Philip Morris International Inc. $PM Shares Acquired by Community Trust & Investment Co.

Community Trust & Investment Co. boosted its stake in Philip Morris International Inc. (NYSE:PM) by 15.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,936 shares of the company’s stock after buying an additional 3,340 shares during the period. Community Trust & Investment Co.’s holdings in Philip Morris International were worth $4,045,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new position in shares of Philip Morris International during the second quarter valued at approximately $25,000. Traub Capital Management LLC bought a new position in Philip Morris International during the 2nd quarter valued at $25,000. Abound Wealth Management increased its position in shares of Philip Morris International by 566.7% during the 2nd quarter. Abound Wealth Management now owns 160 shares of the company’s stock valued at $29,000 after purchasing an additional 136 shares during the period. Briaud Financial Planning Inc increased its position in shares of Philip Morris International by 266.7% during the 2nd quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock valued at $30,000 after purchasing an additional 120 shares during the period. Finally, Estabrook Capital Management bought a new stake in shares of Philip Morris International in the 2nd quarter worth $30,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Price Performance

Shares of PM opened at $160.00 on Tuesday. The company has a 50-day moving average of $154.73 and a two-hundred day moving average of $162.71. The stock has a market cap of $249.06 billion, a price-to-earnings ratio of 28.99, a PEG ratio of 1.72 and a beta of 0.40. Philip Morris International Inc. has a one year low of $116.12 and a one year high of $186.69.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, March 28th. The company reported $1.59 EPS for the quarter. Philip Morris International had a net margin of 9.33% and a negative return on equity of 122.14%. The business had revenue of $8.12 billion during the quarter. Analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Friday, December 26th will be given a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Friday, December 26th. Philip Morris International’s payout ratio is presently 106.52%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PM. Morgan Stanley set a $175.00 target price on Philip Morris International and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, October 8th. Barclays dropped their target price on shares of Philip Morris International from $220.00 to $180.00 and set an “overweight” rating on the stock in a report on Monday, November 17th. The Goldman Sachs Group restated a “buy” rating on shares of Philip Morris International in a report on Wednesday, October 22nd. Finally, Stifel Nicolaus set a $180.00 price target on Philip Morris International in a report on Tuesday, October 21st. Twelve analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Philip Morris International currently has an average rating of “Moderate Buy” and an average price target of $189.00.

Philip Morris International Profile

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.