Philip Morris International Inc. (NYSE:PM) Insider Wilde Frederic De Sells 20,000 Shares

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

Philip Morris International Stock Down 1.2 %

PM stock opened at $94.97 on Friday. The business has a 50 day moving average price of $91.90 and a two-hundred day moving average price of $92.20. The company has a market cap of $147.64 billion, a price-to-earnings ratio of 18.55, a P/E/G ratio of 2.03 and a beta of 0.61. Philip Morris International Inc. has a twelve month low of $87.23 and a twelve month high of $100.79.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. The firm had revenue of $8.79 billion during the quarter, compared to the consensus estimate of $8.44 billion. Philip Morris International had a negative return on equity of 113.26% and a net margin of 9.83%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company earned $1.38 earnings per share. On average, equities research analysts anticipate that Philip Morris International Inc. will post 6.3 EPS for the current fiscal year.

Philip Morris International Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Kessler Investment Group LLC bought a new position in Philip Morris International in the first quarter valued at approximately $25,000. Headlands Technologies LLC bought a new position in shares of Philip Morris International during the 3rd quarter worth approximately $27,000. Tennessee Valley Asset Management Partners bought a new position in shares of Philip Morris International during the 4th quarter worth approximately $33,000. Northwest Financial Advisors bought a new position in shares of Philip Morris International during the 4th quarter worth approximately $33,000. Finally, Legacy Financial Group LLC bought a new position in shares of Philip Morris International during the 3rd quarter worth approximately $37,000. 78.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.