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

Investors sold shares of Philip Morris International Inc. (NYSE:PM) on strength during trading on Wednesday. $50.36 million flowed into the stock on the tick-up and $74.87 million flowed out of the stock on the tick-down, for a money net flow of $24.51 million out of the stock. Of all companies tracked, Philip Morris International had the 30th highest net out-flow for the day. Philip Morris International traded up $0.88 for the day and closed at $81.12

PM has been the topic of several research analyst reports. Goldman Sachs Group lowered shares of Philip Morris International from a “conviction-buy” rating to a “buy” rating in a research note on Friday, April 20th. Stifel Nicolaus cut their price target on shares of Philip Morris International from $125.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday, April 20th. Cowen restated a “buy” rating and issued a $105.00 price objective on shares of Philip Morris International in a research note on Friday, April 20th. Deutsche Bank set a $100.00 price objective on shares of Philip Morris International and gave the company a “buy” rating in a research note on Tuesday, April 24th. Finally, TheStreet lowered shares of Philip Morris International from a “b-” rating to a “c+” rating in a research note on Tuesday, March 20th. Three analysts have rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the stock. Philip Morris International currently has an average rating of “Hold” and an average target price of $117.67.

The company has a debt-to-equity ratio of -2.82, a quick ratio of 0.68 and a current ratio of 1.16. The company has a market cap of $124.73 billion, a P/E ratio of 16.45, a price-to-earnings-growth ratio of 1.60 and a beta of 0.87.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Thursday, April 19th. The company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.12. Philip Morris International had a net margin of 7.50% and a negative return on equity of 72.40%. The company had revenue of $6.90 billion for the quarter, compared to analyst estimates of $7.03 billion. During the same period in the previous year, the business posted $0.98 earnings per share. Philip Morris International’s quarterly revenue was up 13.7% on a year-over-year basis. research analysts forecast that Philip Morris International Inc. will post 5.16 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 11th. Stockholders of record on Friday, June 22nd will be paid a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a dividend yield of 5.62%. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.07. The ex-dividend date of this dividend is Thursday, June 21st. Philip Morris International’s payout ratio is 92.49%.

In other news, insider Miroslaw Zielinski purchased 6,000 shares of the company’s stock in a transaction dated Friday, April 27th. The shares were acquired at an average cost of $81.56 per share, for a total transaction of $489,360.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jerry Whitson purchased 3,000 shares of the company’s stock in a transaction dated Wednesday, April 25th. The shares were purchased at an average price of $82.76 per share, for a total transaction of $248,280.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 49,000 shares of company stock worth $3,989,640. Company insiders own 0.22% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Private Trust Co. NA increased its stake in shares of Philip Morris International by 2.0% during the second quarter. Private Trust Co. NA now owns 40,588 shares of the company’s stock worth $3,277,000 after acquiring an additional 809 shares during the period. Lara May & Associates LLC purchased a new stake in Philip Morris International during the first quarter worth about $211,000. Allianz Life Insurance Co of North America purchased a new stake in Philip Morris International during the first quarter worth about $470,000. Dynamic Technology Lab Private Ltd purchased a new stake in Philip Morris International during the first quarter worth about $1,486,000. Finally, HighPoint Advisor Group LLC boosted its holdings in Philip Morris International by 4.4% during the first quarter. HighPoint Advisor Group LLC now owns 43,253 shares of the company’s stock worth $3,435,000 after buying an additional 1,809 shares in the last quarter. Institutional investors and hedge funds own 72.28% of the company’s stock.

Philip Morris International Company Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, Philip Morris, Merit, Virginia S., Muratti, and Next.

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