Insider Selling: Philip Morris International Inc. (NYSE:PM) VP Sells 5,000 Shares of Stock

Philip Morris International Inc. (NYSE:PM - Get Free Report) VP Reginaldo Dobrowolski sold 5,000 shares of the firm's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $149.88, for a total transaction of $749,400.00. Following the completion of the transaction, the vice president now directly owns 20,799 shares in the company, valued at approximately $3,117,354.12. This represents a 19.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Philip Morris International Stock Performance

Shares of Philip Morris International stock traded up $1.42 during trading on Monday, reaching $150.60. The company had a trading volume of 4,777,665 shares, compared to its average volume of 5,552,923. The company has a market cap of $234.16 billion, a price-to-earnings ratio of 33.39, a price-to-earnings-growth ratio of 2.55 and a beta of 0.55. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $151.22. The firm's fifty day moving average is $127.47 and its 200-day moving average is $125.28.

Philip Morris International (NYSE:PM - Get Free Report) last released 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 negative return on equity of 120.08% and a net margin of 9.24%. On average, research analysts anticipate that Philip Morris International Inc. will post 7.11 EPS for the current fiscal year.

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Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International's dividend payout ratio is presently 119.73%.

Institutional Investors Weigh In On Philip Morris International

Several institutional investors and hedge funds have recently bought and sold shares of the business. NewSquare Capital LLC raised its position in shares of Philip Morris International by 53.7% during the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company's stock worth $25,000 after purchasing an additional 72 shares during the period. Valley Wealth Managers Inc. grew its stake in Philip Morris International by 457.5% during the 3rd quarter. Valley Wealth Managers Inc. now owns 223 shares of the company's stock worth $27,000 after buying an additional 183 shares during the last quarter. Dunhill Financial LLC increased its position in Philip Morris International by 203.8% in the third quarter. Dunhill Financial LLC now owns 240 shares of the company's stock worth $29,000 after buying an additional 161 shares during the period. McClarren Financial Advisors Inc. bought a new stake in Philip Morris International in the fourth quarter valued at $33,000. Finally, Knuff & Co LLC bought a new stake in Philip Morris International in the fourth quarter valued at $36,000. Institutional investors and hedge funds own 78.63% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on PM. JPMorgan Chase & Co. increased their target price on Philip Morris International from $125.00 to $145.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. Stifel Nicolaus increased 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 report on Friday, February 7th. UBS Group lifted their price objective on shares of Philip Morris International from $105.00 to $120.00 and gave the company a "sell" rating in a research note on Friday, February 7th. StockNews.com downgraded shares of Philip Morris International from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Finally, Barclays decreased their price objective on shares of 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Philip Morris International presently has an average rating of "Moderate Buy" and an average price target of $139.56.

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.