Bath Savings Trust Co Decreases Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Bath Savings Trust Co reduced its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 3.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,165 shares of the company’s stock after selling 465 shares during the quarter. Bath Savings Trust Co’s holdings in Philip Morris International were worth $1,298,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Capital Research Global Investors raised its stake in shares of Philip Morris International by 9.1% in the fourth quarter. Capital Research Global Investors now owns 58,416,175 shares of the company’s stock valued at $5,495,794,000 after buying an additional 4,869,272 shares during the period. Wellington Management Group LLP raised its position in shares of Philip Morris International by 12.6% in the third quarter. Wellington Management Group LLP now owns 27,821,802 shares of the company’s stock valued at $2,575,742,000 after purchasing an additional 3,121,732 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Philip Morris International by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,396,354 shares of the company’s stock valued at $1,226,746,000 after buying an additional 125,919 shares in the last quarter. Northern Trust Corp boosted its holdings in Philip Morris International by 0.6% in the 4th quarter. Northern Trust Corp now owns 13,126,737 shares of the company’s stock worth $1,234,963,000 after buying an additional 77,820 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Philip Morris International by 25.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,439,154 shares of the company’s stock valued at $996,104,000 after buying an additional 2,123,311 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Down 0.8 %

Shares of PM traded down $0.81 during trading hours on Wednesday, hitting $101.24. The company had a trading volume of 5,990,946 shares, compared to its average volume of 4,455,109. Philip Morris International Inc. has a 52-week low of $87.23 and a 52-week high of $104.90. The stock’s 50 day moving average price is $98.52 and its 200 day moving average price is $94.48. The firm has a market cap of $157.38 billion, a P/E ratio of 19.77, a P/E/G ratio of 2.10 and a beta of 0.57.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. The firm had revenue of $8.79 billion during the quarter, compared to analyst estimates of $8.44 billion. During the same quarter in the prior year, the firm posted $1.38 earnings per share. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, research analysts expect that Philip Morris International Inc. will post 6.32 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 8th. Investors of record on Friday, June 21st will be issued a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $5.20 dividend on an annualized basis and a yield of 5.14%. Philip Morris International’s dividend payout ratio is presently 101.56%.

Analyst Ratings Changes

PM has been the topic of several recent research reports. Stifel Nicolaus increased their target price on Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $105.50.

Insider Buying and Selling at Philip Morris International

In related news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $96.42, for a total value of $1,928,400.00. Following the sale, the insider now owns 178,447 shares in the company, valued at $17,205,859.74. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

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.