Fulton Bank N.A. Has $4.29 Million Stake in Philip Morris International Inc. (PM)

Fulton Bank N.A. grew its position in Philip Morris International Inc. (NYSE:PM) by 10.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,531 shares of the company’s stock after acquiring an additional 4,454 shares during the period. Fulton Bank N.A.’s holdings in Philip Morris International were worth $4,290,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of PM. Bank of New York Mellon Corp boosted its holdings in shares of Philip Morris International by 266,796.4% in the third quarter. Bank of New York Mellon Corp now owns 16,985,289 shares of the company’s stock valued at $1,384,981,000 after acquiring an additional 16,978,925 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of Philip Morris International by 6,541.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 11,319,091 shares of the company’s stock valued at $170,000 after acquiring an additional 11,148,661 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Philip Morris International by 5.1% in the fourth quarter. BlackRock Inc. now owns 95,049,723 shares of the company’s stock valued at $6,345,520,000 after acquiring an additional 4,576,645 shares in the last quarter. Deutsche Bank AG boosted its holdings in shares of Philip Morris International by 50.5% in the fourth quarter. Deutsche Bank AG now owns 11,054,233 shares of the company’s stock valued at $737,970,000 after acquiring an additional 3,710,763 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its holdings in shares of Philip Morris International by 168.1% in the fourth quarter. Two Sigma Advisers LP now owns 3,936,832 shares of the company’s stock valued at $262,823,000 after acquiring an additional 2,468,400 shares in the last quarter. 73.53% of the stock is currently owned by institutional investors and hedge funds.

Shares of PM opened at $86.21 on Wednesday. The stock has a market cap of $134.09 billion, a price-to-earnings ratio of 16.90, a price-to-earnings-growth ratio of 1.93 and a beta of 0.95. Philip Morris International Inc. has a 12-month low of $64.67 and a 12-month high of $103.55.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, February 7th. The company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.09. The company had revenue of $7.50 billion during the quarter, compared to analysts’ expectations of $7.46 billion. Philip Morris International had a net margin of 9.90% and a negative return on equity of 76.82%. The firm’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.32 earnings per share. Equities analysts expect that Philip Morris International Inc. will post 5.26 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Tuesday, March 26th were given a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a yield of 5.29%. The ex-dividend date of this dividend was Monday, March 25th. Philip Morris International’s payout ratio is currently 89.41%.

Several analysts recently commented on PM shares. Credit Suisse Group cut shares of Philip Morris International from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $92.00 to $74.00 in a research note on Tuesday, December 18th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $110.00 price objective (down previously from $111.25) on shares of Philip Morris International in a research note on Friday, December 28th. ValuEngine upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. UBS Group upgraded shares of Philip Morris International from a “neutral” rating to a “buy” rating and raised their price objective for the company from $86.00 to $101.00 in a research note on Wednesday, February 27th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $80.00 price objective on shares of Philip Morris International in a research note on Sunday, February 10th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $92.43.

In other news, CEO Andre Calantzopoulos sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $84.76, for a total value of $4,238,000.00. Following the completion of the transaction, the chief executive officer now owns 844,901 shares of the company’s stock, valued at $71,613,808.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.21% of the company’s stock.

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Philip Morris International Company Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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