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

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Traders bought shares of Philip Morris International Inc. (NYSE:PM) on weakness during trading hours on Thursday. $103.18 million flowed into the stock on the tick-up and $57.52 million flowed out of the stock on the tick-down, for a money net flow of $45.66 million into the stock. Of all companies tracked, Philip Morris International had the 15th highest net in-flow for the day. Philip Morris International traded down ($0.17) for the day and closed at $78.62

A number of brokerages have weighed in on PM. Jefferies Financial Group lowered Philip Morris International from a “buy” rating to a “hold” rating and set a $80.00 price objective on the stock. in a report on Friday, August 24th. ValuEngine lowered Philip Morris International from a “sell” rating to a “strong sell” rating in a report on Thursday, August 23rd. Argus raised Philip Morris International from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a research note on Wednesday, July 25th. Societe Generale lowered Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, July 23rd. Finally, JPMorgan Chase & Co. lowered Philip Morris International from an “overweight” rating to a “neutral” rating in a research note on Friday, July 20th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $103.36.

The company has a market capitalization of $122.22 billion, a P/E ratio of 15.94, a P/E/G ratio of 1.73 and a beta of 0.82. The company has a debt-to-equity ratio of -2.76, a current ratio of 1.15 and a quick ratio of 0.64.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, July 19th. The company reported $1.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.18. The business had revenue of $7.73 billion for the quarter, compared to analyst estimates of $7.53 billion. Philip Morris International had a negative return on equity of 76.67% and a net margin of 7.84%. The company’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.14 EPS. analysts anticipate that Philip Morris International Inc. will post 5.04 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the stock. Optimum Investment Advisors purchased a new stake in Philip Morris International in the 1st quarter valued at approximately $100,000. Shine Investment Advisory Services Inc. lifted its stake in Philip Morris International by 90.7% in the 2nd quarter. Shine Investment Advisory Services Inc. now owns 1,245 shares of the company’s stock valued at $101,000 after buying an additional 592 shares in the last quarter. Landaas & Co. WI ADV purchased a new stake in Philip Morris International in the 2nd quarter valued at approximately $106,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in Philip Morris International in the 2nd quarter valued at approximately $108,000. Finally, Cordasco Financial Network lifted its stake in Philip Morris International by 214.1% in the 2nd quarter. Cordasco Financial Network now owns 1,357 shares of the company’s stock valued at $110,000 after buying an additional 925 shares in the last quarter. 72.77% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Company Profile (NYSE:PM)

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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