Insider Selling: Philip Morris International Inc. (NYSE:PM) Insider Sells 10,000 Shares of Stock

Philip Morris International Inc. (NYSE:PM) insider Werner Barth sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $148.67, for a total transaction of $1,486,700.00. Following the transaction, the insider now owns 106,244 shares of the company’s stock, valued at approximately $15,795,295.48. This represents a 8.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Philip Morris International Trading Up 1.5 %

NYSE PM traded up $2.29 during trading hours on Friday, hitting $153.86. The company’s stock had a trading volume of 3,374,066 shares, compared to its average volume of 5,616,010. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $154.32. The company has a market capitalization of $239.23 billion, a PE ratio of 34.12, a price-to-earnings-growth ratio of 2.62 and a beta of 0.55. The company’s 50-day simple moving average is $129.26 and its two-hundred day simple moving average is $126.08.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.55 EPS for the quarter, beating the consensus estimate 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%. Research analysts anticipate that Philip Morris International Inc. will post 7.13 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were paid a $1.35 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 annualized dividend and a yield of 3.51%. Philip Morris International’s dividend payout ratio (DPR) is 119.73%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on PM shares. JPMorgan Chase & Co. upped their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday. UBS Group upped their price target on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a report on Friday, February 7th. Morgan Stanley started coverage on Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective for the company. Barclays decreased their price objective on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Finally, StockNews.com downgraded Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.22.

Institutional Investors Weigh In On Philip Morris International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. NewSquare Capital LLC increased its stake in shares of Philip Morris International by 53.7% during the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock worth $25,000 after purchasing an additional 72 shares during the last quarter. Valley Wealth Managers Inc. increased its stake in shares of Philip Morris International by 457.5% during the 3rd quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock worth $27,000 after purchasing an additional 183 shares during the last quarter. Dunhill Financial LLC increased its stake in shares of Philip Morris International by 203.8% during the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock worth $29,000 after purchasing an additional 161 shares during the last quarter. McClarren Financial Advisors Inc. purchased a new stake in shares of Philip Morris International during the 4th quarter worth approximately $33,000. Finally, Knuff & Co LLC bought a new position in Philip Morris International in the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Company 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.