Investors Buy Shares of Philip Morris International (PM) on Weakness
Investors purchased shares of Philip Morris International Inc. (NYSE:PM) on weakness during trading on Friday. $153.09 million flowed into the stock on the tick-up and $101.58 million flowed out of the stock on the tick-down, for a money net flow of $51.51 million into the stock. Of all stocks tracked, Philip Morris International had the 14th highest net in-flow for the day. Philip Morris International traded down ($0.36) for the day and closed at $104.50
PM has been the subject of a number of analyst reports. Piper Jaffray Companies reiterated a “buy” rating and issued a $130.00 price objective on shares of Philip Morris International in a research report on Sunday, October 22nd. Societe Generale upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, October 20th. Goldman Sachs Group initiated coverage on shares of Philip Morris International in a research report on Monday, October 2nd. They issued a “buy” rating for the company. Cowen reiterated a “buy” rating on shares of Philip Morris International in a research report on Sunday, September 24th. Finally, Jefferies Group reiterated a “hold” rating and issued a $120.00 price objective on shares of Philip Morris International in a research report on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $124.77.
The company has a quick ratio of 0.68, a current ratio of 1.13 and a debt-to-equity ratio of -2.91. The stock has a market cap of $162,310.00, a PE ratio of 23.07, a price-to-earnings-growth ratio of 1.90 and a beta of 0.89.
Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, October 19th. The company reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.11). Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. The company had revenue of $7.50 billion for the quarter, compared to analyst estimates of $7.75 billion. During the same quarter last year, the company earned $1.25 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. research analysts anticipate that Philip Morris International Inc. will post 4.75 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, January 11th. Investors of record on Thursday, December 21st were given a dividend of $1.07 per share. The ex-dividend date of this dividend was Wednesday, December 20th. This represents a $4.28 annualized dividend and a dividend yield of 4.10%. Philip Morris International’s dividend payout ratio (DPR) is presently 94.48%.
In related news, Chairman Louis C. Camilleri sold 108,979 shares of the company’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $108.38, for a total transaction of $11,811,144.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.23% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Doliver Capital Advisors LP grew its stake in Philip Morris International by 8.1% during the 3rd quarter. Doliver Capital Advisors LP now owns 29,755 shares of the company’s stock valued at $3,303,000 after acquiring an additional 2,242 shares in the last quarter. Hourglass Capital LLC grew its stake in Philip Morris International by 0.9% during the 2nd quarter. Hourglass Capital LLC now owns 76,258 shares of the company’s stock valued at $8,957,000 after acquiring an additional 650 shares in the last quarter. WFG Advisors LP grew its stake in Philip Morris International by 30.1% during the 2nd quarter. WFG Advisors LP now owns 12,753 shares of the company’s stock valued at $1,498,000 after acquiring an additional 2,951 shares in the last quarter. Wedbush Securities Inc. grew its stake in Philip Morris International by 28.0% during the 2nd quarter. Wedbush Securities Inc. now owns 18,832 shares of the company’s stock valued at $2,212,000 after acquiring an additional 4,123 shares in the last quarter. Finally, Swiss National Bank grew its stake in Philip Morris International by 1.0% during the 3rd quarter. Swiss National Bank now owns 5,958,031 shares of the company’s stock valued at $661,401,000 after acquiring an additional 58,900 shares in the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Investors Buy Shares of Philip Morris International (PM) on Weakness” was first reported by Watch List News and is the sole property of of Watch List News. If you are viewing this report on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this report can be read at https://www.watchlistnews.com/investors-buy-shares-of-philip-morris-international-pm-on-weakness/1806744.html.
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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International and related companies with Analyst Ratings Network's FREE daily email newsletter.