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. $90.25 million flowed into the stock on the tick-up and $111.24 million flowed out of the stock on the tick-down, for a money net flow of $20.99 million out of the stock. Of all stocks tracked, Philip Morris International had the 25th highest net out-flow for the day. Philip Morris International traded up $0.54 for the day and closed at $85.58

PM has been the subject of a number of research analyst reports. Piper Jaffray Companies set a $110.00 target price on Philip Morris International and gave the company a “buy” rating in a research report on Monday, December 3rd. Morgan Stanley decreased their target price on Philip Morris International from $102.00 to $80.00 and set an “overweight” rating for the company in a research report on Tuesday, January 8th. ValuEngine cut Philip Morris International from a “hold” rating to a “sell” rating in a research report on Monday, December 31st. Jefferies Financial Group reissued a “hold” rating and issued a $80.00 target price on shares of Philip Morris International in a research report on Sunday, February 10th. Finally, Zacks Investment Research raised Philip Morris International from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research report on Thursday, February 14th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $91.15.

The stock has a market capitalization of $132.20 billion, a price-to-earnings ratio of 16.78, a P/E/G ratio of 1.76 and a beta of 0.91.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Thursday, February 7th. The company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.09. Philip Morris International had a negative return on equity of 76.82% and a net margin of 9.90%. The company had revenue of $7.50 billion during the quarter, compared to analysts’ expectations of $7.46 billion. During the same period last year, the firm earned $1.32 EPS. The firm’s revenue for the quarter was down 9.6% on a year-over-year basis. On average, equities analysts predict that Philip Morris International Inc. will post 5.4 EPS for the current fiscal year.

In other news, Director Louis C. Camilleri sold 59,495 shares of the stock in a transaction that occurred on Thursday, November 29th. The stock was sold at an average price of $86.98, for a total transaction of $5,174,875.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.22% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Essex Investment Management Co. LLC purchased a new position in Philip Morris International in the 4th quarter valued at approximately $27,000. Transamerica Financial Advisors Inc. increased its stake in Philip Morris International by 552.8% in the 4th quarter. Transamerica Financial Advisors Inc. now owns 470 shares of the company’s stock valued at $32,000 after purchasing an additional 398 shares in the last quarter. Clean Yield Group purchased a new position in Philip Morris International in the 4th quarter valued at approximately $37,000. Claybrook Capital LLC purchased a new position in Philip Morris International in the 4th quarter valued at approximately $39,000. Finally, Litman Gregory Asset Management LLC purchased a new position in Philip Morris International in the 4th quarter valued at approximately $40,000. 73.37% of the stock is owned by institutional investors and hedge funds.

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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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