On October 31, 2024, Stefano Volpetti, President of Smoke-Free and Chief Consumer Officer at Philip Morris International Inc (PM, Financial), sold 10,000 shares of the company. The transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 91,780 shares of Philip Morris International Inc.
Philip Morris International Inc is a leading international tobacco company engaged in the manufacture and sale of cigarettes and other nicotine-containing products in markets outside the United States. The company's portfolio includes both combustible and reduced-risk products, aimed at providing adult smokers with alternatives to traditional cigarettes.
Over the past year, Stefano Volpetti has sold a total of 10,000 shares and has not made any purchases of the company's stock. This recent sale is part of a broader trend within the company, where there have been 15 insider sells and no insider buys over the past year.
Shares of Philip Morris International Inc were trading at $132.48 on the day of the sale, giving the company a market cap of approximately $203.14 billion. The price-earnings ratio of the company stands at 20.74, which is above both the industry median of 12.06 and the company's historical median.
The stock is currently considered Modestly Overvalued according to the GF Value, with a price-to-GF-Value ratio of 1.18. The GF Value of $112.17 is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates.
This insider sale might interest investors tracking insider behaviors, especially in the context of the company's valuation and stock performance trends.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
