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.
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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