Parkside Financial Bank & Trust Purchases 1,819 Shares of Philip Morris International Inc. (NYSE:PM)

Parkside Financial Bank & Trust lifted its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 17.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,305 shares of the company's stock after purchasing an additional 1,819 shares during the quarter. Parkside Financial Bank & Trust's holdings in Philip Morris International were worth $1,481,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in PM. White Lighthouse Investment Management Inc. lifted its stake in shares of Philip Morris International by 71.4% in the 3rd quarter. White Lighthouse Investment Management Inc. now owns 11,999 shares of the company's stock valued at $1,457,000 after purchasing an additional 4,999 shares during the last quarter. Range Financial Group LLC boosted its stake in Philip Morris International by 504.9% during the 4th quarter. Range Financial Group LLC now owns 22,915 shares of the company's stock valued at $2,758,000 after purchasing an additional 19,127 shares during the period. Accredited Investors Inc. increased its position in Philip Morris International by 3,553.3% in the 3rd quarter. Accredited Investors Inc. now owns 206,959 shares of the company's stock worth $25,125,000 after buying an additional 201,294 shares during the period. Park Avenue Securities LLC raised its stake in Philip Morris International by 18.9% during the 4th quarter. Park Avenue Securities LLC now owns 100,826 shares of the company's stock valued at $12,134,000 after purchasing an additional 16,035 shares during the last quarter. Finally, CWA Asset Management Group LLC lifted its stake in shares of Philip Morris International by 37.5% in the fourth quarter. CWA Asset Management Group LLC now owns 24,200 shares of the company's stock valued at $2,912,000 after buying an additional 6,605 shares during the period. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Stock Down 3.0 %

Shares of PM stock traded down $4.81 during mid-day trading on Tuesday, reaching $153.98. 4,175,910 shares of the stock traded hands, compared to its average volume of 5,161,106. The stock's fifty day simple moving average is $133.60 and its two-hundred day simple moving average is $128.18. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $160.00. The company has a market cap of $239.42 billion, a price-to-earnings ratio of 34.17, a price-to-earnings-growth ratio of 2.65 and a beta of 0.55.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.55 EPS for the quarter, beating analysts' consensus estimates of $1.49 by $0.06. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. On average, 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 business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were paid a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 annualized dividend and a dividend yield of 3.51%. Philip Morris International's payout ratio is currently 119.73%.

Analyst Upgrades and Downgrades

PM has been the subject of a number of recent research reports. Barclays increased their target price on Philip Morris International from $145.00 to $175.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. increased their target price on Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. UBS Group boosted their target price on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a "sell" rating in a research note on Friday, February 7th. Stifel Nicolaus boosted their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Finally, Morgan Stanley began coverage on Philip Morris International in a research note on Thursday, January 16th. They issued an "overweight" rating and a $140.00 target price for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $144.56.

Insider Activity at Philip Morris International

In other Philip Morris International news, CEO Jacek Olczak sold 40,000 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $148.87, for a total value of $5,954,800.00. Following the transaction, the chief executive officer now owns 547,426 shares in the company, valued at approximately $81,495,308.62. The trade was a 6.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Yann Guerin sold 2,500 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $151.28, for a total value of $378,200.00. Following the transaction, the senior vice president now owns 30,308 shares in the company, valued at approximately $4,584,994.24. This represents a 7.62 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 128,143 shares of company stock worth $19,092,846. Company insiders own 0.13% of the company's stock.

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.