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

Philip Morris International Inc. (NYSE:PM) insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $113.01, for a total value of $2,260,200.00. Following the completion of the transaction, the insider now directly owns 158,447 shares of the company’s stock, valued at $17,906,095.47. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Philip Morris International Trading Down 0.5 %

Shares of NYSE:PM traded down $0.59 during mid-day trading on Monday, hitting $112.77. 196,482 shares of the company traded hands, compared to its average volume of 5,344,318. The stock has a 50-day moving average price of $103.26 and a two-hundred day moving average price of $96.54. Philip Morris International Inc. has a 12-month low of $87.23 and a 12-month high of $113.68. The stock has a market cap of $175.33 billion, a P/E ratio of 22.14, a P/E/G ratio of 2.27 and a beta of 0.58.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Tuesday, July 23rd. The company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.02. The firm had revenue of $9.47 billion for the quarter, compared to the consensus estimate of $9.19 billion. Philip Morris International had a net margin of 10.92% and a negative return on equity of 113.32%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.60 EPS. As a group, analysts expect that Philip Morris International Inc. will post 6.4 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, July 8th. Investors of record on Friday, June 21st were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date was Friday, June 21st. Philip Morris International’s payout ratio is 101.56%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on Philip Morris International from $110.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday. Bank of America increased their target price on shares of Philip Morris International from $110.00 to $118.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Philip Morris International from $116.00 to $118.00 and gave the company a “buy” rating in a report on Thursday. StockNews.com upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research note on Monday, July 22nd. Finally, Stifel Nicolaus increased their price target on Philip Morris International from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $107.80.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Iron Horse Wealth Management LLC grew its holdings in Philip Morris International by 684.4% during the second quarter. Iron Horse Wealth Management LLC now owns 251 shares of the company’s stock valued at $25,000 after purchasing an additional 219 shares during the period. Kessler Investment Group LLC bought a new position in shares of Philip Morris International in the first quarter worth $25,000. Fortitude Family Office LLC grew its position in shares of Philip Morris International by 57.4% in the second quarter. Fortitude Family Office LLC now owns 318 shares of the company’s stock valued at $32,000 after purchasing an additional 116 shares in the last quarter. Boyd Watterson Asset Management LLC OH grew its holdings in Philip Morris International by 250.0% during the 1st quarter. Boyd Watterson Asset Management LLC OH now owns 322 shares of the company’s stock valued at $30,000 after buying an additional 230 shares in the last quarter. Finally, Olistico Wealth LLC bought a new stake in Philip Morris International during the 2nd quarter worth approximately $34,000. Institutional investors own 78.63% of the company’s stock.

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.