Philip Morris International Inc (NYSE:PM) insider Drago Azinovic sold 14,000 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $116.00, for a total value of $1,624,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of Philip Morris International Inc (PM) traded up 0.43% on Thursday, hitting $116.93. The company’s stock had a trading volume of 4,063,884 shares. The stock has a market capitalization of $181.61 billion, a P/E ratio of 25.91 and a beta of 0.93. The stock’s 50 day moving average price is $116.89 and its 200 day moving average price is $114.25. Philip Morris International Inc has a 52 week low of $86.78 and a 52 week high of $123.55.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, July 20th. The company reported $1.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.23 by $0.09. The business had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $7.11 billion. Philip Morris International had a negative return on equity of 66.18% and a net margin of 9.36%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.15 earnings per share. On average, analysts forecast that Philip Morris International Inc will post $4.82 earnings per share for the current fiscal year.

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Several equities research analysts have recently issued reports on PM shares. Vetr cut Philip Morris International from a “hold” rating to a “sell” rating and set a $108.70 price objective on the stock. in a report on Monday, May 8th. Jefferies Group LLC raised their price objective on Philip Morris International from $111.00 to $120.00 and gave the stock a “hold” rating in a report on Monday, May 22nd. Piper Jaffray Companies restated an “overweight” rating and set a $131.00 price objective on shares of Philip Morris International in a report on Wednesday, May 24th. Bank of America Corporation raised their price objective on Philip Morris International from $120.00 to $123.00 and gave the stock a “neutral” rating in a report on Tuesday, May 30th. Finally, Wells Fargo & Company restated an “outperform” rating on shares of Philip Morris International in a report on Friday, June 9th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $122.79.

A number of large investors have recently modified their holdings of the company. Acropolis Investment Management LLC boosted its stake in shares of Philip Morris International by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock worth $123,000 after buying an additional 5 shares in the last quarter. Novare Capital Management LLC boosted its stake in shares of Philip Morris International by 0.3% in the second quarter. Novare Capital Management LLC now owns 1,842 shares of the company’s stock worth $216,000 after buying an additional 5 shares in the last quarter. Baystate Wealth Management LLC boosted its stake in shares of Philip Morris International by 0.3% in the second quarter. Baystate Wealth Management LLC now owns 2,053 shares of the company’s stock worth $244,000 after buying an additional 7 shares in the last quarter. Hudock Capital Group LLC boosted its stake in shares of Philip Morris International by 0.3% in the second quarter. Hudock Capital Group LLC now owns 3,144 shares of the company’s stock worth $369,000 after buying an additional 8 shares in the last quarter. Finally, Jackson Grant Investment Advisers Inc. boosted its stake in shares of Philip Morris International by 0.3% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 3,368 shares of the company’s stock worth $396,000 after buying an additional 10 shares in the last quarter. Hedge funds and other institutional investors own 72.02% of the company’s stock.

Philip Morris International Company Profile

Philip Morris International Inc is a holding company. The Company is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada.

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