Investors purchased shares of Philip Morris International Inc. (NYSE:PM) on weakness during trading hours on Friday. $107.23 million flowed into the stock on the tick-up and $65.86 million flowed out of the stock on the tick-down, for a money net flow of $41.37 million into the stock. Of all equities tracked, Philip Morris International had the 25th highest net in-flow for the day. Philip Morris International traded down ($1.84) for the day and closed at $82.56
Several research analysts have recently commented on the stock. ValuEngine raised shares of Philip Morris International from a “strong sell” rating to a “sell” rating in a report on Monday, July 30th. Stifel Nicolaus lowered their target price on shares of Philip Morris International from $100.00 to $93.00 and set a “buy” rating on the stock in a report on Friday, July 20th. JPMorgan Chase & Co. cut shares of Philip Morris International from an “overweight” rating to a “neutral” rating in a report on Friday, July 20th. Jefferies Financial Group reaffirmed a “buy” rating and set a $93.00 target price on shares of Philip Morris International in a report on Friday, July 13th. Finally, Societe Generale cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, July 23rd. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $104.55.
The company has a current ratio of 1.15, a quick ratio of 0.64 and a debt-to-equity ratio of -2.76. The stock has a market cap of $131.20 billion, a price-to-earnings ratio of 16.91, a P/E/G ratio of 1.80 and a beta of 0.90.
In other Philip Morris International news, Director Jennifer Li purchased 40,000 shares of the business’s stock in a transaction dated Monday, May 14th. The shares were bought at an average price of $81.30 per share, for a total transaction of $3,252,000.00. Following the completion of the acquisition, the director now owns 47,323 shares in the company, valued at $3,847,359.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.22% of the company’s stock.
Several large investors have recently modified their holdings of PM. Flossbach Von Storch AG lifted its holdings in shares of Philip Morris International by 48.1% during the second quarter. Flossbach Von Storch AG now owns 14,212,696 shares of the company’s stock worth $1,147,533,000 after purchasing an additional 4,618,289 shares during the period. Coronation Fund Managers Ltd. raised its stake in Philip Morris International by 1,884.4% during the second quarter. Coronation Fund Managers Ltd. now owns 3,877,270 shares of the company’s stock worth $313,051,000 after buying an additional 3,681,882 shares during the last quarter. Charles Schwab Investment Advisory Inc. bought a new position in Philip Morris International during the second quarter worth $277,027,000. CI Global Investments Inc. bought a new position in Philip Morris International during the first quarter worth $155,793,000. Finally, Massachusetts Financial Services Co. MA raised its stake in Philip Morris International by 4.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 34,065,506 shares of the company’s stock worth $2,750,449,000 after buying an additional 1,421,021 shares during the last quarter. Institutional investors own 72.24% of the company’s stock.
About Philip Morris International
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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