Philip Morris International Chairman Sells $2,988,360 in Stock (PM)
Philip Morris International (NYSE:PM) Chairman Louis C. Camilleri unloaded 36,000 shares of Philip Morris International stock on the open market in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $83.01, for a total transaction of $2,988,360.00. Following the sale, the chairman now directly owns 1,338,307 shares in the company, valued at approximately $111,092,864. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Philip Morris International (NYSE:PM) traded up 1.37% during mid-day trading on Friday, hitting $83.84. 3,817,905 shares of the company’s stock traded hands. Philip Morris International has a 52-week low of $75.28 and a 52-week high of $91.81. The stock has a 50-day moving average of $85. and a 200-day moving average of $83.65. The company has a market cap of $131.0 billion and a price-to-earnings ratio of 16.43.
Philip Morris International (NYSE:PM) last released its earnings data on Thursday, July 17th. The company reported $1.41 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.24 by $0.17. The company had revenue of $7.80 billion for the quarter, compared to the consensus estimate of $7.52 billion. During the same quarter last year, the company posted $1.30 earnings per share. Philip Morris International’s revenue was down 1.5% compared to the same quarter last year. Analysts expect that Philip Morris International will post $5.17 EPS for the current fiscal year.
PM has been the subject of a number of recent research reports. Analysts at BNP Paribas raised their price target on shares of Philip Morris International from $85.00 to $88.00 in a research note on Friday, July 18th. Separately, analysts at Nomura raised their price target on shares of Philip Morris International from $74.20 to $74.80 in a research note on Tuesday, July 15th. Finally, analysts at Credit Agricole raised their price target on shares of Philip Morris International from $90.00 to $92.00 in a research note on Friday, July 11th. They now have an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. Philip Morris International currently has a consensus rating of “Hold” and an average target price of $89.80.
Philip Morris International Inc (NYSE:PM) is a holding company.
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