Philip Morris International (NYSE:PM) Director Jennifer Li purchased 40,000 shares of the company’s stock in a transaction on Monday, May 14th. The shares were bought at an average price of $81.30 per share, for a total transaction of $3,252,000.00. Following the completion of the transaction, the director now directly owns 47,323 shares in the company, valued at approximately $3,847,359.90. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Philip Morris International opened at $80.89 on Thursday, according to MarketBeat. The company has a market capitalization of $125.69 billion, a PE ratio of 16.41, a price-to-earnings-growth ratio of 1.59 and a beta of 0.88. The company has a debt-to-equity ratio of -2.82, a quick ratio of 0.68 and a current ratio of 1.16. Philip Morris International has a 12-month low of $80.23 and a 12-month high of $81.33.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, April 19th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.12. The company had revenue of $6.90 billion for the quarter, compared to analysts’ expectations of $7.03 billion. Philip Morris International had a net margin of 7.50% and a negative return on equity of 72.40%. The business’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 EPS. research analysts forecast that Philip Morris International will post 5.23 EPS for the current fiscal year.

A number of analysts have commented on PM shares. Zacks Investment Research downgraded shares of Philip Morris International from a “hold” rating to a “sell” rating in a research report on Wednesday, April 11th. Jefferies Group upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $124.00 price target on the stock in a research report on Friday, January 19th. Goldman Sachs downgraded shares of Philip Morris International from a “conviction-buy” rating to a “buy” rating in a research report on Friday, April 20th. Bank of America downgraded shares of Philip Morris International from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $113.00 to $88.00 in a research report on Friday, April 20th. Finally, Deutsche Bank started coverage on shares of Philip Morris International in a research report on Tuesday, April 10th. They set a “buy” rating and a $120.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $116.86.

Several institutional investors and hedge funds have recently made changes to their positions in PM. Ledyard National Bank increased its position in shares of Philip Morris International by 2.3% in the fourth quarter. Ledyard National Bank now owns 20,224 shares of the company’s stock worth $2,137,000 after acquiring an additional 464 shares in the last quarter. Duncker Streett & Co. Inc. increased its position in shares of Philip Morris International by 3.3% in the fourth quarter. Duncker Streett & Co. Inc. now owns 15,454 shares of the company’s stock worth $1,633,000 after acquiring an additional 492 shares in the last quarter. Cibc Bank USA increased its position in shares of Philip Morris International by 1.1% in the fourth quarter. Cibc Bank USA now owns 47,224 shares of the company’s stock worth $4,989,000 after acquiring an additional 493 shares in the last quarter. DF Dent & Co. Inc. increased its position in shares of Philip Morris International by 14.0% in the fourth quarter. DF Dent & Co. Inc. now owns 4,027 shares of the company’s stock worth $425,000 after acquiring an additional 494 shares in the last quarter. Finally, Maryland Capital Management increased its position in shares of Philip Morris International by 1.7% in the fourth quarter. Maryland Capital Management now owns 29,249 shares of the company’s stock worth $3,090,000 after acquiring an additional 499 shares in the last quarter. 72.70% of the stock is currently owned by institutional investors.

About Philip Morris International

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.

Insider Buying and Selling by Quarter for Philip Morris International (NYSE:PM)

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