Philip Morris International Inc. (NYSE:PM) Director Jun Makihara purchased 2,000 shares of the business’s stock in a transaction dated Thursday, November 17th. The shares were purchased at an average cost of $89.22 per share, with a total value of $178,440.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Philip Morris International Inc. (NYSE:PM) traded up 0.59% during mid-day trading on Monday, hitting $89.62. The stock had a trading volume of 5,408,562 shares. The stock has a market capitalization of $139.03 billion, a P/E ratio of 21.44 and a beta of 0.91. The stock has a 50 day moving average of $94.72 and a 200-day moving average of $98.75. Philip Morris International Inc. has a 52 week low of $84.46 and a 52 week high of $104.20.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, October 18th. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.23 by $0.02. Philip Morris International had a negative return on equity of 59.94% and a net margin of 8.77%. The firm earned $6.98 billion during the quarter, compared to analysts’ expectations of $7.01 billion. During the same period in the prior year, the firm posted $1.24 earnings per share. The business’s quarterly revenue was up .8% compared to the same quarter last year. On average, equities research analysts predict that Philip Morris International Inc. will post $4.53 earnings per share for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sensato Investors LLC bought a new position in shares of Philip Morris International during the first quarter valued at approximately $6,112,000. Royal Bank of Canada boosted its position in shares of Philip Morris International by 2.7% in the first quarter. Royal Bank of Canada now owns 5,273,883 shares of the company’s stock valued at $517,421,000 after buying an additional 140,669 shares during the period. Squarepoint Ops LLC bought a new position in shares of Philip Morris International during the first quarter valued at approximately $829,000. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Philip Morris International by 2.5% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 237,023 shares of the company’s stock valued at $23,277,000 after buying an additional 5,731 shares during the period. Finally, Avalon Advisors LLC boosted its position in shares of Philip Morris International by 1.8% in the first quarter. Avalon Advisors LLC now owns 315,696 shares of the company’s stock valued at $30,973,000 after buying an additional 5,528 shares during the period. 71.01% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently weighed in on PM shares. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a $116.00 price target on shares of Philip Morris International in a research note on Saturday, October 15th. Jefferies Group set a $99.00 price objective on Philip Morris International and gave the company a “hold” rating in a research note on Wednesday, October 5th. Wells Fargo & Co. reissued an “outperform” rating and issued a $115.00 price objective on shares of Philip Morris International in a research note on Thursday, September 22nd. Vetr raised Philip Morris International from a “buy” rating to a “strong-buy” rating and set a $105.06 price objective on the stock in a research note on Thursday, November 10th. Finally, Zacks Investment Research downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research note on Friday, September 23rd. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $105.13.

About Philip Morris International

Philip Morris International Inc is a holding company 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. Its segments include European Union; Eastern Europe, Middle East & Africa; Asia, and Latin America & Canada.

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