Philip Morris International Inc. (NYSE:PM) Shares Sold by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. decreased its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,548 shares of the company’s stock after selling 379 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Philip Morris International were worth $5,602,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. grew its position in Philip Morris International by 24.5% in the 2nd quarter. American Century Companies Inc. now owns 8,701 shares of the company’s stock worth $882,000 after purchasing an additional 1,715 shares during the last quarter. AQR Capital Management LLC grew its position in Philip Morris International by 29.4% in the 2nd quarter. AQR Capital Management LLC now owns 322,043 shares of the company’s stock worth $32,571,000 after purchasing an additional 73,234 shares during the last quarter. Kathmere Capital Management LLC grew its position in Philip Morris International by 79.9% in the 2nd quarter. Kathmere Capital Management LLC now owns 8,695 shares of the company’s stock worth $881,000 after purchasing an additional 3,862 shares during the last quarter. Ascent Group LLC grew its position in Philip Morris International by 3.2% in the 2nd quarter. Ascent Group LLC now owns 46,706 shares of the company’s stock worth $4,733,000 after purchasing an additional 1,463 shares during the last quarter. Finally, Forefront Analytics LLC bought a new position in Philip Morris International in the 2nd quarter worth about $278,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Stock Performance

Shares of NYSE:PM opened at $127.28 on Friday. The company has a market cap of $197.89 billion, a PE ratio of 20.20, a price-to-earnings-growth ratio of 2.01 and a beta of 0.54. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $134.15. The firm has a 50 day simple moving average of $125.30 and a 200 day simple moving average of $121.97.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were given a $1.35 dividend. The ex-dividend date was Thursday, December 26th. This represents a $5.40 annualized dividend and a dividend yield of 4.24%. Philip Morris International’s dividend payout ratio (DPR) is presently 85.71%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Barclays decreased their target price on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Morgan Stanley assumed coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 target price for the company. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Philip Morris International from $118.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. increased their price objective on shares of Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, UBS Group increased their price objective on shares of Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $131.35.

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.