Insider Buying: Philip Morris International (PM) Director Buys 40,000 Shares of Stock
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.
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.
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