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 the business’s stock in a transaction dated Thursday, February 20th. The stock was 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 directly owns 106,244 shares of the company’s stock, valued at $15,795,295.48. The trade was a 8.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Philip Morris International Stock Up 1.9 %

Philip Morris International stock opened at $154.39 on Friday. The firm has a 50-day moving average price of $129.81 and a two-hundred day moving average price of $126.45. The firm has a market capitalization of $240.05 billion, a price-to-earnings ratio of 34.23, a PEG ratio of 2.65 and a beta of 0.55. Philip Morris International Inc. has a 52-week low of $87.82 and a 52-week 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%. Research analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were paid 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 of this dividend was Thursday, December 26th. Philip Morris International’s payout ratio is 119.73%.

Institutional Trading of Philip Morris International

A number of institutional investors have recently made changes to their positions in PM. Allspring Global Investments Holdings LLC lifted its stake in shares of Philip Morris International by 47.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 226,577 shares of the company’s stock worth $27,506,000 after acquiring an additional 72,757 shares during the period. Eastern Bank acquired a new stake in Philip Morris International during the third quarter valued at approximately $373,000. Private Advisor Group LLC lifted its stake in Philip Morris International by 6.9% during the third quarter. Private Advisor Group LLC now owns 83,214 shares of the company’s stock valued at $10,102,000 after purchasing an additional 5,360 shares during the last quarter. McAdam LLC acquired a new stake in Philip Morris International during the third quarter valued at approximately $246,000. Finally, Axecap Investments LLC acquired a new stake in Philip Morris International during the third quarter valued at approximately $334,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on PM. Morgan Stanley initiated coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 target price for the company. UBS Group boosted their price objective on shares of Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a research report on Friday, February 7th. Barclays lowered their price objective on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Stifel Nicolaus boosted their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Philip Morris International has a consensus rating of “Moderate Buy” and an average target price of $141.22.

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.