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Reginaldo Dobrowolski, Vice President and Controller at Philip Morris International Inc. (NYSE:PM), recently sold a significant portion of his holdings in the company. The transaction comes as Philip Morris, with a market capitalization of $231.24 billion, trades near its 52-week high of $150.24, having delivered an impressive 76.48% return over the past year. According to a recent SEC filing, Dobrowolski disposed of 8,000 shares of common stock on February 12, 2025, with the transaction totaling approximately $1,197,630. The shares were sold at prices ranging from $149.41 to $149.88 per share. InvestingPro analysis indicates the stock is currently in overbought territory, with technical indicators suggesting potential price consolidation.
Following the transactions, Dobrowolski retains direct ownership of 20,799 shares, which includes 10,330 restricted share units. Additionally, his spouse, who is also an employee of Philip Morris, holds 2,326 shares outright and 5,270 restricted share units. The company maintains a "GOOD" financial health score according to InvestingPro, which offers comprehensive insider trading analysis and 15+ additional exclusive insights for PM stock.
In other recent news, Philip Morris International has been in the spotlight following analyst upgrades. Citi analysts, led by Simon Hales, raised their price target on the company’s shares from $147.00 to $163.00, maintaining a Buy rating. This adjustment was influenced by the company’s strong 2024 performance and a promising outlook for 2025. The analysts at Citi anticipate heated tobacco unit volume growth of 10.1% to 154 billion, aligning with the company’s guidance.
Similarly, Stifel analysts, led by Matthew Smith, also upgraded their price target for Philip Morris from $145 to $160, continuing with a Buy rating. This followed the company’s fourth-quarter earnings that exhibited a 10% constant currency growth in earnings per share. Philip Morris expects 6-8% organic sales growth and 10.5% to 12.5% EPS growth on a constant currency basis for 2025.
In other company news, defensive stocks, including Philip Morris, registered gains in the latest trading session, as the market shifted from tech stocks to safer investments amid growing concerns over the impact of China’s DeepSeek on the tech sector. Meanwhile, Philip Morris, along with British American Tobacco (NYSE:BTI) and Altria Group (NYSE:MO), saw an increase in their shares following the withdrawal of a proposed ban on menthol cigarettes by the Trump administration. These are some of the recent developments for Philip Morris International.
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