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 equities research analysts have recently commented on PM shares. Deutsche Bank set a $100.00 target price on shares of Philip Morris International and gave the stock a “buy” rating in a research report on Tuesday, April 24th. Jefferies Financial Group restated a “buy” rating and set a $93.00 price target on shares of Philip Morris International in a report on Friday, July 13th. Goldman Sachs Group cut shares of Philip Morris International from a “conviction-buy” rating to a “buy” rating in a report 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 report on Friday, April 20th. Finally, Cowen restated a “buy” rating and set a $105.00 price target on shares of Philip Morris International in a report on Friday, April 20th. Three analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $104.55.
The firm has a market capitalization of $131.20 billion, a price-to-earnings ratio of 16.91, a PEG ratio of 1.80 and a beta of 0.90. The company has a debt-to-equity ratio of -2.76, a quick ratio of 0.64 and a current ratio of 1.15.
Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, July 19th. The company reported $1.41 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $7.73 billion for the quarter, compared to analysts’ expectations of $7.53 billion. During the same period in the previous year, the company earned $1.14 earnings per share. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. analysts forecast that Philip Morris International Inc. will post 5.06 EPS for the current fiscal year.
In other news, Director Jennifer Li purchased 40,000 shares of the business’s stock in a transaction that occurred on Monday, May 14th. The shares were acquired at an average cost 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.22% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PM. Vanguard Capital Wealth Advisors bought a new position in shares of Philip Morris International in the 4th quarter worth $1,475,000. Dynasty Wealth Management LLC bought a new position in shares of Philip Morris International in the 4th quarter worth $347,000. Meitav Dash Investments Ltd. bought a new position in shares of Philip Morris International in the 4th quarter worth $1,163,000. Halsey Associates Inc. CT increased its holdings in shares of Philip Morris International by 9.9% in the 4th quarter. Halsey Associates Inc. CT now owns 26,188 shares of the company’s stock worth $2,767,000 after buying an additional 2,366 shares during the last quarter. Finally, Blue Edge Capital LLC increased its holdings in shares of Philip Morris International by 70.1% in the 4th quarter. Blue Edge Capital LLC now owns 3,640 shares of the company’s stock worth $385,000 after buying an additional 1,500 shares during the last quarter. Hedge funds and other institutional investors own 72.24% 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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