What’s in Philip Morris International Inc. After Today’s Bearish Options Activity?

 What's in Philip Morris International Inc. After Today's Bearish Options Activity?

In today’s session Philip Morris International Inc. (PM) recorded an unusually high (292) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious PM decrease. With 292 contracts traded and 14734 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: PM161118P00097500 closed last at: $0.93 or 23.8% down. About 3.88 million shares traded hands. Philip Morris International Inc. (NYSE:PM) has declined 6.47% since April 8, 2016 and is downtrending. It has underperformed by 12.12% the S&P500.

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 $96.76 average target is 5.53% above today’s ($91.69) stock price. Philip Morris International has been the topic of 20 analyst reports since August 24, 2015 according to StockzIntelligence Inc. The stock has “Overweight” rating given by JP Morgan on Friday, June 17. Goldman Sachs maintained Philip Morris International Inc. (NYSE:PM) on Monday, October 3 with “Buy” rating. The rating was upgraded by Bank of America to “Buy” on Thursday, March 24. The firm has “Hold” rating by Jefferies given on Wednesday, October 5. The stock of Philip Morris International Inc. (NYSE:PM) has “Neutral” rating given on Tuesday, April 19 by JP Morgan. The stock of Philip Morris International Inc. (NYSE:PM) earned “Hold” rating by Jefferies on Wednesday, September 21. On Thursday, April 21 the stock rating was upgraded by Societe Generale to “Hold”. The firm earned “Neutral” rating on Wednesday, April 20 by Goldman Sachs. The stock has “Neutral” rating given by Nomura on Monday, November 30. The company was upgraded on Tuesday, March 8 by BNP Paribas.

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 2016 Q2. Its down 0.08, from 0.97 in 2016Q1. The ratio worsened, 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.
Williams Jones And Assoc Ltd accumulated 0.11% or 22,490 shares. Deutsche Natl Bank Ag holds 0.76% of its portfolio in Philip Morris International Inc. (NYSE:PM) for 10.58M shares. Diam Limited owns 314,445 shares or 0.47% of their US portfolio. Marco Mngmt Limited Liability Com has invested 0.15% of its portfolio in Philip Morris International Inc. (NYSE:PM). Noesis Mangement Corp has 0.77% invested in the company for 17,076 shares. Midwest Inv Mngmt Limited has 0.22% invested in the company for 2,675 shares. Everest Cap Ltd Liability Co holds 20,000 shares or 49.48% of its portfolio. Rwc Asset Llp has 113,557 shares for 0.77% of their US portfolio. The Vermont-based Sentinel Asset Management has invested 0.89% in Philip Morris International Inc. (NYSE:PM). Cornerstone accumulated 0.12% or 1,142 shares. The British Columbia – Canada-based Connor Clark Lunn Investment has invested 0.26% in Philip Morris International Inc. (NYSE:PM). Pictet Asset Management Ltd owns 1.33 million shares or 0.51% of their US portfolio. Hyman Charles D last reported 1.17% of its portfolio in the stock. Ruane Cunniff And Goldfarb Incorporated holds 0.01% or 6,385 shares in its portfolio. First Niagara Retail Bank accumulated 67,680 shares or 1.97% of the stock.

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 $137.14 billion. The Company’s products are sold in over 180 markets. It has a 21.92 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: Businesswire.com which released: “Philip Morris International Inc. to Webcast Presentation at the Morgan Stanley …” on November 09, 2016, also Seekingalpha.com with their article: “Philip Morris Is Far From Garbage” published on November 09, 2016, Fool.com published: “Better Buy: Philip Morris International, Inc. vs. PepsiCo” on October 26, 2016. More interesting news about Philip Morris International Inc. (NYSE:PM) were released by: Wsj.com and their article: “Philip Morris Earnings Flat as Cigarette Shipments Decline” published on October 18, 2016 as well as Businesswire.com‘s news article titled: “Philip Morris International Inc. to Host Webcast of 2016 Third-Quarter Results” with publication date: October 11, 2016.

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