Park National Corp OH Has $929,000 Stake in Philip Morris International Inc. (NYSE:PM)

Park National Corp OH reduced its stake in Philip Morris International Inc. (NYSE:PM) by 22.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,716 shares of the company’s stock after selling 2,219 shares during the quarter. Park National Corp OH’s holdings in Philip Morris International were worth $929,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in PM. Lantz Financial LLC increased its stake in shares of Philip Morris International by 2.8% in the second quarter. Lantz Financial LLC now owns 5,651 shares of the company’s stock worth $573,000 after purchasing an additional 153 shares during the period. Strategic Financial Concepts LLC acquired a new position in shares of Philip Morris International during the second quarter worth approximately $25,000. Ashton Thomas Private Wealth LLC boosted its position in shares of Philip Morris International by 1.4% in the second quarter. Ashton Thomas Private Wealth LLC now owns 12,911 shares of the company’s stock valued at $1,308,000 after acquiring an additional 181 shares during the period. Sachetta LLC boosted its position in shares of Philip Morris International by 64.8% in the second quarter. Sachetta LLC now owns 267 shares of the company’s stock valued at $27,000 after acquiring an additional 105 shares during the period. Finally, Van Hulzen Asset Management LLC grew its stake in shares of Philip Morris International by 58.0% in the second quarter. Van Hulzen Asset Management LLC now owns 3,697 shares of the company’s stock worth $375,000 after acquiring an additional 1,357 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. UBS Group increased their price target on shares of Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lifted their target price on Philip Morris International from $118.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. JPMorgan Chase & Co. upped their price target on Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. The Goldman Sachs Group lifted their price objective on Philip Morris International from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Finally, Barclays reduced their target price on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research report on Wednesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $130.39.

Insider Activity

In other news, Chairman Andre Calantzopoulos sold 101,918 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $129.85, for a total transaction of $13,234,052.30. Following the sale, the chairman now directly owns 959,761 shares of the company’s stock, valued at $124,624,965.85. This represents a 9.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Werner Barth sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $129.98, for a total transaction of $974,850.00. Following the completion of the transaction, the insider now owns 95,418 shares of the company’s stock, valued at $12,402,431.64. This trade represents a 7.29 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

Philip Morris International Stock Up 0.4 %

Shares of Philip Morris International stock opened at $121.85 on Thursday. The stock has a market capitalization of $189.46 billion, a P/E ratio of 19.34, a price-to-earnings-growth ratio of 2.22 and a beta of 0.54. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $134.15. The company has a 50-day simple moving average of $126.82 and a 200 day simple moving average of $120.46.

Philip Morris International (NYSE:PM) last posted its earnings results on Tuesday, October 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.09. The company had revenue of $9.91 billion during the quarter, compared to analysts’ expectations of $9.68 billion. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. Philip Morris International’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.67 earnings per share. On average, equities analysts anticipate that Philip Morris International Inc. will post 6.51 earnings per share for the current year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Thursday, December 26th will be paid a $1.35 dividend. The ex-dividend date of this dividend is Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.43%. Philip Morris International’s dividend payout ratio (DPR) is presently 85.71%.

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.