Investors Sell Shares of Philip Morris International (PM) on Strength (PM)

Traders sold shares of Philip Morris International Inc. (NYSE:PM) on strength during trading on Monday. $64.10 million flowed into the stock on the tick-up and $147.29 million flowed out of the stock on the tick-down, for a money net flow of $83.19 million out of the stock. Of all stocks tracked, Philip Morris International had the 19th highest net out-flow for the day. Philip Morris International traded up $0.62 for the day and closed at $104.31

PM has been the topic of a number of research analyst reports. Piper Jaffray Companies restated a “buy” rating and set a $126.00 price target on shares of Philip Morris International in a research report on Thursday, February 8th. Jefferies Group upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $124.00 price target on the stock in a research report on Friday, January 19th. Zacks Investment Research upgraded Philip Morris International from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Bank of America decreased their price objective on Philip Morris International from $115.00 to $113.00 and set a “neutral” rating on the stock in a research report on Friday, February 9th. Finally, Citigroup decreased their price objective on Philip Morris International from $117.00 to $114.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 16th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $123.79.

The firm has a market capitalization of $162,010.00, a PE ratio of 26.88, a P/E/G ratio of 1.96 and a beta of 0.85. The company has a current ratio of 1.35, a quick ratio of 0.80 and a debt-to-equity ratio of -3.06.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, February 8th. The company reported $1.31 EPS for the quarter, missing the Zacks’ consensus estimate of $1.35 by ($0.04). The firm had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.17 billion. Philip Morris International had a net margin of 7.73% and a negative return on equity of 71.99%. The firm’s quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.10 earnings per share. equities analysts forecast that Philip Morris International Inc. will post 5.27 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Philip Morris International by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 111,475,174 shares of the company’s stock valued at $13,092,759,000 after purchasing an additional 2,972,929 shares during the period. BlackRock Inc. lifted its stake in shares of Philip Morris International by 2.0% in the 4th quarter. BlackRock Inc. now owns 94,653,614 shares of the company’s stock valued at $10,000,154,000 after purchasing an additional 1,851,721 shares during the period. FMR LLC lifted its stake in shares of Philip Morris International by 12.5% in the 2nd quarter. FMR LLC now owns 20,919,201 shares of the company’s stock valued at $2,456,960,000 after purchasing an additional 2,330,864 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Philip Morris International by 1.5% in the 4th quarter. Bank of New York Mellon Corp now owns 17,494,845 shares of the company’s stock valued at $1,848,329,000 after purchasing an additional 266,461 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Philip Morris International by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 16,006,215 shares of the company’s stock valued at $1,687,415,000 after purchasing an additional 423,024 shares during the period. 73.20% of the stock is currently owned by institutional investors.

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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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