Philip Morris International Inc. (NYSE:PM) insider Marc S. Firestone sold 13,650 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $104.63, for a total value of $1,428,199.50. Following the sale, the insider now directly owns 189,199 shares in the company, valued at $19,795,891.37. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of Philip Morris International Inc. (NYSE PM) traded up $3.13 during midday trading on Friday, reaching $106.11. 4,658,107 shares of the company were exchanged, compared to its average volume of 5,560,768. Philip Morris International Inc. has a 52 week low of $96.66 and a 52 week high of $123.55. The stock has a market cap of $164,810.00, a price-to-earnings ratio of 21.61, a P/E/G ratio of 1.95 and a beta of 0.85. The company has a debt-to-equity ratio of -3.06, a quick ratio of 0.80 and a current ratio of 1.35.
Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, February 8th. The company reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.04). Philip Morris International had a negative return on equity of 71.99% and a net margin of 7.73%. The firm had revenue of $8.29 billion during the quarter, compared to analysts’ expectations of $8.17 billion. During the same quarter in the previous year, the firm earned $1.10 earnings per share. Philip Morris International’s revenue was up 19.0% on a year-over-year basis. equities research analysts predict that Philip Morris International Inc. will post 5.27 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Philip Morris International by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 111,475,174 shares of the company’s stock worth $13,092,759,000 after acquiring an additional 2,972,929 shares during the last quarter. BlackRock Inc. raised its holdings in Philip Morris International by 2.0% in the 4th quarter. BlackRock Inc. now owns 94,653,614 shares of the company’s stock worth $10,000,154,000 after acquiring an additional 1,851,721 shares during the last quarter. FMR LLC raised its holdings in Philip Morris International by 12.5% in the 2nd quarter. FMR LLC now owns 20,919,201 shares of the company’s stock worth $2,456,960,000 after acquiring an additional 2,330,864 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Philip Morris International by 1.5% in the 4th quarter. Bank of New York Mellon Corp now owns 17,494,845 shares of the company’s stock worth $1,848,329,000 after acquiring an additional 266,461 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Philip Morris International by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 16,006,215 shares of the company’s stock worth $1,687,415,000 after purchasing an additional 423,024 shares during the period. Institutional investors own 73.20% of the company’s stock.
Several research firms have recently issued reports on PM. Piper Jaffray Companies reiterated an “overweight” rating and set a $137.00 target price (up from $130.00) on shares of Philip Morris International in a report on Thursday, January 11th. Wells Fargo & Co reiterated an “outperform” rating and set a $135.00 target price (down from $140.00) on shares of Philip Morris International in a report on Wednesday, November 15th. Citigroup lowered their target price on shares of Philip Morris International from $117.00 to $114.00 and set a “neutral” rating for the company in a report on Tuesday, January 16th. Jefferies Group upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $124.00 target price for the company in a report on Friday, January 19th. Finally, Zacks Investment Research upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Philip Morris International currently has a consensus rating of “Buy” and an average target price of $123.79.
Philip Morris International Company Profile
Philip Morris International Inc is a holding company. The Company is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada.
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