Wilde Frederic De Sells 20,000 Shares of Philip Morris International Inc. (NYSE:PM) 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 completion of the transaction, the insider now owns 178,447 shares in the company, valued at $17,205,859.74. The transaction was disclosed in a filing with the SEC, which is available at this link.

Philip Morris International Trading Down 1.2 %

NYSE:PM traded down $1.12 during mid-day trading on Friday, hitting $94.97. The company had a trading volume of 5,390,948 shares, compared to its average volume of 5,771,704. Philip Morris International Inc. has a 1 year low of $87.23 and a 1 year high of $100.79. The business has a fifty day simple moving average of $91.79 and a 200-day simple moving average of $92.18. The firm has a market capitalization of $147.64 billion, a price-to-earnings ratio of 18.56, a PEG ratio of 2.09 and a beta of 0.61.

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

Philip Morris International Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Philip Morris International

Institutional investors have recently made changes to their positions in the business. YHB Investment Advisors Inc. bought a new stake in shares of Philip Morris International in the 1st quarter worth about $187,000. First National Trust Co raised its stake in Philip Morris International by 3.1% during the first quarter. First National Trust Co now owns 45,534 shares of the company’s stock valued at $4,172,000 after buying an additional 1,360 shares in the last quarter. McKinley Carter Wealth Services Inc. lifted its holdings in Philip Morris International by 4.7% during the 1st quarter. McKinley Carter Wealth Services Inc. now owns 2,460 shares of the company’s stock worth $225,000 after buying an additional 111 shares during the last quarter. Clear Creek Financial Management LLC acquired a new position in Philip Morris International in the first quarter worth $893,000. Finally, Mesirow Financial Investment Management Inc. bought a new stake in Philip Morris International during the first quarter valued at $4,781,000. 78.63% of the stock is owned by institutional investors and hedge funds.

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.