Wednesday, October 25, 2017 10:15 PM ET
Insider at Philip Morris International (PM) Makes Significant Sale of Stock
There was a substantial sale of shares of Philip Morris International by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Louis C Camilleri, Director — disposed of 108,979 shares in the company having a market value of approximately $11,811,144. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 14,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 122,979 shares and have averaged 61,490 shares per transaction over this time period.
The level of buy/sell trading at Philip Morris International is is greater than the 10 peer company average over the last 90-day period. The Tobacco peer group saw 1 buy/sell trades during this period for an average of 0.1 transactions per company. The number of shares per buy/sell trade for Philip Morris International insiders was also higher. Within the peer group there were 0 shares purchased and 14,000 shares sold with company insiders disposing of 14,000 shares on average.
The data sourced in creating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
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