Insider Selling: Philip Morris International Inc. (NYSE:PM) CEO Sells 40,000 Shares of Stock

Philip Morris International Inc. (NYSE:PM) CEO Jacek Olczak sold 40,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $148.87, for a total transaction of $5,954,800.00. Following the sale, the chief executive officer now owns 547,426 shares of the company’s stock, valued at approximately $81,495,308.62. The trade was a 6.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Philip Morris International Price Performance

PM traded up $2.29 during trading on Friday, hitting $153.86. The company’s stock had a trading volume of 3,374,066 shares, compared to its average volume of 5,616,010. The firm’s 50 day moving average price is $129.26 and its 200-day moving average price is $126.08. The stock has a market cap of $239.23 billion, a PE ratio of 34.12, a PEG ratio of 2.62 and a beta of 0.55. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $154.32.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.06. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. Equities analysts anticipate that Philip Morris International Inc. will post 7.13 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were issued a $1.35 dividend. The ex-dividend date was Thursday, December 26th. This represents a $5.40 annualized dividend and a yield of 3.51%. Philip Morris International’s dividend payout ratio (DPR) is presently 119.73%.

Institutional Inflows and Outflows

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on PM shares. Barclays reduced their price target 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. Morgan Stanley started coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price target for the company. Stifel Nicolaus lifted their price target 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. JPMorgan Chase & Co. lifted their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, StockNews.com downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Philip Morris International currently has an average rating of “Moderate Buy” and an average target price of $141.22.

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.