Traders Sell Shares of Philip Morris International Inc. (PM) on Strength (PM)
Investors sold shares of Philip Morris International Inc. (NYSE:PM) on strength during trading hours on Thursday. $99.88 million flowed into the stock on the tick-up and $138.42 million flowed out of the stock on the tick-down, for a money net flow of $38.54 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 $1.77 for the day and closed at $99.10
Several research firms have recently commented on PM. SBG Securities upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating in a research report on Wednesday, July 20th. Zacks Investment Research upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating in a research report on Wednesday, July 20th. Wells Fargo & Co. reiterated an “outperform” rating on shares of Philip Morris International in a research report on Tuesday, July 19th. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a $105.00 price target (up from $99.00) on shares of Philip Morris International in a research report on Friday, July 15th. Finally, Vetr upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $105.50 price target on the stock in a research report on Monday, June 20th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $103.68.
The firm has a market cap of $153.74 billion and a price-to-earnings ratio of 23.71. The company’s 50-day moving average price is $100.81 and its 200 day moving average price is $96.86.
Philip Morris International (NYSE:PM) last released its earnings results on Tuesday, July 19th. The company reported $1.15 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by $0.05. During the same quarter in the prior year, the firm earned $1.21 EPS. The company had revenue of $6.65 billion for the quarter, compared to analyst estimates of $6.77 billion. On average, analysts forecast that Philip Morris International Inc. will post $4.49 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 11th. Investors of record on Thursday, June 23rd were issued a $1.02 dividend. The ex-dividend date was Tuesday, June 21st. This represents a $4.08 dividend on an annualized basis and a dividend yield of 4.12%.
Several hedge funds have added to or reduced their stakes in PM. Vanguard Group Inc. increased its stake in Philip Morris International by 3.3% in the fourth quarter. Vanguard Group Inc. now owns 94,208,305 shares of the company’s stock worth $8,281,852,000 after buying an additional 3,019,182 shares during the last quarter. BHF Kleinwort Benson Group S.A. acquired a new stake in Philip Morris International during the fourth quarter worth approximately $95,490,000. Cibc World Markets Corp acquired a new stake in Philip Morris International during the fourth quarter worth approximately $64,712,000. Old Mutual Global Investors UK Ltd. increased its stake in Philip Morris International by 136.6% in the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 453,593 shares of the company’s stock worth $39,875,000 after buying an additional 261,905 shares during the last quarter. Finally, Eaton Vance Management increased its stake in Philip Morris International by 22.8% in the fourth quarter. Eaton Vance Management now owns 997,985 shares of the company’s stock worth $87,733,000 after buying an additional 185,209 shares during 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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