Can Philip Morris International Inc.’s Tomorrow Be Different? Option Trader Are Very Bearish

 Can Philip Morris International Inc.'s Tomorrow Be Different? Option Trader Are Very Bearish

In today’s session Philip Morris International Inc. (PM) recorded an unusually high (4,704) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious PM decrease. With 4,704 contracts traded and 6764 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: PM161021P00095000 closed last at: $0.99 or 4.2% up. About 5.53M shares traded hands or 41.79% up from the average. Philip Morris International Inc. (NYSE:PM) has risen 6.42% since March 1, 2016 and is uptrending. It has underperformed by 2.82% the S&P500.

Analysts await Philip Morris International Inc. (NYSE:PM) to report earnings on October, 20. They expect $1.20 EPS, down 3.23% or $0.04 from last year’s $1.24 per share. PM’s profit will be $1.86B for 20.05 P/E if the $1.20 EPS becomes a reality. After $1.15 actual EPS reported by Philip Morris International Inc. for the previous quarter, Wall Street now forecasts 4.35% EPS growth.

Philip Morris International Inc. (NYSE:PM) Ratings Coverage

Out of 12 analysts covering Philip Morris International (NYSE:PM), 6 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 50% are positive. $116 is the highest target while $80 is the lowest. The $96.46 average target is 0.21% above today’s ($96.26) stock price. Philip Morris International has been the topic of 19 analyst reports since August 24, 2015 according to StockzIntelligence Inc. The stock of Philip Morris International Inc. (NYSE:PM) earned “Buy” rating by Bank of America on Thursday, March 24. Nomura upgraded Philip Morris International Inc. (NYSE:PM) on Monday, November 30 to “Neutral” rating. The company was upgraded on Wednesday, July 20 by SBG Securities. The rating was upgraded by JP Morgan on Friday, June 17 to “Overweight”. Citigroup initiated the stock with “Neutral” rating in Tuesday, September 13 report. The firm has “Hold” rating by Societe Generale given on Thursday, April 21. The company was maintained on Monday, October 3 by Goldman Sachs. The firm earned “Neutral” rating on Wednesday, April 20 by Goldman Sachs. JP Morgan maintained the shares of PM in a report on Tuesday, April 19 with “Neutral” rating. The rating was upgraded by Goldman Sachs to “Buy” on Monday, September 12.

Insitutional Activity: The institutional sentiment decreased to 0.89 in Q2 2016. Its down 0.08, from 0.97 in 2016Q1. The ratio fall, 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.
Alyeska Inv Group Lp has 463,916 shares for 0.48% of their US portfolio. Heritage Invsts owns 147,931 shares or 1.14% of their US portfolio. Alpha Windward Limited reported 681 shares or 0.05% of all its holdings. Endowment Management L P has 3.48% invested in the company for 160,640 shares. State Of Wisconsin Board has 0.63% invested in the company for 1.54M shares. Independent Consultants Inc holds 0.62% or 19,502 shares in its portfolio. Hartford Financial Management Inc has invested 0.27% of its portfolio in Philip Morris International Inc. (NYSE:PM). Martin Currie accumulated 2.31% or 235,800 shares. Braver Wealth Limited Liability Corp has invested 0.06% of its portfolio in Philip Morris International Inc. (NYSE:PM). Regal Investment Advisors Limited Liability Company accumulated 0.08% or 2,875 shares. Kcg Holdings has invested 0.21% of its portfolio in Philip Morris International Inc. (NYSE:PM). Moreover, Assetmark Incorporated has 0.05% invested in Philip Morris International Inc. (NYSE:PM) for 30,744 shares. Dimensional Fund Limited Partnership last reported 2.40M shares in the company. Deltec Asset Lc has 46,015 shares for 1.18% of their US portfolio. Noesis Mangement Corporation last reported 17,076 shares in the company.

Insider Transactions: Since April 25, 2016, the stock had 0 insider purchases, and 1 insider sale for $3.23 million net activity. 33,340 Philip Morris International Inc. (NYSE:PM) shares with value of $3.23M were sold by CAMILLERI LOUIS C.

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 $149.39 billion. The Company’s products are sold in over 180 markets. It has a 22.96 P/E ratio. The Company’s divisions include European Union; Eastern Europe, Middle East & Africa; Asia, and Latin America & Canada.

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