First American Trust FSB Buys 1,284 Shares of Philip Morris International Inc. $PM

First American Trust FSB grew its position in shares of Philip Morris International Inc. (NYSE:PM) by 2.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 57,666 shares of the company’s stock after acquiring an additional 1,284 shares during the quarter. Philip Morris International accounts for 0.8% of First American Trust FSB’s holdings, making the stock its 29th biggest position. First American Trust FSB’s holdings in Philip Morris International were worth $10,503,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of PM. PFS Partners LLC raised its position in Philip Morris International by 24.8% during the second quarter. PFS Partners LLC now owns 292 shares of the company’s stock worth $53,000 after acquiring an additional 58 shares in the last quarter. Uncommon Cents Investing LLC lifted its stake in shares of Philip Morris International by 1.1% during the 2nd quarter. Uncommon Cents Investing LLC now owns 5,666 shares of the company’s stock worth $1,032,000 after buying an additional 61 shares during the last quarter. NFP Retirement Inc. boosted its holdings in shares of Philip Morris International by 2.5% during the 1st quarter. NFP Retirement Inc. now owns 2,589 shares of the company’s stock worth $411,000 after buying an additional 62 shares during the period. Cranbrook Wealth Management LLC grew its stake in Philip Morris International by 6.5% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,014 shares of the company’s stock valued at $185,000 after buying an additional 62 shares during the last quarter. Finally, Renasant Bank raised its holdings in Philip Morris International by 3.3% in the 1st quarter. Renasant Bank now owns 1,994 shares of the company’s stock valued at $317,000 after acquiring an additional 63 shares during the period. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Performance

PM opened at $152.78 on Tuesday. Philip Morris International Inc. has a 52-week low of $116.12 and a 52-week high of $186.69. The firm has a market cap of $237.82 billion, a P/E ratio of 27.68, a price-to-earnings-growth ratio of 2.25 and a beta of 0.43. The business’s fifty day moving average is $157.26 and its 200-day moving average is $167.74.

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

Philip Morris International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 20th. Investors of record on Friday, October 3rd were paid a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 3.8%. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.35. The ex-dividend date of this dividend was Friday, October 3rd. Philip Morris International’s payout ratio is 106.52%.

Analyst Upgrades and Downgrades

PM has been the topic of several research reports. Barclays decreased their target price on Philip Morris International from $220.00 to $180.00 and set an “overweight” rating on the stock in a research report on Monday. Wall Street Zen upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research report on Monday. UBS Group dropped their target price on Philip Morris International from $177.00 to $166.00 and set a “neutral” rating for the company in a report on Friday, September 5th. Needham & Company LLC reissued a “buy” rating and issued a $195.00 target price on shares of Philip Morris International in a research report on Wednesday, July 23rd. Finally, Stifel Nicolaus set a $180.00 price target on shares of Philip Morris International in a research report on Tuesday, October 21st. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $189.56.

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.