued a $145.00 price objective (up previously from $138.00) on shares of Philip Morris International in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Philip Morris International from $118.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Finally, The Goldman Sachs Group boosted their price objective on shares of Philip Morris International from $126.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $131.35.

Philip Morris International Company 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.