Philip Morris International Inc. (PM) Insider Marc S. Firestone Sells 13,650 Shares

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.

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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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