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

Investors sold shares of Philip Morris International Inc. (NYSE:PM) on strength during trading hours on Friday. $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 equities tracked, Philip Morris International had the 0th highest net out-flow for the day. Philip Morris International traded up $0.62 for the day and closed at $104.31

A number of research analysts recently commented on PM shares. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $126.00 price target on shares of Philip Morris International in a research note on Thursday, February 8th. Jefferies Group raised Philip Morris International from a “hold” rating to a “buy” rating and set a $124.00 price target for the company in a research note on Friday, January 19th. Zacks Investment Research raised Philip Morris International from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Bank of America dropped their price target on Philip Morris International from $115.00 to $113.00 and set a “neutral” rating for the company in a research note on Friday, February 9th. Finally, Citigroup dropped their price target on Philip Morris International from $117.00 to $114.00 and set a “neutral” rating for the company in a research note on Tuesday, January 16th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $123.79.

The company has a current ratio of 1.35, a quick ratio of 0.68 and a debt-to-equity ratio of -3.06. The company has a market capitalization of $162,017.42, a PE ratio of 22.19, a PEG ratio of 1.96 and a beta of 0.85.

Philip Morris International (NYSE:PM) last released its earnings results on Thursday, February 8th. The company reported $1.31 earnings per share (EPS) for the quarter, missing the Zacks’ 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 business had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.17 billion. During the same quarter in the prior year, the firm earned $1.10 EPS. The business’s revenue was up 19.0% on a year-over-year basis. sell-side analysts expect that Philip Morris International Inc. will post 5.27 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of 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 purchasing an additional 2,972,929 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Philip Morris International by 2.0% during the fourth quarter. BlackRock Inc. now owns 94,653,614 shares of the company’s stock worth $10,000,154,000 after purchasing an additional 1,851,721 shares during the last quarter. FMR LLC grew its holdings in shares of Philip Morris International by 12.5% during the second 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 during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Philip Morris International by 1.5% during the fourth quarter. Bank of New York Mellon Corp now owns 17,494,845 shares of the company’s stock worth $1,848,329,000 after purchasing an additional 266,461 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Philip Morris International by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 16,006,215 shares of the company’s stock worth $1,687,415,000 after purchasing an additional 423,024 shares during the last quarter. Hedge funds and other institutional investors own 72.31% 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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