FineMark National Bank & Trust Has $6.43 Million Stock Holdings in Philip Morris International Inc. (NYSE:PM)

FineMark National Bank & Trust trimmed its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,435 shares of the company’s stock after selling 778 shares during the quarter. FineMark National Bank & Trust’s holdings in Philip Morris International were worth $6,431,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NewSquare Capital LLC increased its holdings in Philip Morris International by 53.7% in the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock valued at $25,000 after purchasing an additional 72 shares during the period. Dunhill Financial LLC grew its position in shares of Philip Morris International by 203.8% in the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock valued at $29,000 after buying an additional 161 shares during the last quarter. McClarren Financial Advisors Inc. acquired a new stake in shares of Philip Morris International in the fourth quarter valued at about $33,000. Knuff & Co LLC bought a new position in shares of Philip Morris International during the fourth quarter worth about $36,000. Finally, Sierra Ocean LLC acquired a new position in shares of Philip Morris International in the fourth quarter worth approximately $37,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Stock Performance

Shares of NYSE:PM opened at $151.66 on Tuesday. Philip Morris International Inc. has a 52-week low of $87.82 and a 52-week high of $159.51. The business’s 50 day simple moving average is $143.06 and its two-hundred day simple moving average is $131.40. The firm has a market cap of $235.81 billion, a P/E ratio of 33.63, a PEG ratio of 2.65 and a beta of 0.53.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.06. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. On average, equities analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 20th will be given a $1.35 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $5.40 annualized dividend and a yield of 3.56%. Philip Morris International’s payout ratio is 119.73%.

Wall Street Analysts Forecast Growth

PM has been the subject of a number of recent analyst reports. Barclays increased their target price on shares of Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. lifted their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. UBS Group boosted their target price on shares of Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a report on Friday, February 7th. Morgan Stanley began coverage on Philip Morris International in a research report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective for the company. Finally, StockNews.com lowered Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $144.56.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, CEO Jacek Olczak sold 40,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $148.87, for a total value of $5,954,800.00. Following the completion of the sale, the chief executive officer now directly owns 547,426 shares of the company’s stock, valued at approximately $81,495,308.62. This represents a 6.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Lars Dahlgren sold 3,679 shares of Philip Morris International stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $152.96, for a total transaction of $562,739.84. Following the transaction, the insider now directly owns 26,828 shares in the company, valued at approximately $4,103,610.88. This represents a 12.06 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 131,822 shares of company stock worth $19,655,585. Insiders own 0.13% of the company’s stock.

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.