NBT Bank N A NY Boosts Stock Position in Philip Morris International Inc. (NYSE:PM)

NBT Bank N A NY grew its stake in shares of Philip Morris International Inc. (NYSE:PM – Get Rating) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,915 shares of the company’s stock after acquiring an additional 325 shares during the period. NBT Bank N A NY’s holdings in Philip Morris International were worth $3,331,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Ameritas Advisory Services LLC lifted its position in shares of Philip Morris International by 0.9% during the third quarter. Ameritas Advisory Services LLC now owns 15,762 shares of the company’s stock worth $1,308,000 after acquiring an additional 133 shares in the last quarter. Advisor OS LLC purchased a new stake in shares of Philip Morris International in the fourth quarter worth $200,000. Prospera Financial Services Inc raised its position in shares of Philip Morris International by 8.3% in the fourth quarter. Prospera Financial Services Inc now owns 12,912 shares of the company’s stock worth $1,307,000 after buying an additional 987 shares in the last quarter. Van ECK Associates Corp raised its position in shares of Philip Morris International by 4.9% in the fourth quarter. Van ECK Associates Corp now owns 54,238 shares of the company’s stock worth $5,489,000 after buying an additional 2,545 shares in the last quarter. Finally, Profund Advisors LLC raised its position in shares of Philip Morris International by 10.1% in the fourth quarter. Profund Advisors LLC now owns 17,092 shares of the company’s stock worth $1,730,000 after buying an additional 1,568 shares in the last quarter. Hedge funds and other institutional investors own 75.85% of the company’s stock.

Insiders Place Their Bets

In other news, insider Werner Barth sold 8,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $98.35, for a total transaction of $786,800.00. Following the completion of the transaction, the insider now directly owns 87,321 shares in the company, valued at $8,588,020.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. UBS Group upgraded Philip Morris International from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $106.00 to $116.00 in a research report on Wednesday, March 1st. Stifel Nicolaus assumed coverage on Philip Morris International in a research report on Thursday, April 13th. They issued a “buy” rating and a $114.00 price objective on the stock. JPMorgan Chase & Co. upgraded Philip Morris International from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $109.00 to $116.00 in a research report on Thursday, March 30th. StockNews.com assumed coverage on Philip Morris International in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. Finally, Morgan Stanley increased their price objective on Philip Morris International from $109.00 to $118.00 and gave the stock an “overweight” rating in a research report on Thursday, February 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $110.60.

Philip Morris International Trading Up 0.4 %

Shares of NYSE:PM traded up $0.35 on Friday, reaching $91.11. 2,832,668 shares of the company traded hands, compared to its average volume of 4,392,912. Philip Morris International Inc. has a 52 week low of $82.85 and a 52 week high of $108.63. The business’s 50-day simple moving average is $96.20 and its 200 day simple moving average is $98.73. The stock has a market capitalization of $141.42 billion, a P/E ratio of 16.41, a price-to-earnings-growth ratio of 2.34 and a beta of 0.68.

Philip Morris International (NYSE:PM – Get Rating) last issued its quarterly earnings data on Thursday, April 20th. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.34 by $0.04. Philip Morris International had a net margin of 10.80% and a negative return on equity of 128.55%. The business had revenue of $8.10 billion during the quarter, compared to analyst estimates of $8.03 billion. During the same period last year, the business posted $1.56 earnings per share. Philip Morris International’s quarterly revenue was up 4.6% compared to the same quarter last year. Sell-side analysts expect that Philip Morris International Inc. will post 6.2 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 11th. Shareholders of record on Thursday, March 23rd were issued a $1.27 dividend. The ex-dividend date was Wednesday, March 22nd. This represents a $5.08 annualized dividend and a yield of 5.58%. Philip Morris International’s dividend payout ratio (DPR) is presently 90.88%.

Philip Morris International Profile

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Philip Morris International, Inc is a holding company engaged in the manufacturing and sale of cigarettes, tobacco, and nicotine-containing products. Its products include cigarettes and reduced-risk products, including heat-not-burn, vapor, and oral nicotine products. The firm operates through the following geographical segments: European Union, Eastern Europe, Middle East and Africa, South and Southeast Asia, East Asia and Australia, and Americas.