Cambridge Trust Co. Sells 17,842 Shares of Philip Morris International Inc. (NYSE:PM)

Cambridge Trust Co. cut its holdings in Philip Morris International Inc. (NYSE:PM – Get Rating) by 88.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,274 shares of the company’s stock after selling 17,842 shares during the period. Cambridge Trust Co.’s holdings in Philip Morris International were worth $230,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Parkside Advisors LLC bought a new stake in shares of Philip Morris International during the 4th quarter worth about $738,000. Brookstone Capital Management lifted its holdings in Philip Morris International by 0.4% in the 4th quarter. Brookstone Capital Management now owns 26,436 shares of the company’s stock worth $2,736,000 after purchasing an additional 116 shares during the last quarter. Addison Capital Co lifted its holdings in Philip Morris International by 3.8% in the 4th quarter. Addison Capital Co now owns 26,386 shares of the company’s stock worth $2,671,000 after purchasing an additional 963 shares during the last quarter. GoalVest Advisory LLC boosted its position in Philip Morris International by 9.2% during the fourth quarter. GoalVest Advisory LLC now owns 9,469 shares of the company’s stock worth $958,000 after purchasing an additional 795 shares during the period. Finally, Symmetry Partners LLC grew its holdings in Philip Morris International by 13.5% during the fourth quarter. Symmetry Partners LLC now owns 17,715 shares of the company’s stock valued at $1,793,000 after purchasing an additional 2,108 shares during the last quarter. 75.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PM has been the subject of a number of analyst reports. The Goldman Sachs Group upgraded shares of Philip Morris International from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $95.00 to $120.00 in a research note on Wednesday, January 25th. UBS Group upgraded shares of Philip Morris International from a “neutral” rating to a “buy” rating and upped their price target for the company from $106.00 to $116.00 in a report on Wednesday, March 1st. StockNews.com started coverage on Philip Morris International in a research note on Thursday. They issued a “hold” rating on the stock. JPMorgan Chase & Co. increased their target price on Philip Morris International from $95.00 to $109.00 and gave the company a “neutral” rating in a research note on Monday, February 13th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $109.00 price target on shares of Philip Morris International in a research report on Tuesday, December 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Philip Morris International has a consensus rating of “Hold” and an average target price of $109.73.

Philip Morris International Trading Down 0.6 %

Shares of PM stock opened at $94.79 on Friday. Philip Morris International Inc. has a 12 month low of $82.85 and a 12 month high of $109.81. The company has a market capitalization of $146.95 billion, a P/E ratio of 16.32, a P/E/G ratio of 3.03 and a beta of 0.69. The stock has a 50 day moving average of $100.69 and a two-hundred day moving average of $96.75.

Philip Morris International (NYSE:PM – Get Rating) last issued its earnings results on Thursday, February 9th. The company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.29 by $0.10. Philip Morris International had a negative return on equity of 127.24% and a net margin of 11.22%. The firm had revenue of $8.15 billion during the quarter, compared to analysts’ expectations of $7.54 billion. Philip Morris International’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the business earned $1.35 earnings per share. Sell-side analysts predict that Philip Morris International Inc. will post 6.29 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 11th. Investors of record on Thursday, March 23rd will be paid a $1.27 dividend. The ex-dividend date of this dividend is Wednesday, March 22nd. This represents a $5.08 dividend on an annualized basis and a yield of 5.36%. Philip Morris International’s payout ratio is currently 87.44%.

Insider Buying and Selling

In other news, insider Werner Barth sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, March 2nd. The stock was sold at an average price of $98.35, for a total value of $786,800.00. Following the sale, the insider now directly owns 87,321 shares in the company, valued at approximately $8,588,020.35. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Stacey Kennedy sold 8,756 shares of the company’s stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $101.31, for a total value of $887,070.36. Following the sale, the insider now owns 47,731 shares of the company’s stock, valued at approximately $4,835,627.61. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Werner Barth sold 8,000 shares of Philip Morris International stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $98.35, for a total transaction of $786,800.00. Following the transaction, the insider now directly owns 87,321 shares of the company’s stock, valued at $8,588,020.35. The disclosure for this sale can be found here. Insiders sold 117,064 shares of company stock valued at $11,738,763 over the last quarter. Corporate insiders own 0.13% of the company’s stock.

Philip Morris International Profile

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Philip Morris International, Inc is a holding company engaged in the manufacturing and sale of cigarettes, tobacco, and nicotine-containing products. Its products include cigarettes and reduced-risk products, including heat-not-burn, vapor, and oral nicotine products. The firm operates through the following geographical segments: European Union, Eastern Europe, Middle East and Africa, South and Southeast Asia, East Asia and Australia, and Americas.