Traders Sell Shares of Philip Morris International (PM) on Strength (PM)

Traders sold shares of Philip Morris International Inc. (NYSE:PM) on strength during trading hours on Thursday. $44.42 million flowed into the stock on the tick-up and $100.88 million flowed out of the stock on the tick-down, for a money net flow of $56.46 million out of the stock. Of all stocks tracked, Philip Morris International had the 9th highest net out-flow for the day. Philip Morris International traded up $0.41 for the day and closed at $89.48

PM has been the subject of several recent analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a $93.00 target price on shares of Philip Morris International in a research report on Friday, July 13th. Morgan Stanley decreased their target price on Philip Morris International from $111.00 to $102.00 and set an “overweight” rating for the company in a research report on Tuesday, July 17th. Cowen cut Philip Morris International from an “outperform” rating to a “market perform” rating and set a $97.00 target price for the company. in a research report on Friday, July 20th. Citigroup set a $90.00 target price on Philip Morris International and gave the stock a “buy” rating in a research report on Friday, July 20th. Finally, Stifel Nicolaus decreased their target price on Philip Morris International from $100.00 to $93.00 and set a “buy” rating for the company in a research report on Friday, July 20th. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company’s stock. Philip Morris International has a consensus rating of “Buy” and an average price target of $98.08.

The stock has a market cap of $138.00 billion, a PE ratio of 18.15, a price-to-earnings-growth ratio of 2.03 and a beta of 0.58.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, October 18th. The company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.16. The firm had revenue of $7.50 billion during the quarter, compared to analysts’ expectations of $7.16 billion. Philip Morris International had a negative return on equity of 78.80% and a net margin of 8.20%. The business’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter last year, the firm earned $1.27 earnings per share. As a group, analysts predict that Philip Morris International Inc. will post 5.01 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Wednesday, September 26th were given a dividend of $1.14 per share. The ex-dividend date was Tuesday, September 25th. This represents a $4.56 dividend on an annualized basis and a yield of 5.10%. Philip Morris International’s payout ratio is 92.49%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Alerus Financial NA raised its holdings in Philip Morris International by 11.3% during the second quarter. Alerus Financial NA now owns 87,413 shares of the company’s stock valued at $7,058,000 after buying an additional 8,897 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Philip Morris International by 11.2% during the second quarter. Envestnet Asset Management Inc. now owns 201,092 shares of the company’s stock valued at $16,235,000 after buying an additional 20,196 shares in the last quarter. Zacks Investment Management raised its holdings in Philip Morris International by 7.4% during the second quarter. Zacks Investment Management now owns 527,234 shares of the company’s stock valued at $42,569,000 after buying an additional 36,303 shares in the last quarter. IMA Wealth Inc. bought a new position in Philip Morris International during the second quarter valued at about $149,000. Finally, Jupiter Asset Management Ltd. raised its holdings in Philip Morris International by 102.3% during the second quarter. Jupiter Asset Management Ltd. now owns 72,816 shares of the company’s stock valued at $5,879,000 after buying an additional 36,816 shares in the last quarter. 72.76% of the stock is owned by hedge funds and other institutional investors.

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Philip Morris International Company Profile (NYSE:PM)

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, Philip Morris, Merit, Virginia S., Muratti, and Next.

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