Philip Morris International Inc. (NYSE:PM) Insider Sells $942,500.00 in Stock
Philip Morris International Inc. (NYSE:PM – Get Free Report) insider Wilde Frederic De sold 10,000 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $94.25, for a total value of $942,500.00. Following the sale, the insider now owns 198,447 shares in the company, valued at approximately $18,703,629.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Philip Morris International Price Performance
Shares of Philip Morris International stock traded down $0.86 on Thursday, hitting $92.79. 1,846,965 shares of the company’s stock traded hands, compared to its average volume of 4,228,312. Philip Morris International Inc. has a one year low of $87.23 and a one year high of $105.62. The company has a fifty day moving average of $91.82 and a two-hundred day moving average of $94.18. The company has a market capitalization of $144.05 billion, a price-to-earnings ratio of 18.15, a price-to-earnings-growth ratio of 2.23 and a beta of 0.77.
Philip Morris International (NYSE:PM – Get Free Report) last announced its earnings results on Thursday, October 19th. The company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.62 by $0.05. Philip Morris International had a negative return on equity of 129.48% and a net margin of 9.62%. The company had revenue of $9.14 billion for the quarter, compared to analyst estimates of $9.21 billion. During the same quarter in the prior year, the company earned $1.53 EPS. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. Equities research analysts anticipate that Philip Morris International Inc. will post 6.16 earnings per share for the current year.
Philip Morris International Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 12th. Investors of record on Wednesday, September 27th were given a dividend of $1.30 per share. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.27. The ex-dividend date of this dividend was Tuesday, September 26th. This represents a $5.20 annualized dividend and a dividend yield of 5.60%. Philip Morris International’s dividend payout ratio is presently 100.97%.
Analyst Ratings Changes
A number of research firms have recently commented on PM. StockNews.com began coverage on Philip Morris International in a research report on Thursday, October 5th. They set a “hold” rating on the stock. Barclays dropped their price target on Philip Morris International from $115.00 to $110.00 and set an “overweight” rating on the stock in a research report on Thursday, September 21st. Redburn Atlantic initiated coverage on Philip Morris International in a research note on Thursday, November 16th. They issued a “neutral” rating and a $95.00 price target for the company. Jefferies Financial Group decreased their price target on Philip Morris International from $111.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, October 13th. Finally, UBS Group decreased their price target on Philip Morris International from $116.00 to $112.00 and set a “buy” rating for the company in a research note on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $109.27.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new stake in Philip Morris International in the third quarter worth $27,000. PCA Investment Advisory Services Inc. bought a new stake in Philip Morris International during the second quarter worth about $27,000. Barrett & Company Inc. bought a new stake in Philip Morris International during the first quarter worth about $32,000. Blume Capital Management Inc. purchased a new position in shares of Philip Morris International in the first quarter worth about $36,000. Finally, DHJJ Financial Advisors Ltd. purchased a new position in shares of Philip Morris International in the third quarter worth about $36,000. Institutional investors own 79.70% of the company’s stock.
Philip Morris International Company Profile (Get Free Report)
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.
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Original: MarketBeat News Feed: Philip Morris International Inc. (NYSE:PM) Insider Sells $942,500.00 in Stock