Investors sold shares of Philip Morris International Inc. (NYSE:PM) on strength during trading hours on Wednesday. $93.21 million flowed into the stock on the tick-up and $183.40 million flowed out of the stock on the tick-down, for a money net flow of $90.19 million out of the stock. Of all stocks tracked, Philip Morris International had the 5th highest net out-flow for the day. Philip Morris International traded up $0.87 for the day and closed at $103.72
Several equities analysts recently weighed in on the stock. Wells Fargo & Co reissued an “outperform” rating and issued a $135.00 target price (down from $140.00) on shares of Philip Morris International in a research note on Wednesday, November 15th. Morgan Stanley raised their target price on shares of Philip Morris International from $120.00 to $123.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th. Bank of America decreased their target price on shares of 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. Piper Jaffray Companies reissued a “buy” rating and issued a $126.00 target price on shares of Philip Morris International in a research note on Thursday, February 8th. Finally, 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. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $123.79.
The stock has a market cap of $161,100.00, a price-to-earnings ratio of 21.12, a PEG ratio of 1.96 and a beta of 0.85. The company has a debt-to-equity ratio of -3.06, a quick ratio of 0.80 and a current ratio of 1.35.
Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, February 8th. The company reported $1.31 earnings per share (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 business had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.17 billion. During the same period in the prior year, the business earned $1.10 EPS. The company’s revenue for the quarter was up 19.0% compared to the same quarter last year. analysts anticipate that Philip Morris International Inc. will post 5.27 EPS for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the company. Vantage Investment Advisors LLC lifted its holdings 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 buying an additional 10 shares in the last quarter. Front Row Advisors LLC acquired a new stake in shares of Philip Morris International during the fourth quarter worth $118,000. Wolverine Asset Management LLC acquired a new stake in shares of Philip Morris International during the fourth quarter worth $126,000. Financial Engines Advisors L.L.C. lifted its holdings 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 buying an additional 962 shares in the last quarter. Finally, Cerebellum GP LLC bought a new position in shares of Philip Morris International in the fourth quarter worth $128,000. 73.20% of the stock is owned by institutional investors.
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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