First Citizens Financial Corp Sells 518 Shares of Philip Morris International Inc. (NYSE:PM)

First Citizens Financial Corp lessened its stake in Philip Morris International Inc. (NYSE:PMFree Report) by 18.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,349 shares of the company’s stock after selling 518 shares during the period. First Citizens Financial Corp’s holdings in Philip Morris International were worth $221,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in PM. Fairfield Bush & CO. lifted its stake in shares of Philip Morris International by 1.1% in the first quarter. Fairfield Bush & CO. now owns 26,141 shares of the company’s stock valued at $2,456,000 after buying an additional 281 shares during the period. American Century Companies Inc. raised its position in Philip Morris International by 35.6% in the first quarter. American Century Companies Inc. now owns 4,939 shares of the company’s stock worth $463,000 after purchasing an additional 1,296 shares in the last quarter. Loomis Sayles & Co. L P raised its position in Philip Morris International by 24.7% in the first quarter. Loomis Sayles & Co. L P now owns 3,065 shares of the company’s stock worth $288,000 after purchasing an additional 608 shares in the last quarter. Covestor Ltd raised its position in Philip Morris International by 54.9% in the first quarter. Covestor Ltd now owns 525 shares of the company’s stock worth $49,000 after purchasing an additional 186 shares in the last quarter. Finally, Mather Group LLC. raised its position in Philip Morris International by 14.7% in the first quarter. Mather Group LLC. now owns 8,987 shares of the company’s stock worth $844,000 after purchasing an additional 1,154 shares in the last quarter. Institutional investors own 79.70% of the company’s stock.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, insider Werner Barth sold 5,000 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $91.46, for a total transaction of $457,300.00. Following the completion of the sale, the insider now owns 102,918 shares in the company, valued at approximately $9,412,880.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Reginaldo Dobrowolski sold 2,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total value of $181,380.00. Following the completion of the transaction, the vice president now owns 9,726 shares of the company’s stock, valued at approximately $882,050.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Werner Barth sold 5,000 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $91.46, for a total transaction of $457,300.00. Following the completion of the transaction, the insider now directly owns 102,918 shares of the company’s stock, valued at approximately $9,412,880.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,250 shares of company stock worth $1,411,128. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Argus reissued a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. UBS Group lowered shares of Philip Morris International from a “buy” rating to a “sell” rating and dropped their price target for the stock from $105.00 to $86.50 in a research report on Tuesday, January 23rd. Societe Generale raised shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective for the company in a report on Tuesday, February 13th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Philip Morris International from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, November 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $105.40.

Read Our Latest Research Report on PM

Philip Morris International Price Performance

Shares of Philip Morris International stock opened at $93.63 on Thursday. The firm has a market cap of $145.36 billion, a P/E ratio of 18.65, a P/E/G ratio of 2.14 and a beta of 0.61. The firm has a 50 day simple moving average of $91.88 and a 200 day simple moving average of $92.56. Philip Morris International Inc. has a fifty-two week low of $87.23 and a fifty-two week high of $101.92.

Philip Morris International (NYSE:PMGet Free Report) last issued its quarterly earnings results on Thursday, February 8th. The company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.08). The company had revenue of $9.05 billion during the quarter, compared to analyst estimates of $8.99 billion. Philip Morris International had a net margin of 8.53% and a negative return on equity of 116.29%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.39 EPS. On average, sell-side analysts expect that Philip Morris International Inc. will post 6.39 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st will be given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 5.55%. The ex-dividend date is Wednesday, March 20th. Philip Morris International’s payout ratio is 103.59%.

Philip Morris International Profile

(Free Report)

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.

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

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