Philip Morris International Inc. $PM Shares Bought by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Philip Morris International Inc. (NYSE:PM) by 2.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 195,609 shares of the company’s stock after purchasing an additional 4,087 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Philip Morris International were worth $29,981,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of PM. Whittier Trust Co. boosted its stake in Philip Morris International by 2.6% during the 3rd quarter. Whittier Trust Co. now owns 372,198 shares of the company’s stock valued at $57,047,000 after purchasing an additional 9,471 shares in the last quarter. FSB Premier Wealth Management Inc. grew its holdings in Philip Morris International by 17.3% during the third quarter. FSB Premier Wealth Management Inc. now owns 28,474 shares of the company’s stock worth $4,618,000 after acquiring an additional 4,200 shares during the period. BLB&B Advisors LLC raised its position in Philip Morris International by 4.0% in the third quarter. BLB&B Advisors LLC now owns 2,715 shares of the company’s stock worth $440,000 after acquiring an additional 105 shares in the last quarter. GDS Wealth Management lifted its holdings in Philip Morris International by 58.3% in the 3rd quarter. GDS Wealth Management now owns 2,833 shares of the company’s stock valued at $460,000 after acquiring an additional 1,043 shares during the last quarter. Finally, JFG Wealth Management LLC boosted its position in shares of Philip Morris International by 6.7% during the 3rd quarter. JFG Wealth Management LLC now owns 2,129 shares of the company’s stock valued at $345,000 after purchasing an additional 133 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

PM has been the subject of several recent research reports. Wall Street Zen lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Stifel Nicolaus set a $180.00 price objective on Philip Morris International in a research report on Tuesday, October 21st. Barclays cut their target price on Philip Morris International from $220.00 to $180.00 and set an “overweight” rating on the stock in a research report on Monday, November 17th. Morgan Stanley set a $175.00 price target on Philip Morris International and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Philip Morris International from $190.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $184.56.

Philip Morris International Trading Up 1.8%

Shares of NYSE PM opened at $173.06 on Friday. Philip Morris International Inc. has a one year low of $125.53 and a one year high of $186.69. The business has a 50-day moving average price of $159.22 and a two-hundred day moving average price of $161.48. The firm has a market capitalization of $269.39 billion, a PE ratio of 31.35, a PEG ratio of 1.86 and a beta of 0.40.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Friday, December 26th were given a dividend of $1.47 per share. The ex-dividend date of this dividend was Friday, December 26th. This represents a $5.88 dividend on an annualized basis and a yield of 3.4%. Philip Morris International’s payout ratio is presently 106.52%.

Philip Morris International Profile

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.