Philip Morris International (NYSE:PM) Stock Price Down 2.2% – What’s Next?

Philip Morris International Inc. (NYSE:PM)’s share price fell 2.2% during mid-day trading on Monday . The stock traded as low as $162.37 and last traded at $166.05. 2,724,005 shares were traded during trading, a decline of 51% from the average session volume of 5,561,219 shares. The stock had previously closed at $169.70.

Analysts Set New Price Targets

Several brokerages have issued reports on PM. JPMorgan Chase & Co. increased their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Argus upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, March 14th. Barclays increased their target price on shares of Philip Morris International from $175.00 to $205.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. UBS Group upgraded shares of Philip Morris International from a “sell” rating to a “neutral” rating and raised their price target for the company from $130.00 to $170.00 in a report on Friday, April 25th. Finally, StockNews.com upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Thursday, April 24th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, Philip Morris International currently has a consensus rating of “Moderate Buy” and a consensus price target of $166.33.

Philip Morris International Stock Performance

The business’s 50 day moving average is $158.92 and its 200 day moving average is $141.18. The company has a market capitalization of $256.23 billion, a price-to-earnings ratio of 36.50, a PEG ratio of 2.65 and a beta of 0.50.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.61 by $0.08. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The business had revenue of $9.30 billion during the quarter, compared to analysts’ expectations of $9.10 billion. During the same period in the previous year, the business posted $1.50 EPS. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. Sell-side analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th were paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend was Thursday, March 20th. Philip Morris International’s payout ratio is 111.34%.

Insider Buying and Selling at Philip Morris International

In related news, insider Werner Barth sold 10,000 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $148.67, for a total value of $1,486,700.00. Following the completion of the sale, the insider now owns 106,244 shares of the company’s stock, valued at approximately $15,795,295.48. The trade was a 8.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $378,200.00. Following the completion of the sale, the senior vice president now directly 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 131,822 shares of company stock worth $19,655,585. Company insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On Philip Morris International

Several institutional investors and hedge funds have recently added to or reduced their stakes in PM. Pandora Wealth Inc. acquired a new position in shares of Philip Morris International during the 1st quarter valued at about $42,000. Fiduciary Family Office LLC acquired a new position in Philip Morris International in the first quarter valued at about $3,601,000. True North Advisors LLC lifted its position in Philip Morris International by 22.2% in the first quarter. True North Advisors LLC now owns 2,754 shares of the company’s stock valued at $437,000 after buying an additional 501 shares during the last quarter. Benjamin Edwards Inc. lifted its position in Philip Morris International by 7.6% in the first quarter. Benjamin Edwards Inc. now owns 47,106 shares of the company’s stock valued at $7,477,000 after buying an additional 3,330 shares during the last quarter. Finally, Frank Rimerman Advisors LLC lifted its position in Philip Morris International by 0.9% in the first quarter. Frank Rimerman Advisors LLC now owns 31,008 shares of the company’s stock valued at $4,922,000 after buying an additional 267 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

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.