Whittier Trust Co. of Nevada Inc. Grows Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Whittier Trust Co. of Nevada Inc. grew its stake in Philip Morris International Inc. (NYSE:PM) by 26.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 179,334 shares of the company’s stock after purchasing an additional 37,170 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Philip Morris International were worth $21,771,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of PM. RFG Advisory LLC boosted its holdings in Philip Morris International by 3.1% during the first quarter. RFG Advisory LLC now owns 14,080 shares of the company’s stock worth $1,290,000 after buying an additional 421 shares in the last quarter. Gulf International Bank UK Ltd increased its position in shares of Philip Morris International by 5.1% in the first quarter. Gulf International Bank UK Ltd now owns 10,001 shares of the company’s stock valued at $916,000 after buying an additional 489 shares in the last quarter. &PARTNERS raised its stake in shares of Philip Morris International by 86.4% during the 1st quarter. &PARTNERS now owns 5,792 shares of the company’s stock worth $515,000 after buying an additional 2,684 shares during the last quarter. Ballentine Partners LLC grew its position in shares of Philip Morris International by 49.8% in the first quarter. Ballentine Partners LLC now owns 12,427 shares of the company’s stock valued at $1,139,000 after purchasing an additional 4,133 shares during the last quarter. Finally, Southland Equity Partners LLC acquired a new stake in Philip Morris International during the 1st quarter valued at $272,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Philip Morris International

In related news, insider Massimo Andolina sold 9,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $115.35, for a total value of $1,038,150.00. Following the sale, the insider now owns 85,629 shares of the company’s stock, valued at $9,877,305.15. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Wilde Frederic De sold 20,000 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $113.01, for a total value of $2,260,200.00. Following the sale, the insider now owns 158,447 shares of the company’s stock, valued at $17,906,095.47. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Massimo Andolina sold 9,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $115.35, for a total transaction of $1,038,150.00. Following the completion of the sale, the insider now directly owns 85,629 shares in the company, valued at approximately $9,877,305.15. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group lifted their price target on shares of Philip Morris International from $126.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Barclays raised their target price on shares of Philip Morris International from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. Stifel Nicolaus increased their target price on Philip Morris International from $120.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Citigroup lifted their price objective on shares of Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Finally, StockNews.com raised Philip Morris International from a “hold” rating to a “buy” rating in a report on Monday, July 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Philip Morris International has an average rating of “Moderate Buy” and a consensus target price of $123.95.

Philip Morris International Stock Down 0.9 %

Shares of NYSE:PM traded down $1.05 during trading on Monday, reaching $119.16. 2,225,420 shares of the company traded hands, compared to its average volume of 5,305,925. Philip Morris International Inc. has a 1-year low of $87.23 and a 1-year high of $128.22. The firm has a fifty day simple moving average of $121.35 and a 200 day simple moving average of $108.62. The firm has a market cap of $185.24 billion, a P/E ratio of 23.48, a price-to-earnings-growth ratio of 2.35 and a beta of 0.55.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Tuesday, July 23rd. The company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.02. Philip Morris International had a net margin of 9.41% and a negative return on equity of 113.32%. The company had revenue of $9.47 billion for the quarter, compared to the consensus estimate of $9.19 billion. During the same quarter in the previous year, the firm posted $1.60 EPS. The business’s revenue was up 5.6% compared to the same quarter last year. As a group, research analysts anticipate that Philip Morris International Inc. will post 6.45 EPS for the current year.

Philip Morris International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Thursday, September 26th were issued a dividend of $1.35 per share. This is an increase from Philip Morris International’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $5.40 annualized dividend and a dividend yield of 4.53%. Philip Morris International’s payout ratio is presently 105.47%.

Philip Morris International 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.