Philip Morris International VP Sells $828,000 in Stock (PM)
Philip Morris International (NYSE:PM) VP Joachim Psotta sold 10,000 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $82.80, for a total transaction of $828,000.00. Following the sale, the vice president now directly owns 154,122 shares in the company, valued at approximately $12,761,302. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Philip Morris International (NYSE:PM) traded up 0.67% during mid-day trading on Monday, hitting $84.40. The stock had a trading volume of 2,719,090 shares. 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 $85.17 and a 200-day moving average of $83.65. The company has a market cap of $131.8 billion and a price-to-earnings ratio of 16.65.
Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, July 17th. The company reported $1.41 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $1.30 earnings per share. The company’s quarterly revenue was down 1.5% on a year-over-year basis. Analysts expect that Philip Morris International will post $5.17 EPS for the current fiscal year.
A number of analysts have recently weighed in on PM shares. 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 research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average 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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