Philip Morris International Inc. (NYSE:PM) CEO Sells $5,954,800.00 in Stock

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

Philip Morris International Stock Up 1.5 %

NYSE:PM traded up $2.29 during trading hours on Friday, reaching $153.86. 3,374,066 shares of the stock were exchanged, compared to its average volume of 5,616,010. The company has a market capitalization of $239.23 billion, a price-to-earnings 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. The business has a 50-day moving average of $129.26 and a two-hundred day moving average of $126.08.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data 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 negative return on equity of 120.08% and a net margin of 7.89%. On average, research analysts forecast that Philip Morris International Inc. will post 7.13 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

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

Hedge Funds Weigh In On Philip Morris International

Hedge funds have recently made changes to their positions in the company. NewSquare Capital LLC grew its holdings in shares of Philip Morris International by 53.7% during the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock worth $25,000 after buying an additional 72 shares during the last quarter. Valley Wealth Managers Inc. boosted its holdings in Philip Morris International by 457.5% in the 3rd quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock valued at $27,000 after purchasing an additional 183 shares in the last quarter. Dunhill Financial LLC boosted its holdings in Philip Morris International by 203.8% in the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock valued at $29,000 after purchasing an additional 161 shares in the last quarter. McClarren Financial Advisors Inc. purchased a new stake in Philip Morris International in the 4th quarter valued at approximately $33,000. Finally, Knuff & Co LLC purchased a new stake in Philip Morris International in the 4th quarter valued at approximately $36,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on PM. Morgan Stanley began coverage on Philip Morris International in a research report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective for the company. StockNews.com lowered Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Stifel Nicolaus increased their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. UBS Group increased their price objective on Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. upped their price target on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.