Philip Morris International Inc. (NYSE:PM) CFO Emmanuel Babeau Sells 30,000 Shares

Philip Morris International Inc. (NYSE:PM) CFO Emmanuel Babeau sold 30,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $148.85, for a total transaction of $4,465,500.00. Following the transaction, the chief financial officer now owns 139,105 shares in the company, valued at $20,705,779.25. The trade was a 17.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Philip Morris International Trading Up 1.5 %

PM traded up $2.29 during trading on Friday, reaching $153.86. The stock had a trading volume of 3,374,066 shares, compared to its average volume of 5,616,010. The stock’s 50 day moving average is $129.26 and its two-hundred day moving average is $126.08. The company has a market capitalization of $239.23 billion, a price-to-earnings ratio of 34.12, a P/E/G ratio of 2.62 and a beta of 0.55. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $154.32.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share (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 7.89%. On average, equities research analysts predict that Philip Morris International Inc. will post 7.13 earnings per share for the current year.

Philip Morris International Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. NewSquare Capital LLC lifted 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 valued at $25,000 after buying an additional 72 shares in the last quarter. Valley Wealth Managers Inc. lifted its position 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 in the last quarter. Dunhill Financial LLC lifted its position 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 in the last quarter. McClarren Financial Advisors Inc. purchased a new position in shares of Philip Morris International during the 4th quarter valued at about $33,000. Finally, Knuff & Co LLC purchased a new position in shares of Philip Morris International during the 4th quarter valued at about $36,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Morgan Stanley assumed 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 on the stock. UBS Group increased their price target on shares of Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a research report on Friday, February 7th. Stifel Nicolaus increased their price objective on Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. increased their price objective on Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Barclays dropped their price objective 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.