OLD Second National Bank of Aurora Sells 250 Shares of Philip Morris International Inc. (NYSE:PM)

OLD Second National Bank of Aurora trimmed its position in Philip Morris International Inc. (NYSE:PM) by 4.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,221 shares of the company’s stock after selling 250 shares during the quarter. OLD Second National Bank of Aurora’s holdings in Philip Morris International were worth $829,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Philip Morris International by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 139,432,392 shares of the company’s stock worth $16,780,688,000 after acquiring an additional 1,167,810 shares during the period. Capital World Investors raised its holdings in shares of Philip Morris International by 3.6% in the 4th quarter. Capital World Investors now owns 122,584,210 shares of the company’s stock valued at $14,752,926,000 after purchasing an additional 4,216,586 shares in the last quarter. GQG Partners LLC lifted its position in shares of Philip Morris International by 14.3% in the 4th quarter. GQG Partners LLC now owns 48,746,809 shares of the company’s stock worth $5,866,678,000 after purchasing an additional 6,092,558 shares during the period. Geode Capital Management LLC boosted its stake in shares of Philip Morris International by 9.9% during the fourth quarter. Geode Capital Management LLC now owns 35,286,582 shares of the company’s stock valued at $4,241,837,000 after purchasing an additional 3,185,258 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in Philip Morris International by 3.1% during the fourth quarter. Wellington Management Group LLP now owns 17,276,790 shares of the company’s stock valued at $2,079,262,000 after buying an additional 516,617 shares during the period. Institutional investors own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PM. Citigroup increased their target price on Philip Morris International from $163.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, April 16th. Argus raised Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. Needham & Company LLC assumed coverage on Philip Morris International in a research note on Thursday, May 22nd. They issued a “buy” rating on the stock. Morgan Stanley reissued an “overweight” rating and set a $182.00 price target (up from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Finally, UBS Group upgraded shares of Philip Morris International from a “sell” rating to a “neutral” rating and raised their price target for the company from $130.00 to $170.00 in a report on Friday, April 25th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Philip Morris International presently has a consensus rating of “Moderate Buy” and an average target price of $176.80.

Philip Morris International Stock Down 0.6%

Shares of NYSE PM opened at $182.44 on Friday. The firm has a market cap of $283.97 billion, a price-to-earnings ratio of 37.62, a price-to-earnings-growth ratio of 2.65 and a beta of 0.52. The company’s 50-day simple moving average is $173.25 and its 200-day simple moving average is $150.63. Philip Morris International Inc. has a 52-week low of $98.93 and a 52-week high of $186.69.

Philip Morris International (NYSE:PM) last announced its earnings results on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.08. The business had revenue of $9.30 billion during the quarter, compared to analysts’ expectations of $9.10 billion. Philip Morris International had a negative return on equity of 122.40% and a net margin of 8.43%. The business’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.50 earnings per share. Equities research analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be given a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $5.40 dividend on an annualized basis and a yield of 2.96%. Philip Morris International’s payout ratio is presently 111.34%.

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.