Philip Morris International Inc. (NYSE:PM) Insider Wilde Frederic De Sells 20,000 Shares

Philip Morris International Inc. (NYSE:PM) insider Wilde Frederic De sold 20,000 shares of the stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $96.42, for a total value of $1,928,400.00. Following the transaction, the insider now directly 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 through the SEC website.

Philip Morris International Stock Performance

Shares of Philip Morris International stock opened at $94.97 on Friday. Philip Morris International Inc. has a one year low of $87.23 and a one year high of $100.79. The stock’s fifty day moving average is $91.90 and its 200 day moving average is $92.20. The stock has a market cap of $147.64 billion, a P/E ratio of 18.55, a P/E/G ratio of 2.03 and a beta of 0.61.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. Philip Morris International had a negative return on equity of 113.26% and a net margin of 9.83%. The business had revenue of $8.79 billion during the quarter, compared to analyst estimates of $8.44 billion. During the same quarter in the prior year, the business posted $1.38 EPS. Philip Morris International’s revenue for the quarter was up 8.6% compared to the same quarter last year. Analysts predict that Philip Morris International Inc. will post 6.3 EPS for the current year.

Philip Morris International Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. UBS Group cut Philip Morris International from a “buy” rating to a “sell” rating and lowered their price target for the company from $105.00 to $86.50 in a report on Tuesday, January 23rd. Argus reissued a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. 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 report on Tuesday, February 13th. Finally, Stifel Nicolaus increased their price target on Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $105.50.

Institutional Investors Weigh In On Philip Morris International

A number of institutional investors have recently bought and sold shares of PM. Kessler Investment Group LLC purchased a new position in shares of Philip Morris International during the first quarter valued at about $25,000. Headlands Technologies LLC purchased a new position in Philip Morris International in the third quarter worth about $27,000. Tennessee Valley Asset Management Partners purchased a new position in Philip Morris International in the fourth quarter worth about $33,000. Northwest Financial Advisors purchased a new position in Philip Morris International in the fourth quarter worth about $33,000. Finally, Ables Iannone Moore & Associates Inc. purchased a new position in Philip Morris International in the fourth quarter worth about $38,000. 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.