Philip Morris International (NYSE:PM) insider Jerry Whitson bought 3,000 shares of the firm’s stock in a transaction dated Wednesday, April 25th. The stock was bought at an average cost of $82.76 per share, with a total value of $248,280.00. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

NYSE:PM opened at $82.56 on Friday. The company has a debt-to-equity ratio of -2.82, a quick ratio of 0.80 and a current ratio of 1.16. Philip Morris International has a one year low of $80.47 and a one year high of $123.55. The stock has a market capitalization of $127,069.74, a P/E ratio of 16.75, a price-to-earnings-growth ratio of 1.56 and a beta of 0.86.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, February 8th. The company reported $1.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.35 by ($0.04). Philip Morris International had a net margin of 7.50% and a negative return on equity of 72.40%. The firm had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.17 billion. During the same quarter in the previous year, the company earned $1.10 EPS. The company’s quarterly revenue was up 19.0% compared to the same quarter last year. equities research analysts predict that Philip Morris International will post 5.27 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 11th. Shareholders of record on Thursday, March 22nd were paid a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 5.18%. The ex-dividend date was Wednesday, March 21st. Philip Morris International’s payout ratio is currently 86.82%.

Several equities research analysts have recently weighed in on PM shares. Citigroup raised Philip Morris International from a “neutral” rating to a “buy” rating and set a $125.00 target price for the company in a research report on Wednesday, February 28th. They noted that the move was a valuation call. Bank of America downgraded Philip Morris International from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $113.00 to $88.00 in a research report on Friday, April 20th. Morgan Stanley boosted their price target on Philip Morris International from $120.00 to $123.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 30th. Piper Jaffray reiterated a “buy” rating and issued a $126.00 price target on shares of Philip Morris International in a research note on Thursday, February 8th. Finally, Zacks Investment Research upgraded Philip Morris International from a “sell” rating to a “hold” rating in a research note on Tuesday, January 23rd. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $116.86.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. raised its stake in Philip Morris International by 14.1% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 156,885 shares of the company’s stock valued at $16,575,000 after buying an additional 19,393 shares in the last quarter. Certified Advisory Corp acquired a new stake in Philip Morris International during the fourth quarter valued at approximately $130,000. Ackerman Capital Advisors LLC acquired a new stake in Philip Morris International during the fourth quarter valued at approximately $229,000. Fairfield Bush & CO. raised its stake in Philip Morris International by 1.0% during the fourth quarter. Fairfield Bush & CO. now owns 53,498 shares of the company’s stock valued at $5,652,000 after buying an additional 553 shares in the last quarter. Finally, D.B. Root & Company LLC bought a new position in shares of Philip Morris International during the fourth quarter valued at approximately $958,000. Hedge funds and other institutional investors own 72.25% of the company’s stock.

About Philip Morris International

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, Philip Morris, Merit, Virginia S., Muratti, and Next.

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