Sabal Trust CO Decreases Position in Philip Morris International Inc. (PM)

Sabal Trust CO cut its stake in Philip Morris International Inc. (NYSE:PM) by 2.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,486 shares of the company’s stock after selling 185 shares during the quarter. Sabal Trust CO’s holdings in Philip Morris International were worth $573,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of PM. Spinnaker Trust raised its position in shares of Philip Morris International by 0.8% during the 4th quarter. Spinnaker Trust now owns 17,190 shares of the company’s stock valued at $1,147,000 after buying an additional 133 shares during the period. EP Wealth Advisors LLC raised its position in shares of Philip Morris International by 1.9% during the 4th quarter. EP Wealth Advisors LLC now owns 7,725 shares of the company’s stock valued at $516,000 after buying an additional 146 shares during the period. Weatherly Asset Management L. P. raised its position in shares of Philip Morris International by 3.0% during the 4th quarter. Weatherly Asset Management L. P. now owns 5,036 shares of the company’s stock valued at $336,000 after buying an additional 147 shares during the period. Wealthcare Advisory Partners LLC raised its position in shares of Philip Morris International by 2.9% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 5,574 shares of the company’s stock valued at $372,000 after buying an additional 157 shares during the period. Finally, Appleton Partners Inc. MA raised its position in shares of Philip Morris International by 6.2% during the 4th quarter. Appleton Partners Inc. MA now owns 3,010 shares of the company’s stock valued at $201,000 after buying an additional 175 shares during the period. 73.48% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have recently commented on the stock. Zacks Investment Research raised shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $96.00 price target on the stock in a research report on Thursday, April 4th. Citigroup lifted their price target on shares of Philip Morris International from $90.00 to $102.00 and gave the company a “buy” rating in a research report on Monday, March 25th. UBS Group raised shares of Philip Morris International from a “neutral” rating to a “buy” rating and lifted their price target for the company from $86.00 to $101.00 in a research report on Wednesday, February 27th. Jefferies Financial Group reaffirmed a “hold” rating and set a $80.00 price target on shares of Philip Morris International in a research report on Sunday, February 10th. Finally, Bank of America reaffirmed a “sell” rating and set a $74.00 price target on shares of Philip Morris International in a research report on Tuesday, March 26th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Philip Morris International presently has a consensus rating of “Hold” and a consensus target price of $91.85.

Philip Morris International stock opened at $84.76 on Friday. Philip Morris International Inc. has a fifty-two week low of $64.67 and a fifty-two week high of $92.74. The company has a market capitalization of $131.87 billion, a P/E ratio of 16.62, a P/E/G ratio of 2.15 and a beta of 0.95.

Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, April 18th. The company reported $1.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.10. Philip Morris International had a net margin of 9.74% and a negative return on equity of 78.74%. The firm had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.76 billion. During the same quarter last year, the firm earned $1.00 EPS. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. Equities analysts expect that Philip Morris International Inc. will post 5.2 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Tuesday, March 26th were issued a $1.14 dividend. The ex-dividend date of this dividend was Monday, March 25th. This represents a $4.56 annualized dividend and a yield of 5.38%. Philip Morris International’s dividend payout ratio (DPR) is presently 89.41%.

In related news, Director Louis C. Camilleri sold 70,000 shares of Philip Morris International stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $83.54, for a total value of $5,847,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andre Calantzopoulos sold 50,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $84.76, for a total transaction of $4,238,000.00. Following the completion of the sale, the chief executive officer now owns 844,901 shares of the company’s stock, valued at approximately $71,613,808.76. The disclosure for this sale can be found here. Insiders sold a total of 121,200 shares of company stock valued at $10,186,984 in the last quarter. 0.21% of the stock is owned by insiders.

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Philip Morris International Company Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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