Economy

Philip Morris International Sees Unusually Large Options Volume (PM)

Philip Morris International Sees Unusually Large Options Volume (PM)

The institutional investor owned 1,682,534 shares of the company's stock after selling 304,338 shares during the period. Baillie Gifford & Co.'s holdings in Philip Morris International were worth $9,752,000 as of its most recent SEC filing. Meeder Asset Management Inc. now owns 57,379 shares of the company's stock worth $5,578,000 after buying an additional 10,164 shares during the period. Oakbrook Investments LLC boosted its position in shares of Philip Morris International by 34.6% in the third quarter. 1st Global Advisors Inc. now owns 19,259 shares of the company's stock worth $1,872,000 after buying an additional 770 shares during the period. Toth Financial Advisory Corp now owns 8,236 shares of the company's stock worth $801,000 after buying an additional 125 shares during the last quarter. Add cigarette giant Philip Morris International to the mix. In fact, the company actually increased its earnings projections for 2017, now expecting bottom-line figures between $4.84 and $4.99 per share. Financial Advisory Service Inc. increased its stake in Philip Morris International by 0.3% in the third quarter. Nicholas Co. Inc. WI now owns 606,755 shares of the company's stock valued at $55,512,000 after buying an additional 37,840 shares during the period. Philip Morris International Inc. (NYSE:PM) opened at 113.91 on Thursday. Meeder Asset Management Inc. boosted its stake in shares of Philip Morris International by 21.5% in the third quarter. The company has a market capitalization of $175.40 billion, a price-to-earnings ratio of 25.24 and a beta of 0.94. Extending back, their 50-Day Simple Moving Average is -0.39%, looking even further back, their 200-Day Simple Moving Average stands at 11.45%. Philip Morris International also was the target of some unusual options trading on Thursday.

A gap is a space between prices that occurs when the price of a stock makes a move down or up when there is no trading happening in between. This is an increase of 487% compared to the typical volume of 179 put options.

Heading into the earnings release, covering analysts have a consensus target price of $114.14 on Philip Morris International Inc. shares. This was up from $1.53 billion, or $0.98 per share, in last year's first quarter. Philip Morris International had a net margin of 9.30% and a negative return on equity of 64.94%. The firm earned $7 billion during the quarter, compared to analysts' expectations of $6.68 billion. Philip Morris International's revenue for the quarter was down.3% on a year-over-year basis.

The company raised its 2017 diluted EPS guidance to a range of $4.84 to $4.99, which excludes foreign exchange effects and a favorable tax item of $0.04 per share recorded in the first quarter.

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 11th. This represents a $4.16 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend was Tuesday, March 21st. Philip Morris International's dividend payout ratio (DPR) is presently 92.86%.

TRADEMARK VIOLATION NOTICE: "Baillie Gifford & Co".

While PM fell following its earnings and revenue miss, online-auction operator eBay managed to top its earnings estimates. If you are accessing this piece of content on another domain, it was illegally stolen and reposted in violation of USA and global copyright laws.

Foundry Partners LLC cut its position in Philip Morris International Inc.

Several brokerages recently weighed in on PM. Jefferies Group LLC restated a "hold" rating and issued a $104.00 price target on shares of Philip Morris International in a research report on Friday, March 24th. Cornerstone Advisors Inc. increased its position in Philip Morris International by 1.1% in the third quarter.


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