Stock Analysis

The Senior Vice President of Global Communications of Philip Morris International Inc. (NYSE:PM), Marian Salzman, Just Sold 48% Of Their Holding

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NYSE:PM
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We'd be surprised if Philip Morris International Inc. (NYSE:PM) shareholders haven't noticed that the Senior Vice President of Global Communications, Marian Salzman, recently sold US$169k worth of stock at US$84.39 per share. That sale was 48% of their holding, so it does make us raise an eyebrow.

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Philip Morris International Insider Transactions Over The Last Year

The Global CEO & Director, Andre Calantzopoulos, made the biggest insider sale in the last 12 months. That single transaction was for US$4.4m worth of shares at a price of US$87.50 each. So what is clear is that an insider saw fit to sell at around the current price of US$85.63. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

In the last year Philip Morris International insiders didn't buy any company stock. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

insider-trading-volume
NYSE:PM Insider Trading Volume February 10th 2021

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).

Insider Ownership

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Philip Morris International insiders own about US$222m worth of shares (which is 0.2% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Does This Data Suggest About Philip Morris International Insiders?

An insider sold Philip Morris International shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. But it is good to see that Philip Morris International is growing earnings. It is good to see high insider ownership, but the insider selling leaves us cautious. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For example - Philip Morris International has 2 warning signs we think you should be aware of.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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