UMB Bank n.a. Acquires 2,378 Shares of Philip Morris International Inc. (NYSE:PM)

UMB Bank n.a. increased its holdings in Philip Morris International Inc. (NYSE:PM) by 7.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,037 shares of the company’s stock after acquiring an additional 2,378 shares during the quarter. UMB Bank n.a.’s holdings in Philip Morris International were worth $4,132,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Cypress Wealth Services LLC grew its stake in shares of Philip Morris International by 1.3% in the third quarter. Cypress Wealth Services LLC now owns 6,748 shares of the company’s stock worth $819,000 after acquiring an additional 89 shares during the period. Morton Capital Management LLC CA bought a new stake in shares of Philip Morris International in the third quarter worth approximately $213,000. Wedmont Private Capital grew its stake in shares of Philip Morris International by 11.8% in the third quarter. Wedmont Private Capital now owns 14,938 shares of the company’s stock worth $1,776,000 after acquiring an additional 1,577 shares during the period. Royal Fund Management LLC grew its stake in shares of Philip Morris International by 86.5% in the third quarter. Royal Fund Management LLC now owns 16,732 shares of the company’s stock worth $2,036,000 after acquiring an additional 7,761 shares during the period. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of Philip Morris International in the third quarter worth approximately $165,000. 78.63% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Massimo Andolina sold 9,000 shares of Philip Morris International stock in a transaction on 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 approximately $9,877,305.15. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Massimo Andolina sold 9,000 shares of Philip Morris International stock in a transaction on 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 approximately $9,877,305.15. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $113.01, for a total transaction of $2,260,200.00. Following the completion of the sale, the insider now directly owns 158,447 shares in the company, valued at $17,906,095.47. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

Philip Morris International Stock Down 0.7 %

Shares of Philip Morris International stock opened at $119.39 on Friday. The firm has a market capitalization of $185.63 billion, a P/E ratio of 21.13, a PEG ratio of 2.35 and a beta of 0.55. The company has a 50 day moving average price of $120.75 and a 200 day moving average price of $107.09. Philip Morris International Inc. has a 52 week low of $87.23 and a 52 week high of $128.22.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported $1.59 EPS for the quarter, beating 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 firm had revenue of $9.47 billion during the quarter, compared to analyst estimates of $9.19 billion. During the same period last year, the firm posted $1.60 EPS. Philip Morris International’s revenue was up 5.6% on a year-over-year basis. As a group, research analysts anticipate that Philip Morris International Inc. will post 6.45 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Thursday, September 26th were given a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, September 26th. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.30. This represents a $5.40 dividend on an annualized basis and a yield of 4.52%. Philip Morris International’s dividend payout ratio (DPR) is currently 95.58%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. UBS Group lifted their price target on shares of Philip Morris International from $95.00 to $105.00 and gave the stock a “sell” rating in a research note on Monday, September 9th. The Goldman Sachs Group raised their price objective on shares of Philip Morris International from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Citigroup raised their price objective on shares of Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a report on Tuesday. Stifel Nicolaus raised their price objective on shares of Philip Morris International from $120.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Philip Morris International from $118.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.41.

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.