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 on Tuesday. $63.78 million flowed into the stock on the tick-up and $102.08 million flowed out of the stock on the tick-down, for a money net flow of $38.30 million out of the stock. Of all stocks tracked, Philip Morris International had the 31st highest net out-flow for the day. Philip Morris International traded up $0.82 for the day and closed at $103.36
A number of equities research analysts have issued reports on the company. Zacks Investment Research cut Philip Morris International from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. Piper Jaffray Companies set a $134.00 target price on Philip Morris International and gave the company a “buy” rating in a research note on Saturday, August 19th. Goldman Sachs Group, Inc. (The) upgraded Philip Morris International from a “buy” rating to a “conviction-buy” rating and set a $135.00 target price on the stock in a research note on Thursday, September 28th. SBG Securities upgraded Philip Morris International from a “sell” rating to a “hold” rating and raised their target price for the company from $118.00 to $119.00 in a research note on Friday, August 11th. Finally, BidaskClub upgraded Philip Morris International from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $124.23.
The company has a current ratio of 1.13, a quick ratio of 0.68 and a debt-to-equity ratio of -2.91. The firm has a market capitalization of $160,540.00, a P/E ratio of 22.86, a price-to-earnings-growth ratio of 2.07 and a beta of 0.91.
Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, October 19th. The company reported $1.27 earnings per share for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.11). Philip Morris International had a net margin of 9.32% and a negative return on equity of 67.59%. The company had revenue of $7.50 billion for the quarter, compared to the consensus estimate of $7.75 billion. During the same quarter in the prior year, the firm earned $1.25 earnings per share. Philip Morris International’s revenue for the quarter was up 7.4% compared to the same quarter last year. sell-side analysts expect that Philip Morris International Inc will post 4.75 earnings per share for the current fiscal year.
In related news, insider Drago Azinovic sold 14,000 shares of Philip Morris International stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $116.00, for a total transaction of $1,624,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Louis C. Camilleri sold 108,979 shares of Philip Morris International stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $108.38, for a total value of $11,811,144.02. The disclosure for this sale can be found here. 0.23% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Philip Morris International by 2.7% during the second quarter. Vanguard Group Inc. now owns 111,475,174 shares of the company’s stock worth $13,092,759,000 after acquiring an additional 2,972,929 shares during the period. BlackRock Inc. grew its holdings in Philip Morris International by 2.7% during the second quarter. BlackRock Inc. now owns 91,796,829 shares of the company’s stock worth $10,781,538,000 after acquiring an additional 2,421,533 shares during the period. State Street Corp grew its holdings in Philip Morris International by 1.8% during the first quarter. State Street Corp now owns 59,926,871 shares of the company’s stock worth $6,766,079,000 after acquiring an additional 1,058,408 shares during the period. FMR LLC increased its stake in Philip Morris International by 12.5% in the 2nd quarter. FMR LLC now owns 20,919,201 shares of the company’s stock worth $2,456,960,000 after purchasing an additional 2,330,864 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in Philip Morris International by 2.9% in the 2nd quarter. Legal & General Group Plc now owns 7,422,457 shares of the company’s stock worth $871,687,000 after purchasing an additional 210,869 shares in the last quarter. 72.90% of the stock is currently owned by hedge funds and other institutional investors.
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Philip Morris International Company Profile
Philip Morris International Inc is a holding company. The Company is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada.
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