Philip Morris International (PM) Sets New 1-Year High and Low After Insider Buying Activity

Philip Morris International (NYSE:PM) reached a new 52-week high and low during trading on Thursday following insider buying activity. The stock traded as low as $80.47 and last traded at $81.28, with a volume of 4401419 shares changing hands. The stock had previously closed at $81.81.

Specifically, CEO Andre Calantzopoulos sold 49,000 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $103.66, for a total transaction of $5,079,340.00. Following the completion of the transaction, the chief executive officer now owns 792,765 shares in the company, valued at $82,178,019.90. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jerry Whitson acquired 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 25th. The shares were purchased at an average price of $82.76 per share, with a total value of $248,280.00. The disclosure for this purchase can be found here. 0.22% of the stock is currently owned by insiders.

Several research analysts have recently weighed in on PM shares. Citigroup upgraded shares of Philip Morris International from a “neutral” rating to a “buy” rating and set a $125.00 price target for the company in a report on Wednesday, February 28th. They noted that the move was a valuation call. Bank of America cut shares of Philip Morris International from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $113.00 to $88.00 in a report on Friday, April 20th. Morgan Stanley upped their price target on shares of Philip Morris International from $120.00 to $123.00 and gave the company an “overweight” rating in a report on Tuesday, January 30th. Piper Jaffray reiterated a “buy” rating and issued a $126.00 price target on shares of Philip Morris International in a report on Thursday, February 8th. 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. Three research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $116.86.



The company has a debt-to-equity ratio of -2.82, a quick ratio of 0.80 and a current ratio of 1.16. The stock has a market capitalization of $128,125.94, a PE ratio of 16.55, a price-to-earnings-growth ratio of 1.58 and a beta of 0.86.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, February 8th. The company reported $1.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.35 by ($0.04). Philip Morris International had a negative return on equity of 72.40% and a net margin of 7.50%. The firm had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.17 billion. During the same period last year, the company posted $1.10 earnings per share. The business’s revenue was up 19.0% compared to the same quarter last year. equities analysts predict that Philip Morris International will post 5.27 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 11th. Shareholders of record on Thursday, March 22nd were given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 5.27%. The ex-dividend date was Wednesday, March 21st. Philip Morris International’s dividend payout ratio (DPR) is currently 86.82%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. NewSquare Capital LLC grew its stake in Philip Morris International by 6,572.3% during the third quarter. NewSquare Capital LLC now owns 101,753 shares of the company’s stock worth $116,000 after buying an additional 100,228 shares in the last quarter. Front Row Advisors LLC acquired a new stake in Philip Morris International during the fourth quarter worth about $118,000. Wolverine Asset Management LLC acquired a new stake in Philip Morris International during the fourth quarter worth about $126,000. Cerebellum GP LLC acquired a new stake in Philip Morris International during the fourth quarter worth about $128,000. Finally, Independence Bank of Kentucky acquired a new stake in Philip Morris International during the fourth quarter worth about $129,000. 72.25% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Company Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, Philip Morris, Merit, Virginia S., Muratti, and Next.

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