CoreFirst Bank & Trust Buys New Shares in Philip Morris International Inc. (NYSE:PM)

CoreFirst Bank & Trust purchased a new position in shares of Philip Morris International Inc. (NYSE:PM) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 5,217 shares of the company’s stock, valued at approximately $628,000.

Several other hedge funds have also recently made changes to their positions in PM. Great Valley Advisor Group Inc. grew its holdings in Philip Morris International by 34.2% in the third quarter. Great Valley Advisor Group Inc. now owns 19,454 shares of the company’s stock worth $2,362,000 after purchasing an additional 4,958 shares during the period. Kingsview Wealth Management LLC boosted its holdings in Philip Morris International by 17.1% in the third quarter. Kingsview Wealth Management LLC now owns 18,808 shares of the company’s stock worth $2,283,000 after acquiring an additional 2,747 shares in the last quarter. Algert Global LLC acquired a new stake in Philip Morris International in the third quarter valued at approximately $5,464,000. Larson Financial Group LLC increased its stake in Philip Morris International by 227.0% during the 3rd quarter. Larson Financial Group LLC now owns 9,100 shares of the company’s stock valued at $1,105,000 after purchasing an additional 6,317 shares in the last quarter. Finally, Cahill Financial Advisors Inc. raised its holdings in Philip Morris International by 32.9% during the third quarter. Cahill Financial Advisors Inc. now owns 3,048 shares of the company’s stock worth $370,000 after buying an additional 754 shares during the last quarter. 78.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Barclays upped their target price on shares of Philip Morris International from $145.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. UBS Group boosted their price target on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a report on Friday, February 7th. Stifel Nicolaus increased their price target on Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, Argus raised Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Philip Morris International has an average rating of “Moderate Buy” and an average target price of $144.56.

Philip Morris International Stock Performance

PM stock opened at $151.66 on Tuesday. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $159.51. The stock has a fifty day moving average of $143.06 and a 200-day moving average of $131.40. The company has a market capitalization of $235.81 billion, a price-to-earnings ratio of 33.63, a PEG ratio of 2.65 and a beta of 0.53.

Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate 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 predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th will be given a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 3.56%. The ex-dividend date of this dividend is Thursday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is presently 119.73%.

Insider Activity at Philip Morris International

In related news, Chairman Andre Calantzopoulos sold 40,643 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $149.06, for a total transaction of $6,058,245.58. Following the completion of the transaction, the chairman now owns 561,349 shares of the company’s stock, valued at approximately $83,674,681.94. The trade was a 6.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Yann Guerin sold 2,500 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $151.28, for a total transaction of $378,200.00. Following the completion of the sale, the senior vice president now owns 30,308 shares in the company, valued at $4,584,994.24. This represents a 7.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 131,822 shares of company stock worth $19,655,585. 0.13% of the stock is owned by company insiders.

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.