Philip Morris International Inc. (NYSE:PM) Insider Sells $1,928,400.00 in Stock

Philip Morris International Inc. (NYSE:PM) insider Wilde Frederic De sold 20,000 shares of the company’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the transaction, the insider now directly owns 178,447 shares of the company’s stock, valued at approximately $17,205,859.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Philip Morris International Stock Down 1.2 %

Shares of Philip Morris International stock traded down $1.12 during trading on Friday, reaching $94.97. The company’s stock had a trading volume of 5,390,948 shares, compared to its average volume of 5,771,704. Philip Morris International Inc. has a 52 week low of $87.23 and a 52 week high of $100.79. The firm has a market cap of $147.64 billion, a PE ratio of 18.56, a P/E/G ratio of 2.09 and a beta of 0.61. The business’s 50-day moving average price is $91.79 and its 200-day moving average price is $92.18.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. Philip Morris International had a net margin of 9.83% and a negative return on equity of 113.26%. The firm had revenue of $8.79 billion during the quarter, compared to the consensus estimate of $8.44 billion. During the same quarter in the previous year, the firm posted $1.38 EPS. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. Equities analysts predict that Philip Morris International Inc. will post 6.29 earnings per share for the current year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st were issued a $1.30 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $5.20 annualized dividend and a yield of 5.48%. Philip Morris International’s dividend payout ratio is presently 101.56%.

Institutional Trading of Philip Morris International

A number of institutional investors have recently modified their holdings of the stock. Ferguson Wellman Capital Management Inc. grew its stake in Philip Morris International by 2.3% during the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 603,442 shares of the company’s stock worth $56,772,000 after buying an additional 13,416 shares in the last quarter. Amica Mutual Insurance Co. boosted its position in shares of Philip Morris International by 5.5% during the 3rd quarter. Amica Mutual Insurance Co. now owns 147,492 shares of the company’s stock worth $13,655,000 after acquiring an additional 7,726 shares in the last quarter. NewEdge Wealth LLC increased its stake in Philip Morris International by 69.9% in the fourth quarter. NewEdge Wealth LLC now owns 50,865 shares of the company’s stock valued at $4,785,000 after acquiring an additional 20,918 shares during the last quarter. Chiron Investment Management LLC increased its stake in Philip Morris International by 2.0% in the third quarter. Chiron Investment Management LLC now owns 354,558 shares of the company’s stock valued at $32,825,000 after acquiring an additional 6,981 shares during the last quarter. Finally, Country Club Bank GFN raised its position in Philip Morris International by 21.3% during the fourth quarter. Country Club Bank GFN now owns 77,246 shares of the company’s stock valued at $7,267,000 after purchasing an additional 13,546 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on PM shares. UBS Group lowered shares of Philip Morris International from a “buy” rating to a “sell” rating and lowered their price target for the company from $105.00 to $86.50 in a report on Tuesday, January 23rd. Argus reissued a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. Societe Generale upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price target for the company in a research note on Tuesday, February 13th. Finally, Stifel Nicolaus lifted their price objective on Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, Philip Morris International currently has an average rating of “Hold” and a consensus price target of $105.50.

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.