Insider Selling: 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 that occurred on Thursday, February 20th. The shares were sold at an average price of $151.28, for a total transaction of $378,200.00. Following the completion of the sale, the senior vice president now owns 30,308 shares of the company’s stock, 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 document filed with the SEC, which is available through this hyperlink.

Philip Morris International Stock Performance

Shares of NYSE:PM opened at $154.39 on Friday. The company has a market cap of $240.05 billion, a P/E ratio of 34.23, a PEG ratio of 2.65 and a beta of 0.55. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $154.64. The business’s 50-day simple moving average is $129.81 and its 200 day simple moving average is $126.45.

Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, February 6th. The company reported $1.55 EPS for the quarter, topping 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%. Analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were given a $1.35 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a yield of 3.50%. Philip Morris International’s payout ratio is currently 119.73%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. 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 note on Friday, February 7th. Barclays lowered their price target on 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. JPMorgan Chase & Co. raised their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. UBS Group boosted their target price on Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a report on Friday, February 7th. Finally, StockNews.com lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $141.22.

Institutional Trading of Philip Morris International

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

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.