Philip Morris International (PM) Insider Jerry Whitson Buys 3,000 Shares

Philip Morris International (NYSE:PM) insider Jerry Whitson acquired 3,000 shares of the business’s stock in a transaction dated Wednesday, April 25th. The stock was acquired at an average price of $82.76 per share, for a total transaction of $248,280.00. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

PM stock opened at $81.81 on Thursday. The firm has a market cap of $128,125.94, a P/E ratio of 16.59, a PEG ratio of 1.58 and a beta of 0.86. The company has a current ratio of 1.16, a quick ratio of 0.80 and a debt-to-equity ratio of -2.82. Philip Morris International has a one year low of $80.64 and a one year high of $123.55.

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

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 11th. Investors of record on Thursday, March 22nd were given a dividend of $1.07 per share. The ex-dividend date was Wednesday, March 21st. This represents a $4.28 annualized dividend and a yield of 5.23%. Philip Morris International’s dividend payout ratio is presently 86.82%.

A number of hedge funds have recently added to or reduced their stakes in PM. NewSquare Capital LLC grew its position in shares of Philip Morris International by 6,572.3% in the third quarter. NewSquare Capital LLC now owns 101,753 shares of the company’s stock valued at $116,000 after purchasing an additional 100,228 shares during the period. Front Row Advisors LLC acquired a new stake in shares of Philip Morris International in the fourth quarter valued at about $118,000. Wolverine Asset Management LLC acquired a new stake in shares of Philip Morris International in the fourth quarter valued at about $126,000. Cerebellum GP LLC acquired a new stake in shares of Philip Morris International in the fourth quarter valued at about $128,000. Finally, Independence Bank of Kentucky acquired a new stake in shares of Philip Morris International in the fourth quarter valued at about $129,000. Institutional investors own 72.25% of the company’s stock.

PM has been the topic of a number of research reports. Cowen reiterated a “buy” rating and issued a $105.00 price objective on shares of Philip Morris International in a research note on Friday, April 20th. Piper Jaffray reiterated a “buy” rating and issued a $126.00 price objective on shares of Philip Morris International in a research note on Thursday, February 8th. Jefferies Group upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $124.00 price objective on the stock in a research note on Friday, January 19th. Citigroup upgraded shares of Philip Morris International from a “neutral” rating to a “buy” rating and set a $125.00 price objective on the stock in a research note on Wednesday, February 28th. They noted that the move was a valuation call. Finally, Deutsche Bank initiated coverage on shares of Philip Morris International in a research note on Tuesday, April 10th. They issued a “buy” rating and a $120.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company. Philip Morris International presently has a consensus rating of “Hold” and an average price target of $116.86.

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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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