Philip Morris International Inc. Unusual Bearish Options Activity Means Higher Risks

 Philip Morris International Inc. Unusual Bearish Options Activity Means Higher Risks

In today’s session Philip Morris International Inc. (PM) recorded an unusually high (556) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious PM decrease. With 556 contracts traded and 16864 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: PM170120P00100000 closed last at: $6.3 or 0% . About 2.00 million shares traded hands. Philip Morris International Inc. (NYSE:PM) has declined 0.63% since March 14, 2016 and is downtrending. It has underperformed by 6.24% the S&P500.

Analysts await Philip Morris International Inc. (NYSE:PM) to report earnings on October, 20. They expect $1.20 earnings per share, down 3.23% or $0.04 from last year’s $1.24 per share. PM’s profit will be $1.85 billion for 19.91 P/E if the $1.20 EPS becomes a reality. After $1.15 actual earnings per share 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. Philip Morris International has been the topic of 20 analyst reports since August 24, 2015 according to StockzIntelligence Inc. The company was initiated on Tuesday, September 13 by Citigroup. The rating was maintained by JP Morgan with “Neutral” on Tuesday, April 19. Societe Generale upgraded the stock to “Hold” rating in Thursday, April 21 report. SBG Securities upgraded Philip Morris International Inc. (NYSE:PM) on Wednesday, July 20 to “Hold” rating. The company was maintained on Monday, October 3 by Goldman Sachs. Bank of America upgraded it to “Buy” rating and $110 target price in Thursday, March 24 report. The rating was maintained by Goldman Sachs on Wednesday, April 20 with “Neutral”. The stock of Philip Morris International Inc. (NYSE:PM) has “Neutral” rating given on Monday, November 30 by Nomura. The firm has “Hold” rating by Jefferies given on Wednesday, October 5. The firm has “Overweight” rating given on Friday, June 17 by JP Morgan.

According to Zacks Investment Research, “Philip Morris International is the leading international tobacco company, with products sold in over 160 countries. They own 7 of the top 15 brands in the world and have a strong mix of international and local products that seek to appeal to a wide array of adult smokers.”

Insitutional Activity: The institutional sentiment decreased to 0.89 in Q2 2016. Its down 0.08, from 0.97 in 2016Q1. The ratio dropped, 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.
Hsbc Holding Plc reported 1.52 million shares or 0.42% of all its holdings. Janney Mngmt Limited Com last reported 1.42% of its portfolio in the stock. Hawkins L P last reported 5.38% of its portfolio in the stock. Atria Investments Limited Liability Corp last reported 0.15% of its portfolio in the stock. The California-based Everett Harris Ca has invested 0.03% in Philip Morris International Inc. (NYSE:PM). First last reported 27,890 shares in the company. Advantus Management Incorporated has invested 0.43% of its portfolio in Philip Morris International Inc. (NYSE:PM). Advisor Partners Ltd Liability Co, a California-based fund reported 25,005 shares. Garde Cap last reported 5,379 shares in the company. Arvest Retail Bank Tru Division has 0.03% invested in the company for 3,948 shares. Tarbox Gp last reported 4,892 shares in the company. Lourd Capital Limited Liability Company has 0.17% invested in the company for 5,883 shares. Moreover, Stifel Financial Corp has 0.55% invested in Philip Morris International Inc. (NYSE:PM) for 1.16 million shares. Agf Invs America Incorporated accumulated 2.21% or 48,080 shares. Clarkston Llc owns 11,500 shares or 0.06% of their US portfolio.

Insider Transactions: Since April 25, 2016, the stock had 0 insider purchases, and 1 sale for $3.23 million net activity. CAMILLERI LOUIS C sold $3.23 million worth of Philip Morris International Inc. (NYSE:PM) on Monday, April 25.

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 $147.71 billion. The Company’s products are sold in over 180 markets. It has a 22.83 P/E ratio. The Company’s divisions include European Union; Eastern Europe, Middle East & Africa; Asia, and Latin America & Canada.

PM Company Profile

Philip Morris International Inc., incorporated on January 4, 2007, 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’s products are sold in over 180 markets. The Company’s divisions include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada. The Company’s premium price brands include Marlboro, Merit, Parliament and Virginia Slims; mid-price brands include L&M and Philip Morris, and other international brands include Bond Street, Chesterfield, Lark, Muratti, Next and Red & White. The Company’s local cigarette brands consist of Dji Sam Soe, Sampoerna and U Mild in Indonesia; Champion, Fortune and Hope in the Philippines; Apollo-Soyuzand Optima in Russia; Morven Gold in Pakistan; Boston in Colombia, Belmont, Canadian Classics and Number 7 in Canada; Best in Serbia; f6 in Germany; Delicados in Mexico; Assos in Greece, and Petra in the Czech Republic and Slovakia.

More notable recent Philip Morris International Inc. (NYSE:PM) news were published by: Fool.com which released: “Philip Morris International and the Science of Reduced-Risk Products” on October 17, 2016, also Businesswire.com with their article: “Philip Morris International Recognized as Top Employer in Africa” published on October 14, 2016, Businesswire.com published: “Philip Morris International Inc. to Host Webcast of 2016 Third-Quarter Results” on October 11, 2016. More interesting news about Philip Morris International Inc. (NYSE:PM) were released by: Fool.com and their article: “Better Buy: Philip Morris International Inc. vs. Reynolds American, Inc.” published on September 22, 2016 as well as Businesswire.com‘s news article titled: “Philip Morris International Inc. Hosts Investor Day; Revises for Currency, and …” with publication date: September 29, 2016.

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