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

Traders sold shares of Philip Morris International Inc (NYSE:PM) on strength during trading hours on Friday. $59.98 million flowed into the stock on the tick-up and $103.24 million flowed out of the stock on the tick-down, for a money net flow of $43.26 million out of the stock. Of all stocks tracked, Philip Morris International had the 0th highest net out-flow for the day. Philip Morris International traded up $0.56 for the day and closed at $103.02

Several research analysts recently commented on the company. SBG Securities upgraded Philip Morris International from a “sell” rating to a “hold” rating and boosted their price target for the stock from $118.00 to $119.00 in a research note on Friday, August 11th. Jefferies Group LLC restated a “hold” rating and set a $120.00 price objective on shares of Philip Morris International in a research note on Thursday, September 28th. BidaskClub cut Philip Morris International from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Cowen and Company restated a “buy” rating on shares of Philip Morris International in a research note on Sunday, September 24th. Finally, Goldman Sachs Group, Inc. (The) began coverage on Philip Morris International in a research note on Monday, October 2nd. They set a “buy” rating on the stock. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $124.62.

The firm has a market capitalization of $160,010.97, a price-to-earnings ratio of 22.94, a PEG ratio of 2.08 and a beta of 0.91. The company has a debt-to-equity ratio of -2.91, a current ratio of 1.13 and a quick ratio of 0.68.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, October 19th. The company reported $1.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.11). Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. The business had revenue of $7.50 billion during the quarter, compared to the consensus estimate of $7.75 billion. During the same period last year, the company earned $1.25 earnings per share. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. sell-side analysts anticipate that Philip Morris International Inc will post 4.76 EPS for the current fiscal year.

In other Philip Morris International news, insider Drago Azinovic sold 14,000 shares of the stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $116.00, for a total transaction of $1,624,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Louis C. Camilleri sold 108,979 shares of the stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $108.38, for a total value of $11,811,144.02. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

Several large investors have recently made changes to their positions in PM. OLD National Bancorp IN lifted its position in shares of Philip Morris International by 3.7% during the 1st quarter. OLD National Bancorp IN now owns 54,951 shares of the company’s stock valued at $6,204,000 after acquiring an additional 1,976 shares during the last quarter. C WorldWide Group Holding A S lifted its holdings in shares of Philip Morris International by 70.9% in the first quarter. C WorldWide Group Holding A S now owns 3,027,193 shares of the company’s stock valued at $341,770,000 after purchasing an additional 1,255,776 shares in the last quarter. Grimes & Company Inc. lifted its holdings in shares of Philip Morris International by 36.9% in the first quarter. Grimes & Company Inc. now owns 7,413 shares of the company’s stock valued at $837,000 after purchasing an additional 2,000 shares in the last quarter. Welch Group LLC lifted its holdings in shares of Philip Morris International by 2.4% in the first quarter. Welch Group LLC now owns 6,843 shares of the company’s stock valued at $773,000 after purchasing an additional 161 shares in the last quarter. Finally, Eqis Capital Management Inc. lifted its holdings in shares of Philip Morris International by 0.6% in the first quarter. Eqis Capital Management Inc. now owns 13,901 shares of the company’s stock valued at $1,569,000 after purchasing an additional 85 shares in the last quarter. Institutional investors own 72.25% 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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