Kentucky Trust Co Buys New Stake in Philip Morris International Inc. (NYSE:PM)

Kentucky Trust Co bought a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,831 shares of the company's stock, valued at approximately $461,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fiduciary Alliance LLC acquired a new position in Philip Morris International in the third quarter valued at $229,000. CX Institutional boosted its position in shares of Philip Morris International by 6.7% in the 3rd quarter. CX Institutional now owns 7,562 shares of the company's stock valued at $918,000 after purchasing an additional 475 shares during the period. Creative Planning grew its stake in Philip Morris International by 5.6% during the 3rd quarter. Creative Planning now owns 365,549 shares of the company's stock worth $44,378,000 after buying an additional 19,490 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC increased its position in Philip Morris International by 1.1% during the third quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 8,180 shares of the company's stock worth $993,000 after buying an additional 90 shares during the period. Finally, Occidental Asset Management LLC lifted its stake in Philip Morris International by 13.0% in the third quarter. Occidental Asset Management LLC now owns 2,585 shares of the company's stock valued at $314,000 after buying an additional 297 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Barclays cut their target price on shares of Philip Morris International from $155.00 to $145.00 and set an "overweight" rating on the stock in a report on Wednesday, January 8th. Stifel Nicolaus upped their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the company a "buy" rating in a report on Friday, February 7th. Morgan Stanley initiated coverage on Philip Morris International in a report on Thursday, January 16th. They set an "overweight" rating and a $140.00 price target on the stock. StockNews.com downgraded Philip Morris International from a "buy" rating to a "hold" rating in a research note on Monday. Finally, UBS Group increased their price objective on Philip Morris International from $105.00 to $120.00 and gave the stock a "sell" rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $134.35.

Philip Morris International Trading Up 1.3 %

Shares of NYSE:PM traded up $1.96 during trading on Wednesday, hitting $149.94. 5,268,277 shares of the stock were exchanged, compared to its average volume of 5,523,627. The company has a market cap of $233.13 billion, a PE ratio of 33.25, a P/E/G ratio of 2.55 and a beta of 0.55. The company has a fifty day moving average price of $126.34 and a two-hundred day moving average price of $124.54. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $150.24.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.06. Philip Morris International had a negative return on equity of 120.08% and a net margin of 9.24%. Equities research analysts anticipate that Philip Morris International Inc. will post 7.11 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.60%. The ex-dividend date was Thursday, December 26th. Philip Morris International's payout ratio is 119.73%.

About Philip Morris International

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.