Andre Calantzopoulos Sells 40,643 Shares of Philip Morris International Inc. (NYSE:PM) Stock

Philip Morris International Inc. (NYSE:PM) Chairman Andre Calantzopoulos sold 40,643 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $149.06, for a total value of $6,058,245.58. Following the completion of the transaction, the chairman now owns 561,349 shares in the company, valued at $83,674,681.94. The trade was a 6.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Philip Morris International Stock Performance

Shares of NYSE PM opened at $154.39 on Monday. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $154.64. The company has a market cap of $240.05 billion, a price-to-earnings ratio of 34.23, a PEG ratio of 2.65 and a beta of 0.55. The business’s 50 day moving average price is $129.81 and its 200-day moving average price is $126.52.

Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. Sell-side analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were paid a dividend of $1.35 per share. The ex-dividend date was Thursday, December 26th. This represents a $5.40 annualized dividend and a yield of 3.50%. Philip Morris International’s payout ratio is presently 119.73%.

Analysts Set New Price Targets

PM has been the subject of several recent research reports. UBS Group lifted their target price on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a research note on Friday, February 7th. Barclays cut their price objective on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. JPMorgan Chase & Co. upped their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. StockNews.com cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Finally, Morgan Stanley began coverage on Philip Morris International in a research note on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Philip Morris International currently has a consensus rating of “Moderate Buy” and an average price target of $141.22.

Institutional Trading of Philip Morris International

Several large investors have recently made changes to their positions in PM. NewSquare Capital LLC lifted 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 period. Valley Wealth Managers Inc. increased its stake in Philip Morris International by 457.5% during the 3rd quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock worth $27,000 after buying an additional 183 shares in the last quarter. Dunhill Financial LLC raised its stake 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 during the last quarter. McClarren Financial Advisors Inc. acquired a new position in Philip Morris International during the fourth quarter worth about $33,000. Finally, Knuff & Co LLC acquired a new position in shares of Philip Morris International during the 4th quarter worth approximately $36,000. 78.63% of the stock is owned by hedge funds and other 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.