Philip Morris International Inc. (NYSE:PM) insider Marc S. Firestone sold 13,650 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $104.63, for a total transaction of $1,428,199.50. Following the completion of the sale, the insider now owns 189,199 shares of the company’s stock, valued at $19,795,891.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Philip Morris International Inc. (PM) traded up $3.13 on Friday, reaching $106.11. 4,824,635 shares of the company’s stock traded hands, compared to its average volume of 5,820,000. The company has a current ratio of 1.35, a quick ratio of 0.80 and a debt-to-equity ratio of -3.06. Philip Morris International Inc. has a 12 month low of $96.66 and a 12 month high of $123.55. The stock has a market capitalization of $164,810.00, a P/E ratio of 21.61, a P/E/G ratio of 1.93 and a beta of 0.85.
Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, February 8th. The company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $8.29 billion for the quarter, compared to analysts’ expectations of $8.17 billion. During the same quarter in the prior year, the firm earned $1.10 earnings per share. Philip Morris International’s quarterly revenue was up 19.0% compared to the same quarter last year. equities research analysts anticipate that Philip Morris International Inc. will post 5.27 EPS for the current year.
PM has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating in a report on Monday, October 30th. Wells Fargo & Co restated an “outperform” rating and issued a $135.00 target price (down from $140.00) on shares of Philip Morris International in a report on Wednesday, November 15th. Piper Jaffray Companies set a $130.00 target price on shares of Philip Morris International and gave the company a “buy” rating in a report on Thursday, November 16th. 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. Finally, 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. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Philip Morris International presently has an average rating of “Buy” and a consensus target price of $123.79.
Several hedge funds have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Philip Morris International by 14.1% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 156,885 shares of the company’s stock valued at $16,575,000 after purchasing an additional 19,393 shares during the period. Certified Advisory Corp acquired a new stake in Philip Morris International in the fourth quarter valued at $130,000. Ackerman Capital Advisors LLC acquired a new stake in Philip Morris International in the fourth quarter valued at $229,000. Fairfield Bush & CO. raised its holdings in Philip Morris International by 1.0% in the fourth quarter. Fairfield Bush & CO. now owns 53,498 shares of the company’s stock valued at $5,652,000 after acquiring an additional 553 shares in the last quarter. Finally, D.B. Root & Company LLC acquired a new stake in Philip Morris International in the fourth quarter valued at $958,000. Institutional investors and hedge funds own 73.20% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Philip Morris International Inc. (PM) Insider Marc S. Firestone Sells 13,650 Shares” was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this story on another site, it was stolen and reposted in violation of US & international trademark and copyright law. The original version of this story can be read at https://www.dispatchtribunal.com/2018/02/24/philip-morris-international-inc-pm-insider-marc-s-firestone-sells-13650-shares.html.
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.
Receive News & Ratings for Philip Morris International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International and related companies with MarketBeat.com's FREE daily email newsletter.