Insider Selling: Philip Morris International Inc. (NYSE:PM) VP Sells 2,000 Shares of Stock

Philip Morris International Inc. (NYSE:PM) VP Reginaldo Dobrowolski sold 2,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total value of $181,380.00. Following the transaction, the vice president now directly owns 9,726 shares of the company’s stock, valued at $882,050.94. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Philip Morris International Trading Up 1.9 %

Shares of NYSE PM traded up $1.74 during trading hours on Monday, reaching $94.42. The stock had a trading volume of 4,291,372 shares, compared to its average volume of 4,883,414. Philip Morris International Inc. has a fifty-two week low of $87.23 and a fifty-two week high of $101.92. The firm has a 50-day moving average of $91.98 and a 200-day moving average of $92.61. The firm has a market cap of $146.58 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 2.09 and a beta of 0.61.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Thursday, February 8th. The company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.08). Philip Morris International had a negative return on equity of 116.29% and a net margin of 8.53%. The company had revenue of $9.05 billion for the quarter, compared to analyst estimates of $8.99 billion. During the same period in the previous year, the business posted $1.39 earnings per share. The firm’s revenue was up 11.0% compared to the same quarter last year. On average, equities analysts predict that Philip Morris International Inc. will post 6.39 EPS for the current year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st will be given a dividend of $1.30 per share. The ex-dividend date is Wednesday, March 20th. This represents a $5.20 dividend on an annualized basis and a yield of 5.51%. Philip Morris International’s payout ratio is 103.59%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on PM shares. Redburn Atlantic started coverage on Philip Morris International in a research report on Thursday, November 16th. They set a “neutral” rating and a $95.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on Philip Morris International from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 29th. UBS Group cut Philip Morris International from a “buy” rating to a “sell” rating and lowered their price objective for the stock from $105.00 to $86.50 in a research report on Tuesday, January 23rd. Societe Generale raised Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective for the company in a research report on Tuesday, February 13th. Finally, Argus reissued a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. 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 MarketBeat, Philip Morris International has an average rating of “Hold” and a consensus price target of $105.40.

Institutional Trading of Philip Morris International

A number of hedge funds have recently added to or reduced their stakes in PM. Capital World Investors raised its stake in shares of Philip Morris International by 3.9% during the 2nd quarter. Capital World Investors now owns 116,185,273 shares of the company’s stock worth $11,342,014,000 after buying an additional 4,368,323 shares in the last quarter. Capital International Investors raised its stake in shares of Philip Morris International by 1.0% during the 2nd quarter. Capital International Investors now owns 106,291,477 shares of the company’s stock worth $10,376,231,000 after buying an additional 1,092,991 shares in the last quarter. BlackRock Inc. raised its stake in shares of Philip Morris International by 1.1% during the 2nd quarter. BlackRock Inc. now owns 95,439,062 shares of the company’s stock worth $9,316,761,000 after buying an additional 1,056,110 shares in the last quarter. State Street Corp raised its stake in shares of Philip Morris International by 3.1% during the 2nd quarter. State Street Corp now owns 58,592,611 shares of the company’s stock worth $5,793,812,000 after buying an additional 1,745,868 shares in the last quarter. Finally, Capital Research Global Investors raised its stake in shares of Philip Morris International by 9.1% during the 4th quarter. Capital Research Global Investors now owns 58,416,175 shares of the company’s stock worth $5,495,794,000 after buying an additional 4,869,272 shares in the last quarter. 79.70% 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.