Philip Morris International Inc. (NYSE:PM) VP Reginaldo Dobrowolski Sells 5,000 Shares

Philip Morris International Inc. (NYSE:PM) VP Reginaldo Dobrowolski sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total transaction of $749,400.00. Following the sale, the vice president now directly owns 20,799 shares of the company’s stock, valued at approximately $3,117,354.12. This trade represents a 19.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Philip Morris International Price Performance

NYSE PM traded down $0.91 during trading hours on Thursday, reaching $148.98. The company’s stock had a trading volume of 3,509,504 shares, compared to its average volume of 5,450,924. The firm has a fifty day simple moving average of $126.73 and a 200-day simple moving average of $124.72. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $150.24. The stock has a market cap of $231.64 billion, a P/E ratio of 33.06, a P/E/G ratio of 2.55 and a beta of 0.55.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.06. Philip Morris International had a net margin of 9.24% and a negative return on equity of 120.08%. On average, research analysts expect that Philip Morris International Inc. will post 7.11 earnings per share for the current year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 3.62%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s payout ratio is presently 119.73%.

Institutional Investors Weigh In On Philip Morris International

Institutional investors and hedge funds have recently made changes to their positions in the stock. White Lighthouse Investment Management Inc. lifted its holdings in Philip Morris International by 71.4% in the third quarter. White Lighthouse Investment Management Inc. now owns 11,999 shares of the company’s stock valued at $1,457,000 after buying an additional 4,999 shares during the period. Range Financial Group LLC lifted its stake in shares of Philip Morris International by 504.9% in the 4th quarter. Range Financial Group LLC now owns 22,915 shares of the company’s stock valued at $2,758,000 after purchasing an additional 19,127 shares during the period. Accredited Investors Inc. boosted its position in shares of Philip Morris International by 3,553.3% during the 3rd quarter. Accredited Investors Inc. now owns 206,959 shares of the company’s stock valued at $25,125,000 after purchasing an additional 201,294 shares in the last quarter. Park Avenue Securities LLC grew its stake in Philip Morris International by 18.9% during the fourth quarter. Park Avenue Securities LLC now owns 100,826 shares of the company’s stock worth $12,134,000 after purchasing an additional 16,035 shares during the period. Finally, CWA Asset Management Group LLC increased its holdings in Philip Morris International by 37.5% in the fourth quarter. CWA Asset Management Group LLC now owns 24,200 shares of the company’s stock worth $2,912,000 after purchasing an additional 6,605 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on PM shares. Barclays cut their target price on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. UBS Group boosted their price target on Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a report on Friday, February 7th. StockNews.com cut Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday. Stifel Nicolaus boosted their target price on Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. raised their price target on shares of Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Philip Morris International currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.35.

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.