Philip Morris International Inc. (NYSE:PM – Get Free Report) insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $113.01, for a total value of $2,260,200.00. Following the completion of the transaction, the insider now directly owns 158,447 shares of the company’s stock, valued at $17,906,095.47. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Philip Morris International Trading Down 0.5 %
Shares of NYSE:PM traded down $0.59 during mid-day trading on Monday, hitting $112.77. 196,482 shares of the company traded hands, compared to its average volume of 5,344,318. The stock has a 50-day moving average price of $103.26 and a two-hundred day moving average price of $96.54. Philip Morris International Inc. has a 12-month low of $87.23 and a 12-month high of $113.68. The stock has a market cap of $175.33 billion, a P/E ratio of 22.14, a P/E/G ratio of 2.27 and a beta of 0.58.
Philip Morris International (NYSE:PM – Get Free Report) last posted its quarterly earnings data on Tuesday, July 23rd. The company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.02. The firm had revenue of $9.47 billion for the quarter, compared to the consensus estimate of $9.19 billion. Philip Morris International had a net margin of 10.92% and a negative return on equity of 113.32%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.60 EPS. As a group, analysts expect that Philip Morris International Inc. will post 6.4 earnings per share for the current year.
Philip Morris International Dividend Announcement
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on Philip Morris International from $110.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday. Bank of America increased their target price on shares of Philip Morris International from $110.00 to $118.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Philip Morris International from $116.00 to $118.00 and gave the company a “buy” rating in a report on Thursday. StockNews.com upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research note on Monday, July 22nd. Finally, Stifel Nicolaus increased their price target on Philip Morris International from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $107.80.
Get Our Latest Stock Analysis on PM
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Iron Horse Wealth Management LLC grew its holdings in Philip Morris International by 684.4% during the second quarter. Iron Horse Wealth Management LLC now owns 251 shares of the company’s stock valued at $25,000 after purchasing an additional 219 shares during the period. Kessler Investment Group LLC bought a new position in shares of Philip Morris International in the first quarter worth $25,000. Fortitude Family Office LLC grew its position in shares of Philip Morris International by 57.4% in the second quarter. Fortitude Family Office LLC now owns 318 shares of the company’s stock valued at $32,000 after purchasing an additional 116 shares in the last quarter. Boyd Watterson Asset Management LLC OH grew its holdings in Philip Morris International by 250.0% during the 1st quarter. Boyd Watterson Asset Management LLC OH now owns 322 shares of the company’s stock valued at $30,000 after buying an additional 230 shares in the last quarter. Finally, Olistico Wealth LLC bought a new stake in Philip Morris International during the 2nd quarter worth approximately $34,000. Institutional investors own 78.63% of the company’s stock.
Philip Morris International Company Profile
Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.
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