Traders Buy Shares of Philip Morris International (PM) on Weakness

Investors bought shares of Philip Morris International Inc. (NYSE:PM) on weakness during trading on Monday. $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 equities 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

A number of equities analysts have commented on PM shares. Piper Jaffray Companies set a $130.00 price objective on shares of Philip Morris International and gave the stock a “buy” rating in a research note on Thursday, November 16th. Jefferies Group dropped their price objective on shares of Philip Morris International from $120.00 to $116.00 and set a “hold” rating for the company in a research note on Thursday, October 12th. Societe Generale raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday, October 20th. 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. Finally, Bank of America dropped their price objective 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 research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $124.54.

The company has a market cap of $162,880.00, a price-to-earnings ratio of 23.15, a PEG ratio of 1.89 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 released its earnings results on Thursday, October 19th. The company reported $1.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.38 by ($0.11). The firm 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%. Philip Morris International’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.25 EPS. equities research analysts anticipate that Philip Morris International Inc. will post 4.75 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, January 11th. Stockholders of record on Thursday, December 21st were issued a $1.07 dividend. The ex-dividend date of this dividend was Wednesday, December 20th. This represents a $4.28 annualized dividend and a dividend yield of 4.08%. Philip Morris International’s dividend payout ratio (DPR) is presently 94.48%.

In related news, Chairman Louis C. Camilleri sold 108,979 shares of Philip Morris International stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $108.38, for a total transaction of $11,811,144.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.23% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Charter Trust Co. raised its holdings in shares of Philip Morris International by 1.4% in the 2nd quarter. Charter Trust Co. now owns 6,120 shares of the company’s stock valued at $719,000 after purchasing an additional 83 shares in the last quarter. Country Club Trust Company n.a. bought a new stake in shares of Philip Morris International in the 2nd quarter valued at about $206,000. City Holding Co. raised its holdings in shares of Philip Morris International by 11.9% in the 2nd quarter. City Holding Co. now owns 6,416 shares of the company’s stock valued at $754,000 after purchasing an additional 681 shares in the last quarter. Koshinski Asset Management Inc. raised its holdings in shares of Philip Morris International by 8.9% in the 2nd quarter. Koshinski Asset Management Inc. now owns 2,729 shares of the company’s stock valued at $320,000 after purchasing an additional 222 shares in the last quarter. Finally, Dynamic Advisors Solutions LLC raised its holdings in shares of Philip Morris International by 3.8% in the 2nd quarter. Dynamic Advisors Solutions LLC now owns 10,496 shares of the company’s stock valued at $1,233,000 after purchasing an additional 381 shares in the last quarter. Institutional investors own 72.35% of the company’s stock.

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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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