Traders Buy Shares of Philip Morris International (PM) on Weakness

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.



Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, July 19th. The company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.18. Philip Morris International had a net margin of 7.84% and a negative return on equity of 76.67%. The firm had revenue of $7.73 billion for the quarter, compared to analyst estimates of $7.53 billion. During the same quarter last year, the business posted $1.14 earnings per share. The company’s quarterly revenue was up 11.7% on a year-over-year basis. equities research analysts forecast that Philip Morris International Inc. will post 5.06 earnings per share for the current fiscal year.

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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