Wilde Frederic De Sells 20,000 Shares of Philip Morris International Inc. (NYSE:PM) Stock

Philip Morris International Inc. (NYSE:PM - Get Free Report) insider Wilde Frederic De sold 20,000 shares of the company's stock in a transaction dated 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 owns 178,447 shares in the company, valued at $17,205,859.74. The transaction was disclosed in a filing with the SEC, which is available at this link.

Philip Morris International Trading Down 1.2 %

NYSE:PM traded down $1.12 during mid-day trading on Friday, hitting $94.97. The company had a trading volume of 5,390,948 shares, compared to its average volume of 5,771,704. Philip Morris International Inc. has a 1 year low of $87.23 and a 1 year high of $100.79. The business has a fifty day simple moving average of $91.79 and a 200-day simple moving average of $92.18. The firm has a market capitalization of $147.64 billion, a price-to-earnings ratio of 18.56, a PEG ratio of 2.09 and a beta of 0.61.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.41 by $0.09. The firm had revenue of $8.79 billion for the quarter, compared to analyst estimates of $8.44 billion. Philip Morris International had a negative return on equity of 113.26% and a net margin of 9.83%. Philip Morris International's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.38 EPS. As a group, research analysts anticipate that Philip Morris International Inc. will post 6.29 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 21st were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 5.48%. The ex-dividend date was Wednesday, March 20th. Philip Morris International's dividend payout ratio (DPR) is 101.56%.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Philip Morris International

Institutional investors have recently made changes to their positions in the business. YHB Investment Advisors Inc. bought a new stake in shares of Philip Morris International in the 1st quarter worth about $187,000. First National Trust Co raised its stake in Philip Morris International by 3.1% during the first quarter. First National Trust Co now owns 45,534 shares of the company's stock valued at $4,172,000 after buying an additional 1,360 shares in the last quarter. McKinley Carter Wealth Services Inc. lifted its holdings in Philip Morris International by 4.7% during the 1st quarter. McKinley Carter Wealth Services Inc. now owns 2,460 shares of the company's stock worth $225,000 after buying an additional 111 shares during the last quarter. Clear Creek Financial Management LLC acquired a new position in Philip Morris International in the first quarter worth $893,000. Finally, Mesirow Financial Investment Management Inc. bought a new stake in Philip Morris International during the first quarter valued at $4,781,000. 78.63% of the stock is owned by institutional investors and hedge funds.

About Philip Morris International

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.