Investors Buy Philip Morris International Inc (NYSE:PM) on Weakness
Traders bought shares of Philip Morris International Inc (NYSE:PM) on weakness during trading on Thursday. $106.56 million flowed into the stock on the tick-up and $60.06 million flowed out of the stock on the tick-down, for a money net flow of $46.50 million into the stock. Of all equities tracked, Philip Morris International had the 14th highest net in-flow for the day. Philip Morris International traded down ($1.19) for the day and closed at $114.22
Several equities analysts recently issued reports on the company. TheStreet raised Philip Morris International from a “c+” rating to a “b-” rating in a report on Thursday, July 20th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $133.00 price objective (down from $134.00) on shares of Philip Morris International in a report on Saturday, July 22nd. Vetr cut Philip Morris International from a “hold” rating to a “sell” rating and set a $111.99 price objective for the company. in a report on Monday, May 22nd. Cowen and Company reaffirmed an “outperform” rating and set a $120.00 price objective on shares of Philip Morris International in a report on Wednesday, April 19th. Finally, Bank of America Corporation lifted their price objective on Philip Morris International from $120.00 to $123.00 and gave the stock a “neutral” rating in a report on Tuesday, May 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. Philip Morris International currently has an average rating of “Buy” and an average price target of $122.00.
The firm has a 50-day moving average price of $117.70 and a 200-day moving average price of $112.79. The company has a market capitalization of $177.41 billion, a P/E ratio of 25.31 and a beta of 0.93.
Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, July 20th. The company reported $1.14 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by $0.09. Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. The company had revenue of $6.92 billion for the quarter, compared to analyst estimates of $7.11 billion. During the same quarter last year, the company posted $1.15 EPS. Philip Morris International’s revenue was up 4.0% on a year-over-year basis. Equities analysts anticipate that Philip Morris International Inc will post $4.83 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 11th. Stockholders of record on Friday, June 23rd were given a dividend of $1.04 per share. The ex-dividend date was Wednesday, June 21st. This represents a $4.16 dividend on an annualized basis and a dividend yield of 3.64%. Philip Morris International’s dividend payout ratio (DPR) is presently 92.24%.
Several large investors have recently made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Philip Morris International during the fourth quarter worth approximately $106,000. Guidant Wealth Advisors increased its stake in shares of Philip Morris International by 25.5% in the second quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock worth $110,000 after buying an additional 191 shares during the period. Gradient Investments LLC increased its stake in shares of Philip Morris International by 76.1% in the first quarter. Gradient Investments LLC now owns 986 shares of the company’s stock worth $111,000 after buying an additional 426 shares during the period. Welch Investments LLC bought a new stake in shares of Philip Morris International during the first quarter worth approximately $113,000. Finally, American Beacon Advisors Inc. bought a new stake in shares of Philip Morris International during the first quarter worth approximately $114,000. Institutional investors own 72.45% of the company’s stock.
About Philip Morris International
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.
Receive News & Ratings for Philip Morris International Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.