Fidelity D & D Bancorp Inc. Sells 174 Shares of Philip Morris International Inc. (NYSE:PM)

Fidelity D & D Bancorp Inc. trimmed its position in Philip Morris International Inc. (NYSE:PM) by 3.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,356 shares of the company’s stock after selling 174 shares during the quarter. Fidelity D & D Bancorp Inc.’s holdings in Philip Morris International were worth $543,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Gilbert & Cook Inc. raised its holdings in Philip Morris International by 3.8% in the 4th quarter. Gilbert & Cook Inc. now owns 10,946 shares of the company’s stock valued at $1,030,000 after acquiring an additional 404 shares in the last quarter. Berger Financial Group Inc lifted its position in Philip Morris International by 4.9% during the fourth quarter. Berger Financial Group Inc now owns 4,055 shares of the company’s stock worth $381,000 after purchasing an additional 190 shares during the period. Northwest Financial Advisors bought a new stake in Philip Morris International during the fourth quarter worth about $33,000. Kinsale Capital Group Inc. grew its stake in Philip Morris International by 35.5% during the fourth quarter. Kinsale Capital Group Inc. now owns 31,910 shares of the company’s stock worth $3,002,000 after buying an additional 8,354 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC raised its position in shares of Philip Morris International by 21.5% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 12,919 shares of the company’s stock valued at $1,215,000 after buying an additional 2,283 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on PM. Deutsche Bank Aktiengesellschaft increased their price target on shares of Philip Morris International from $116.00 to $118.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. raised their target price on Philip Morris International from $110.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Barclays boosted their price target on Philip Morris International from $110.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, August 14th. StockNews.com upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research report on Monday, July 22nd. Finally, Bank of America increased their target price on shares of Philip Morris International from $125.00 to $139.00 and gave the stock a “buy” rating in a report on Wednesday. One equities research 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $113.70.

Philip Morris International Trading Up 0.5 %

Shares of PM stock opened at $125.81 on Friday. The firm has a market capitalization of $195.58 billion, a price-to-earnings ratio of 24.57, a PEG ratio of 2.41 and a beta of 0.55. The business’s 50-day moving average price is $113.87 and its 200-day moving average price is $102.23. Philip Morris International Inc. has a 12 month low of $87.23 and a 12 month high of $127.45.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.02. Philip Morris International had a net margin of 9.41% and a negative return on equity of 113.32%. The business had revenue of $9.47 billion during the quarter, compared to analyst estimates of $9.19 billion. During the same quarter last year, the business earned $1.60 EPS. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. On average, sell-side analysts predict that Philip Morris International Inc. will post 6.45 earnings per share for the current fiscal year.

Insider Transactions at Philip Morris International

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