Philip Morris International Inc. (NYSE:PM) Insider Werner Barth Sells 7,500 Shares

Philip Morris International Inc. (NYSE:PM) insider Werner Barth sold 7,500 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $129.98, for a total transaction of $974,850.00. Following the transaction, the insider now owns 95,418 shares in the company, valued at approximately $12,402,431.64. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Philip Morris International Stock Down 2.2 %

Shares of PM stock opened at $129.86 on Friday. The company has a market capitalization of $201.87 billion, a price-to-earnings ratio of 25.36, a P/E/G ratio of 2.57 and a beta of 0.55. Philip Morris International Inc. has a 12-month low of $87.23 and a 12-month high of $133.27. The firm has a fifty day moving average of $122.50 and a 200-day moving average of $109.71.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.09. The company had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.68 billion. Philip Morris International had a negative return on equity of 117.94% and a net margin of 12.10%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.67 earnings per share. On average, equities analysts expect that Philip Morris International Inc. will post 6.45 EPS for the current year.

Philip Morris International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Thursday, September 26th were issued a $1.35 dividend. The ex-dividend date was Thursday, September 26th. This is an increase from Philip Morris International’s previous quarterly dividend of $1.30. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.16%. Philip Morris International’s dividend payout ratio (DPR) is 105.47%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Cornerstone Wealth Group LLC increased its stake in Philip Morris International by 450.4% in the 3rd quarter. Cornerstone Wealth Group LLC now owns 38,606 shares of the company’s stock valued at $4,687,000 after buying an additional 31,592 shares during the last quarter. Oak Harvest Investment Services acquired a new position in shares of Philip Morris International during the 3rd quarter worth about $208,000. JFS Wealth Advisors LLC grew its holdings in shares of Philip Morris International by 43.0% in the 3rd quarter. JFS Wealth Advisors LLC now owns 4,605 shares of the company’s stock valued at $559,000 after acquiring an additional 1,385 shares in the last quarter. SteelPeak Wealth LLC increased its position in shares of Philip Morris International by 556.0% in the third quarter. SteelPeak Wealth LLC now owns 72,038 shares of the company’s stock valued at $8,843,000 after acquiring an additional 61,057 shares during the last quarter. Finally, Pinnacle Associates Ltd. raised its holdings in Philip Morris International by 3.9% during the third quarter. Pinnacle Associates Ltd. now owns 55,986 shares of the company’s stock worth $6,797,000 after acquiring an additional 2,101 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on PM. Citigroup increased their price target on shares of Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Bank of America upped their target price on shares of Philip Morris International from $125.00 to $139.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. UBS Group upped their price objective on Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a report on Wednesday. The Goldman Sachs Group raised their target price on Philip Morris International from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Finally, Barclays boosted their target price on Philip Morris International from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.85.

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.