Traders bought shares of Philip Morris International Inc. (NYSE:PM) on weakness during trading on Friday. $375.25 million flowed into the stock on the tick-up and $182.68 million flowed out of the stock on the tick-down, for a money net flow of $192.57 million into the stock. Of all equities tracked, Philip Morris International had the 16th highest net in-flow for the day. Philip Morris International traded down ($1.53) for the day and closed at $103.46
A number of brokerages have commented on PM. Zacks Investment Research raised Philip Morris International from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd. Morgan Stanley boosted their price objective on Philip Morris International from $120.00 to $123.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. Jefferies Group raised Philip Morris International from a “hold” rating to a “buy” rating and set a $124.00 price objective for the company in a report on Friday, January 19th. Piper Jaffray Companies reissued an “overweight” rating and set a $137.00 price objective (up from $130.00) on shares of Philip Morris International in a report on Thursday, January 11th. Finally, Citigroup decreased their price objective on Philip Morris International from $117.00 to $114.00 and set a “neutral” rating for the company in a report on Tuesday, January 16th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Philip Morris International presently has a consensus rating of “Buy” and a consensus target price of $124.57.
The company has a market capitalization of $163,073.61, a P/E ratio of 26.73, a price-to-earnings-growth ratio of 1.97 and a beta of 0.85. The company has a debt-to-equity ratio of -3.06, a current ratio of 1.35 and a quick ratio of 0.80.
Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Thursday, February 8th. The company reported $1.31 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.04). Philip Morris International had a net margin of 7.73% and a negative return on equity of 71.99%. The firm had revenue of $8.29 billion during the quarter, compared to analysts’ expectations of $8.17 billion. During the same quarter in the previous year, the company posted $1.10 EPS. Philip Morris International’s revenue for the quarter was up 19.0% on a year-over-year basis. research analysts expect that Philip Morris International Inc. will post 5.27 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 11th. Investors of record on Thursday, March 22nd will be paid a $1.07 dividend. The ex-dividend date of this dividend is Wednesday, March 21st. This represents a $4.28 annualized dividend and a yield of 4.14%. Philip Morris International’s payout ratio is 110.59%.
In related news, CEO Andre Calantzopoulos sold 49,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $103.66, for a total value of $5,079,340.00. Following the transaction, the chief executive officer now owns 792,765 shares in the company, valued at $82,178,019.90. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Marc S. Firestone sold 13,650 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $104.63, for a total value of $1,428,199.50. Following the completion of the transaction, the insider now owns 189,199 shares in the company, valued at approximately $19,795,891.37. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. Vantage Investment Advisors LLC lifted its position in shares of Philip Morris International by 1.0% during the second quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock worth $121,000 after acquiring an additional 10 shares in the last quarter. Front Row Advisors LLC purchased a new stake in shares of Philip Morris International during the fourth quarter worth $118,000. Wolverine Asset Management LLC purchased a new stake in shares of Philip Morris International during the fourth quarter worth $126,000. Financial Engines Advisors L.L.C. lifted its position in shares of Philip Morris International by 399.2% during the third quarter. Financial Engines Advisors L.L.C. now owns 1,203 shares of the company’s stock worth $134,000 after acquiring an additional 962 shares in the last quarter. Finally, Cerebellum GP LLC purchased a new stake in shares of Philip Morris International during the fourth quarter worth $128,000. Institutional investors and hedge funds own 72.33% of the company’s stock.
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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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