Traders Sell Philip Morris International Inc. (PM) on Strength (PM)
Traders sold shares of Philip Morris International Inc. (NYSE:PM) on strength during trading on Friday. $85.51 million flowed into the stock on the tick-up and $163.38 million flowed out of the stock on the tick-down, for a money net flow of $77.87 million out of the stock. Of all stocks tracked, Philip Morris International had the 0th highest net out-flow for the day. Philip Morris International traded up $1.16 for the day and closed at $100.26
A number of brokerages recently issued reports on PM. SBG Securities upgraded Philip Morris International from a “sell” rating to a “hold” rating in a report on Wednesday, July 20th. Vetr cut Philip Morris International from a “buy” rating to a “hold” rating and set a $102.86 target price on the stock. in a report on Thursday, May 5th. JPMorgan Chase & Co. lifted their target price on Philip Morris International from $90.00 to $98.00 and gave the stock a “neutral” rating in a report on Tuesday, April 19th. Wells Fargo & Co. restated an “outperform” rating on shares of Philip Morris International in a report on Tuesday, July 19th. Finally, Credit Suisse Group AG lifted their target price on Philip Morris International from $83.00 to $93.00 and gave the stock a “neutral” rating in a report on Friday, April 8th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Philip Morris International presently has an average rating of “Buy” and an average target price of $103.68.
The firm has a 50 day moving average price of $100.76 and a 200 day moving average price of $96.94. The company has a market capitalization of $155.54 billion and a P/E ratio of 23.99.
Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Tuesday, July 19th. The company reported $1.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.20 by $0.05. The firm earned $6.65 billion during the quarter, compared to the consensus estimate of $6.77 billion. During the same quarter in the prior year, the business posted $1.21 earnings per share. Equities analysts expect that Philip Morris International Inc. will post $4.49 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 11th. Investors of record on Thursday, June 23rd were given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date was Tuesday, June 21st.
Other hedge funds have recently added to or reduced their stakes in the company. Clarkston Capital Partners LLC boosted its stake in Philip Morris International by 0.7% in the fourth quarter. Clarkston Capital Partners LLC now owns 11,880 shares of the company’s stock worth $1,044,000 after buying an additional 80 shares in the last quarter. Brown Advisory Securities LLC boosted its stake in Philip Morris International by 1.0% in the fourth quarter. Brown Advisory Securities LLC now owns 13,287 shares of the company’s stock worth $1,170,000 after buying an additional 130 shares in the last quarter. Pettyjohn Wood & White Inc. boosted its stake in Philip Morris International by 26.2% in the fourth quarter. Pettyjohn Wood & White Inc. now owns 13,862 shares of the company’s stock worth $1,219,000 after buying an additional 2,876 shares in the last quarter. New Jersey Better Educational Savings Trust boosted its stake in Philip Morris International by 33.3% in the fourth quarter. New Jersey Better Educational Savings Trust now owns 16,000 shares of the company’s stock worth $1,407,000 after buying an additional 4,000 shares in the last quarter. Finally, Pitcairn Co. boosted its stake in Philip Morris International by 2.3% in the fourth quarter. Pitcairn Co. now owns 16,681 shares of the company’s stock worth $1,467,000 after buying an additional 375 shares in the last quarter.
Philip Morris International Inc is a holding company engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. The Company’s products are sold in over 180 markets. Its segments include European Union; Eastern Europe, Middle East & Africa; Asia, and Latin America & Canada.
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