Philip Morris International Inc. (NYSE:PM) SVP Sells $378,200.00 in Stock

Philip Morris International Inc. (NYSE:PM) SVP Yann Guerin sold 2,500 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $151.28, for a total value of $378,200.00. Following the sale, the senior vice president now owns 30,308 shares in the company, valued at approximately $4,584,994.24. The trade was a 7.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Philip Morris International Trading Up 1.5 %

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 fifty-two week low of $87.82 and a fifty-two week high of $154.32. The firm has a market capitalization of $239.23 billion, a PE ratio of 34.12, a PEG ratio of 2.62 and a beta of 0.55. The company has a 50-day simple moving average of $129.26 and a 200 day simple moving average of $126.08.

Philip Morris International (NYSE:PM) last posted its earnings results 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 negative return on equity of 120.08% and a net margin of 7.89%. Research analysts expect that Philip Morris International Inc. will post 7.13 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on PM. JPMorgan Chase & Co. upped their price target on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Tuesday. Morgan Stanley assumed coverage on Philip Morris International in a research note on Thursday, January 16th. They issued an “overweight” rating and a $140.00 target price for the company. StockNews.com downgraded Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Barclays reduced their target price on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Finally, Stifel Nicolaus raised their price target on Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.22.

Hedge Funds Weigh In On Philip Morris International

Several hedge funds have recently modified their holdings of PM. FMR LLC increased its position in shares of Philip Morris International by 40.9% during the 3rd quarter. FMR LLC now owns 23,168,446 shares of the company’s stock valued at $2,812,649,000 after purchasing an additional 6,721,094 shares during the period. GQG Partners LLC boosted its stake in shares of Philip Morris International by 14.3% during the 4th quarter. GQG Partners LLC now owns 48,746,809 shares of the company’s stock worth $5,866,678,000 after acquiring an additional 6,092,558 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Philip Morris International during the 4th quarter worth $522,214,000. Kovitz Investment Group Partners LLC boosted its stake in shares of Philip Morris International by 372.2% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 5,453,285 shares of the company’s stock worth $656,303,000 after acquiring an additional 4,298,530 shares in the last quarter. Finally, Capital World Investors boosted its stake in shares of Philip Morris International by 3.6% during the 4th quarter. Capital World Investors now owns 122,584,210 shares of the company’s stock worth $14,752,926,000 after acquiring an additional 4,216,586 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

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.