November 23, 2016 - By olga
A document filed with the Security Exchange Commission on 23/11/2016 made public that Patrick Brunel, the Sr. VP & Chief Info Officer of Philip Morris International Inc, ‘s company purchased 1,000 shares. With average market share price of $88.2, the purchase’s amount is $88,210 U.S Dollars. This purchase decreased his ownership of Philip Morris International Inc to 0.00% market capitalization or 62,053 shares.
Out of 13 analysts covering Philip Morris International (NYSE:PM), 7 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 54% are positive. $116 is the highest target while $80 is the lowest. The $96.76 average target is 8.84% above today’s ($88.9) stock price. Philip Morris International has been the topic of 21 analyst reports since August 24, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Tuesday, September 13 by Citigroup. The stock has “Hold” rating given by Societe Generale on Thursday, April 21. The stock has “Hold” rating given by Jefferies on Wednesday, September 21. On Monday, November 30 the stock rating was upgraded by Nomura to “Neutral”. CLSA upgraded Philip Morris International Inc. (NYSE:PM) on Monday, November 14 to “Buy” rating. The stock has “Neutral” rating given by JP Morgan on Tuesday, April 19. The stock of Philip Morris International Inc. (NYSE:PM) has “Buy” rating given on Thursday, March 24 by Bank of America. On Wednesday, April 20 the stock rating was maintained by Goldman Sachs with “Neutral”. Vetr upgraded the shares of PM in a report on Monday, August 24 to “Buy” rating. BNP Paribas upgraded the stock to “Outperform” rating in Tuesday, March 8 report.
Insitutional Activity: The institutional sentiment increased to 1.03 in 2016 Q2. Its up 0.14, from 0.89 in 2016Q1. The ratio improved, as 49 funds sold all Philip Morris International Inc. shares owned while 543 reduced positions. 80 funds bought stakes while 448 increased positions. They now own 1.08 billion shares or 2.46% less from 1.11 billion shares in 2016Q1.
Babson Limited Liability Corporation accumulated 0.18% or 70,102 shares. Cim Mangement Inc accumulated 10,820 shares or 0.46% of the stock. Weatherstone Cap Management last reported 0.32% of its portfolio in the stock. First Quadrant L P Ca last reported 0.08% of its portfolio in the stock. Rmsincerbeaux Ltd Liability Com owns 12,150 shares or 1.27% of their US portfolio. Moreover, Kempen Cap Management Nv has 1.2% invested in Philip Morris International Inc. (NYSE:PM) for 100,030 shares. Savings Bank Of The West, a California-based fund reported 36,163 shares. Retail Bank accumulated 0.27% or 18,917 shares. White Pine Investment, a Michigan-based fund reported 5,384 shares. Edge Wealth Ltd holds 0.13% or 3,054 shares in its portfolio. Blue Fincl Capital accumulated 0.96% or 11,383 shares. Endowment Mgmt L P has invested 3.48% of its portfolio in Philip Morris International Inc. (NYSE:PM). Cohen Klingenstein Limited Liability Corporation has 0.46% invested in the company for 24,805 shares. Boston Family Office holds 0.79% or 60,155 shares in its portfolio. Lvw Advsr Ltd Liability Co last reported 27,741 shares in the company.
Insider Transactions: Since November 17, 2016, the stock had 1 buy, and 0 sales for $178,440 net activity. $178,440 worth of Philip Morris International Inc. (NYSE:PM) shares were bought by Makihara Jun.
About 3.50 million shares traded hands. Philip Morris International Inc. (NYSE:PM) has declined 6.66% since April 21, 2016 and is downtrending. It has underperformed by 11.99% the S&P500.
Philip Morris International Inc. is a holding firm engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. The company has a market cap of $138.50 billion. The Company’s products are sold in over 180 markets. It has a 21.25 P/E ratio. The Company’s divisions include European Union; Eastern Europe, Middle East & Africa; Asia, and Latin America & Canada.
According to Zacks Investment Research, “Philip Morris International is the leading international tobacco company, with products sold in over 160 countries. They own 7 of the top 15 brands in the world and have a strong mix of international and local products that seek to appeal to a wide array of adult smokers.”
Analysts await Philip Morris International Inc. (NYSE:PM) to report earnings on February, 2. They expect $1.14 EPS, up 40.74% or $0.33 from last year’s $0.81 per share. PM’s profit will be $1.78B for 19.50 P/E if the $1.14 EPS becomes a reality. After $1.25 actual EPS reported by Philip Morris International Inc. for the previous quarter, Wall Street now forecasts -8.80% negative EPS growth.
More notable recent Philip Morris International Inc. (NYSE:PM) news were published by: Forbes.com which released: “January 2019 Options Now Available For Philip Morris International (PM)” on November 14, 2016, also Fool.com with their article: “Better Buy: Philip Morris International, Inc. vs. PepsiCo” published on October 26, 2016, Forbes.com published: “Philip Morris International is Now Oversold (PM)” on November 10, 2016. More interesting news about Philip Morris International Inc. (NYSE:PM) were released by: Businesswire.com and their article: “Philip Morris International Inc. Presents at the Morgan Stanley Global ..” published on November 16, 2016 as well as Fool.com‘s news article titled: “Why Japan Is Philip Morris International’s New Battleground” with publication date: November 11, 2016.
Philip Morris International Inc., incorporated on January 4, 2007, is a holding firm engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. The Company’s products are sold in over 180 markets. The Company’s divisions include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada. The Company’s premium price brands include Marlboro, Merit, Parliament and Virginia Slims; mid-price brands include L&M and Philip Morris, and other international brands include Bond Street, Chesterfield, Lark, Muratti, Next and Red & White. The Company’s local cigarette brands consist of Dji Sam Soe, Sampoerna and U Mild in Indonesia; Champion, Fortune and Hope in the Philippines; Apollo-Soyuzand Optima in Russia; Morven Gold in Pakistan; Boston in Colombia, Belmont, Canadian Classics and Number 7 in Canada; Best in Serbia; f6 in Germany; Delicados in Mexico; Assos in Greece, and Petra in the Czech Republic and Slovakia.
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