Investors Purchase Large Volume of Philip Morris International Put Options (PM)
Philip Morris International (NYSE:PM) saw unusually large options trading activity on Thursday. Stock traders acquired 6,515 put options on the stock, Analyst Ratings Network reports. This represents an increase of 213% compared to the average volume of 2,081 put options.
PM has been the subject of a number of recent research reports. Analysts at TheStreet reiterated a “hold” rating on shares of Philip Morris International in a research note to investors on Friday, December 27th. Separately, analysts at Jefferies Group cut their price target on shares of Philip Morris International from $89.00 to $88.00 in a research note to investors on Friday, December 20th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $94.22.
Shares of Philip Morris International (NYSE:PM) traded down 1.27% on Thursday, hitting $86.02. The stock had a trading volume of 3,760,270 shares. Philip Morris International has a 52 week low of $82.86 and a 52 week high of $96.73. The stock’s 50-day moving average is $86.79 and its 200-day moving average is $87.46. The company has a market cap of $137.8 billion and a P/E ratio of 16.54.
Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, October 17th. The company reported $1.44 earnings per share for the quarter, meeting the analysts’ consensus estimate of $1.44. The company had revenue of $7.90 billion for the quarter, compared to the consensus estimate of $7.96 billion. During the same quarter last year, the company posted $1.38 earnings per share. Philip Morris International’s revenue was up .1% compared to the same quarter last year. On average, analysts predict that Philip Morris International will post $5.41 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, January 10th. Investors of record on Thursday, December 26th will be paid a dividend of 0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 4.37%. The ex-dividend date is Monday, December 23rd.
Philip Morris International Inc (NYSE:PM) is a holding company.
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