Philip Morris International Inc. (NYSE:PM) Insider Lars Dahlgren Sells 3,679 Shares

Philip Morris International Inc. (NYSE:PM) insider Lars Dahlgren sold 3,679 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $152.96, for a total transaction of $562,739.84. Following the completion of the sale, the insider now directly owns 26,828 shares of the company’s stock, valued at $4,103,610.88. This trade represents a 12.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Philip Morris International Price Performance

Shares of PM stock opened at $151.05 on Friday. The stock has a market cap of $234.87 billion, a P/E ratio of 33.49, a price-to-earnings-growth ratio of 2.65 and a beta of 0.53. The stock has a fifty day moving average price of $136.06 and a 200 day moving average price of $129.00. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $159.51.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. Equities research analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th will be issued a $1.35 dividend. The ex-dividend date is Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.57%. Philip Morris International’s payout ratio is presently 119.73%.

Analysts Set New Price Targets

Several equities analysts have weighed in on PM shares. Barclays raised their target price on Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. raised their price objective on Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. UBS Group upped their target price 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. Morgan Stanley started coverage on Philip Morris International in a report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price target on the stock. Finally, Stifel Nicolaus lifted their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $144.56.

Institutional Trading of Philip Morris International

Institutional investors have recently bought and sold shares of the stock. Omnia Family Wealth LLC boosted its position in Philip Morris International by 1.7% in the fourth quarter. Omnia Family Wealth LLC now owns 3,851 shares of the company’s stock valued at $469,000 after buying an additional 65 shares in the last quarter. Meridian Wealth Partners LLC raised its holdings in Philip Morris International by 4.1% during the 4th quarter. Meridian Wealth Partners LLC now owns 1,781 shares of the company’s stock worth $214,000 after purchasing an additional 70 shares during the last quarter. NewSquare Capital LLC boosted its stake in shares of Philip Morris International by 53.7% in the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock valued at $25,000 after purchasing an additional 72 shares during the last quarter. Creative Financial Designs Inc. ADV grew its position in shares of Philip Morris International by 2.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,628 shares of the company’s stock worth $437,000 after buying an additional 73 shares during the period. Finally, Balboa Wealth Partners grew its position in shares of Philip Morris International by 2.0% during the 4th quarter. Balboa Wealth Partners now owns 3,712 shares of the company’s stock worth $447,000 after buying an additional 74 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

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.