Philip Morris International (NYSE:PM) Sets New 1-Year High at $100.74

Philip Morris International Inc. (NYSE:PM - Get Free Report)'s stock price hit a new 52-week high on Thursday . The company traded as high as $100.74 and last traded at $100.64, with a volume of 23768 shares traded. The stock had previously closed at $100.57.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Societe Generale raised shares of Philip Morris International from a "sell" rating to a "hold" rating and set a $87.50 price target on the stock in a report on Tuesday, February 13th. UBS Group downgraded shares of Philip Morris International from a "buy" rating to a "sell" rating and cut their target price for the stock from $105.00 to $86.50 in a research report on Tuesday, January 23rd. Argus reiterated a "hold" rating on shares of Philip Morris International in a research note on Tuesday, March 5th. Finally, Stifel Nicolaus raised their price target on Philip Morris International from $108.00 to $115.00 and gave the stock a "buy" rating in a research note on Wednesday, April 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Philip Morris International currently has a consensus rating of "Hold" and a consensus price target of $105.50.

Philip Morris International Price Performance

The company has a 50-day moving average of $93.86 and a two-hundred day moving average of $92.77. The company has a market capitalization of $156.51 billion, a PE ratio of 19.80, a P/E/G ratio of 2.12 and a beta of 0.60.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.09. The firm had revenue of $8.79 billion for the quarter, compared to analysts' expectations of $8.44 billion. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. The business's quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.38 EPS. As a group, research analysts anticipate that Philip Morris International Inc. will post 6.29 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st were paid a $1.30 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.16%. Philip Morris International's dividend payout ratio (DPR) is presently 101.56%.

Insider Activity at Philip Morris International

In related news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the sale, the insider now owns 178,447 shares of the company's stock, valued at approximately $17,205,859.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Wilde Frederic De sold 20,000 shares of the firm's stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the completion of the transaction, the insider now directly owns 178,447 shares of the company's stock, valued at $17,205,859.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Massimo Andolina sold 8,250 shares of Philip Morris International stock in a transaction on Friday, March 15th. The shares were sold at an average price of $93.63, for a total transaction of $772,447.50. Following the completion of the sale, the insider now owns 94,629 shares in the company, valued at $8,860,113.27. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,250 shares of company stock worth $3,339,528. 0.14% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Philip Morris International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kessler Investment Group LLC bought a new stake in Philip Morris International during the first quarter worth approximately $25,000. Headlands Technologies LLC bought a new position in shares of Philip Morris International during the 3rd quarter valued at approximately $27,000. Boyd Watterson Asset Management LLC OH lifted its position in Philip Morris International by 250.0% in the first quarter. Boyd Watterson Asset Management LLC OH now owns 322 shares of the company's stock worth $30,000 after buying an additional 230 shares during the last quarter. Tennessee Valley Asset Management Partners purchased a new position in Philip Morris International during the fourth quarter worth $33,000. Finally, Northwest Financial Advisors purchased a new position in Philip Morris International during the fourth quarter worth $33,000. 78.63% of the stock is owned by institutional investors.

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.