Philip Morris International Inc. (NYSE:PM) Insider Sells $1,486,700.00 in Stock

Philip Morris International Inc. (NYSE:PM) insider Werner Barth sold 10,000 shares of Philip Morris International stock in a transaction dated 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 completion of the sale, the insider now owns 106,244 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available through this link.

Philip Morris International Stock Up 1.9 %

NYSE PM opened at $154.39 on Friday. The stock has a market capitalization of $240.05 billion, a PE ratio of 34.23, a price-to-earnings-growth ratio of 2.65 and a beta of 0.55. The company has a 50 day moving average price of $129.81 and a two-hundred day moving average price of $126.36. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $154.64.

Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (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%. As a group, equities analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is currently 119.73%.

Hedge Funds Weigh In On Philip Morris International

Institutional investors and hedge funds have recently bought and sold shares of the stock. Meridian Wealth Partners LLC boosted its stake in shares of Philip Morris International by 4.1% in the 4th quarter. Meridian Wealth Partners LLC now owns 1,781 shares of the company’s stock valued at $214,000 after purchasing an additional 70 shares in the last quarter. NewSquare Capital LLC boosted its stake in shares of Philip Morris International by 53.7% in the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock valued at $25,000 after purchasing an additional 72 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its stake in shares of Philip Morris International by 2.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,628 shares of the company’s stock valued at $437,000 after purchasing an additional 73 shares in the last quarter. Balboa Wealth Partners boosted its stake in shares of Philip Morris International by 2.0% in the 4th quarter. Balboa Wealth Partners now owns 3,712 shares of the company’s stock valued at $447,000 after purchasing an additional 74 shares in the last quarter. Finally, Cravens & Co Advisors LLC boosted its stake in shares of Philip Morris International by 0.7% in the 4th quarter. Cravens & Co Advisors LLC now owns 10,052 shares of the company’s stock valued at $1,210,000 after purchasing an additional 74 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on PM. StockNews.com downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. JPMorgan Chase & Co. raised their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Tuesday. Stifel Nicolaus lifted 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 note on Friday, February 7th. UBS Group raised their target price 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. Finally, Barclays decreased their target price on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $141.22.

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.