Philip Morris International Inc. (NYSE:PM) CEO Sells $5,954,800.00 in Stock

Philip Morris International Inc. (NYSE:PM) CEO Jacek Olczak sold 40,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $148.87, for a total transaction of $5,954,800.00. Following the transaction, the chief executive officer now owns 547,426 shares of the company’s stock, valued at $81,495,308.62. The trade was a 6.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Philip Morris International Stock Performance

NYSE:PM opened at $154.39 on Monday. The stock has a 50-day simple moving average of $129.81 and a two-hundred day simple moving average of $126.52. Philip Morris International Inc. has a 52-week low of $87.82 and a 52-week high of $154.64. The firm has a market capitalization of $240.05 billion, a PE ratio of 34.23, a P/E/G ratio of 2.65 and a beta of 0.55.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data 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 negative return on equity of 120.08% and a net margin of 7.89%. Equities analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Thursday, December 26th. This represents a $5.40 annualized dividend and a dividend yield of 3.50%. Philip Morris International’s payout ratio is 119.73%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Barclays dropped their price objective on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. 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. JPMorgan Chase & Co. boosted 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, February 18th. StockNews.com cut Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Finally, Stifel Nicolaus increased their target price on Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a report on Friday, February 7th. One investment 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. According to data from MarketBeat, Philip Morris International currently has a consensus rating of “Moderate Buy” and an average price target of $141.22.

Institutional Inflows and Outflows

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

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.