Traders Buy Philip Morris International (PM) on Weakness

Traders bought shares of Philip Morris International Inc. (NYSE:PM) on weakness during trading hours on Friday. $153.09 million flowed into the stock on the tick-up and $101.58 million flowed out of the stock on the tick-down, for a money net flow of $51.51 million into the stock. Of all stocks tracked, Philip Morris International had the 14th highest net in-flow for the day. Philip Morris International traded down ($0.36) for the day and closed at $104.50

PM has been the subject of several research analyst reports. Zacks Investment Research raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $140.00 price target on shares of Philip Morris International in a research note on Tuesday, October 10th. Goldman Sachs Group raised shares of Philip Morris International from a “buy” rating to a “conviction-buy” rating and set a $135.00 price target for the company in a research note on Thursday, September 28th. Piper Jaffray Companies set a $130.00 price target on shares of Philip Morris International and gave the company a “buy” rating in a research note on Thursday, November 16th. Finally, Bank of America decreased their price target on shares of Philip Morris International from $124.00 to $121.00 and set a “neutral” rating for the company in a research note on Friday, October 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $124.77.

The firm has a market capitalization of $162,310.00, a P/E ratio of 23.07, a P/E/G ratio of 1.90 and a beta of 0.89. The company has a debt-to-equity ratio of -2.91, a current ratio of 1.13 and a quick ratio of 0.68.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, October 19th. The company reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.11). The business had revenue of $7.50 billion during the quarter, compared to the consensus estimate of $7.75 billion. Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the firm earned $1.25 EPS. equities analysts predict that Philip Morris International Inc. will post 4.75 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 11th. Investors of record on Thursday, December 21st were paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date of this dividend was Wednesday, December 20th. Philip Morris International’s dividend payout ratio (DPR) is 94.48%.

In related news, Chairman Louis C. Camilleri sold 108,979 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $108.38, for a total value of $11,811,144.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.23% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Guidant Wealth Advisors grew its holdings in Philip Morris International by 25.5% in the second quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock worth $110,000 after purchasing an additional 191 shares during the last quarter. Vantage Investment Advisors LLC grew its holdings in Philip Morris International by 1.0% in the second quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock worth $121,000 after purchasing an additional 10 shares during the last quarter. Acropolis Investment Management LLC grew its holdings in Philip Morris International by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock worth $123,000 after purchasing an additional 5 shares during the last quarter. Financial Engines Advisors L.L.C. grew its holdings in Philip Morris International by 399.2% in the third quarter. Financial Engines Advisors L.L.C. now owns 1,203 shares of the company’s stock worth $134,000 after purchasing an additional 962 shares during the last quarter. Finally, Bank of Nova Scotia Trust Co. purchased a new position in Philip Morris International in the third quarter worth $135,000. 72.36% of the stock is currently owned by institutional investors and hedge funds.

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About Philip Morris International

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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