Philip Morris International Insider Lars Dahlgren Sells Shares

On Thursday, March 6th, Lars Dahlgren, an insider at Philip Morris International Inc. (NYSE:PM), sold 3,679 shares of the company's stock. These shares were sold at an average price of $152.96, resulting in a transaction value of $562,739.84. After this sale, Dahlgren now owns 26,828 shares, which are valued at approximately $4,103,610.88. This sale represents a decrease of 12.06% in his ownership stake in the company. The details of this transaction were disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed online.

Philip Morris International Price Performance

During trading hours on Friday, the stock price of PM dipped by $2.50, reaching $151.05. A total of 4,585,455 shares were traded, which is less than the average trading volume of 5,166,635 shares. Over the past year, Philip Morris International has seen a low of $87.82 and a high of $159.51, with a market capitalization of $234.86 billion. The company's price-to-earnings ratio stands at 33.48, complemented by a PEG ratio of 2.65 and a beta of 0.53. Currently, the fifty-day and two-hundred-day simple moving averages are $135.47 and $128.78, respectively.

Philip Morris International Dividend Announcement

Recently, the company announced a quarterly dividend, which is scheduled to be paid on Thursday, April 10th. Stockholders who are on record as of Thursday, March 20th, will receive a dividend of $1.35. This translates to an annualized dividend of $5.40, giving the stock a dividend yield of 3.58%. Currently, the company has a payout ratio of 119.73%.

Institutional Inflows and Outflows

In recent months, several hedge funds have altered their positions in Philip Morris International. For example, Range Financial Group LLC increased its holdings by 504.9% during the fourth quarter, now owning 22,915 shares valued at $2,758,000 after acquiring an additional 19,127 shares. Additionally, Accredited Investors Inc. boosted its stake by 3,553.3% in the third quarter, owning 206,959 shares worth $25,125,000 after buying 201,294 additional shares. Park Avenue Securities LLC also increased its position by 18.9% during the fourth quarter, while CWA Asset Management Group LLC raised its stake by 37.5% in the same period. An estimated 78.63% of the company's stock is now owned by institutional investors and hedge funds.

Wall Street Analyst Insights

Equities research analysts have mixed opinions on PM shares. Stifel Nicolaus raised their price target from $145.00 to $160.00, rating the stock as a "buy." Similarly, JPMorgan Chase & Co. also increased their target to $160.00, marking the stock as "overweight." Meanwhile, UBS Group revised their target from $105.00 to $120.00 with a "sell" rating. Morgan Stanley and Barclays have also issued positive outlooks, with Barclays increasing their target from $145.00 to $175.00. Currently, the stock has one sell rating, one hold rating, and eight buy ratings, with a consensus target price of $144.56, as per MarketBeat data.

Company Overview

Philip Morris International Inc. operates primarily as a tobacco company focusing on delivering a smoke-free future. The company is transforming its product portfolio to include options beyond traditional tobacco and nicotine products. Its offerings primarily consist of cigarettes and smoke-free alternatives, including heat-not-burn and vapor products, notably under the IQOS and ZYN brands.

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