Parkside Financial Bank & Trust Has $1.48 Million Holdings in Philip Morris International Inc. (NYSE:PM)

Parkside Financial Bank & Trust lifted its position in shares of Philip Morris International Inc. (NYSE:PM) by 17.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,305 shares of the company’s stock after buying an additional 1,819 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Philip Morris International were worth $1,481,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Valley Wealth Managers Inc. grew its holdings in Philip Morris International by 457.5% in the third quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock worth $27,000 after purchasing an additional 183 shares during the period. Dunhill Financial LLC grew its holdings in Philip Morris International by 203.8% in the third quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock worth $29,000 after purchasing an additional 161 shares during the period. McClarren Financial Advisors Inc. acquired a new stake in Philip Morris International in the fourth quarter worth $33,000. Sierra Ocean LLC acquired a new stake in Philip Morris International in the fourth quarter worth $37,000. Finally, Asset Dedication LLC grew its holdings in Philip Morris International by 55.5% in the fourth quarter. Asset Dedication LLC now owns 412 shares of the company’s stock worth $50,000 after purchasing an additional 147 shares during the period. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Philip Morris International

In other Philip Morris International news, SVP Yann Guerin sold 2,500 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $151.28, for a total transaction of $378,200.00. Following the transaction, the senior vice president now owns 30,308 shares of the company’s stock, valued at $4,584,994.24. The trade was a 7.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Werner Barth sold 10,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $148.67, for a total transaction of $1,486,700.00. Following the transaction, the insider now directly owns 106,244 shares in the company, valued at $15,795,295.48. This represents a 8.60 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 128,143 shares of company stock valued at $19,092,846. 0.14% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on PM. Stifel Nicolaus raised their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Barclays lifted their price objective on shares of Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday. Morgan Stanley assumed coverage on shares of Philip Morris International in a report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective for the company. StockNews.com cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Philip Morris International has a consensus rating of “Moderate Buy” and an average price target of $144.56.

Philip Morris International Stock Down 0.5 %

NYSE PM opened at $153.95 on Friday. The company’s 50 day moving average is $132.28 and its 200-day moving average is $127.47. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $158.39. The firm has a market cap of $239.37 billion, a P/E ratio of 34.14, a price-to-earnings-growth ratio of 2.65 and a beta of 0.55.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. Equities analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 3.51%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is 119.73%.

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.