Director Camilleri Louis C sold 59,495 shares in Philip Morris International Inc. (NYSE:PM) for $501,925 in transaction occurred on 2018/11/29. After making this transaction, the Director owns a direct stake of 5,174,875 shares, worth $34,883,788, as per the last closing price. On 2018/05/14 Li Jennifer, Director at PM, purchased 40,000 shares at an average price of $81.3 per share. The new stake is valued at $4,331,449.
Separately, it had been reported that some other PM insiders also took part of the insider trading activity. Director, Geissler Werner had invested in 48,750 shares for $58,026 through a trade on 2018/05/11. Following this activity, the insider holds 3,970,200 shares worth $4,032,807 as of recent close. Wall Street’s most bullish Philip Morris International Inc. (NYSE:PM) analysts are predicting the share price to blow past $110 per share during the next 12 months. The current median share price forecast by them is $92, suggesting that the stock could increase 32.37% in that time frame. The average price target of $90.32 calls for a nearly 29.96% increase in the stock price.
Philip Morris International Inc. (PM) trading activity significantly weakened as the volume at ready counter decreased to 7,147,514 shares versus 9,234,930 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 7,124,712 shares. The share price rose 1.98% in recent trade and currently has a stock-market value of $108.07B. The shares finished at $69.5, after trading as low as $67.83 earlier in the session. It hit an intraday high Friday at $69.52. The stock is now 7.47% above against its bear-market low of $64.67 on December 27, 2018. It has retreated -60.07% since it’s 52-week high of $111.25 reached in January. Now the market price is down -34.2% on the year and up 4.1% YTD.
PM’s 50 day simple moving average (SMA 50) price is $80.16 and its 200-day simple moving average (SMA 200) price is $83.04. The company’s stock currently has a total float of 1.55B shares. Its weekly volatility is hovering around 1.8% and felt 3.11% volatility in price over a month. On the upside, the share price will test short term resistance at around $70.07. On a downside, the stock is likely to find some support, which begins at $68.38. The failure to get near-term support could push it to $67.26.
It had seen a negative analyst call from Credit Suisse, which downgraded the stock from Neutral to Underperform on December 18. Analysts at Bernstein, started covering the stock on October 16 with a Outperform rating. The stock lost favor of Jefferies analysts who expressed their lack of confidence in it using a downgrade from Buy to Hold on August 24.
When looking at valuations, Philip Morris International Inc. (PM) has a cheap P/E of 13.05x as compared to industry average of 30.07x. Moreover, it trades for 13.15 times the next 12 months of expected earnings. Compared to others, Philip Morris International Inc. is in a different league with regards to profitability, having net margins of 22%. To put some perspective around this, the industry’s average net margin is 12.67%. PM’s ROE is -55.6%, which is also considerably worse than the industry’s ROE of 37.76%. It’s also very liquid in the near term, with a current ratio of 1.2. The stock has a debt/capital of 0.
Shares of Philip Morris International Inc. (PM) have dropped -17.8% since the company’s Mar-19 earnings report. Over the past 12 fiscal quarters, Philip Morris International Inc. (NYSE:PM) has topped consensus earnings estimates in 4 quarters (33%), missed earnings in 7 quarters (58%), whereas at 1 occasion EPS met analyst expectations. PM last reported earnings on October 18, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $1.44 per share, -88.68% change on the same period last year. That was better than consensus for $1.28. Revenue for the recent quarter stood at $7.5 billion, down 0% on last year and above the $7.17 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $6.48 billion to $6.94 billion, which should be compared with $7.49 billion generated last year. EPS is seen in a range of $1.33 to $1.42, against the $1.43 reported a year ago.