Traders Sell Philip Morris International Inc (PM) on Strength (PM)
Traders sold shares of Philip Morris International Inc (NYSE:PM) on strength during trading on Wednesday. $52.11 million flowed into the stock on the tick-up and $107.77 million flowed out of the stock on the tick-down, for a money net flow of $55.66 million out of the stock. Of all equities tracked, Philip Morris International had the 11th highest net out-flow for the day. Philip Morris International traded up $0.91 for the day and closed at $117.73
PM has been the subject of a number of analyst reports. TheStreet upgraded Philip Morris International from a “c+” rating to a “b-” rating in a report on Thursday, July 20th. Zacks Investment Research lowered Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Berenberg Bank set a $96.00 target price on Philip Morris International and gave the stock a “hold” rating in a report on Saturday, June 24th. Vetr upgraded Philip Morris International from a “sell” rating to a “hold” rating and set a $111.99 target price for the company in a report on Tuesday, May 16th. Finally, Wells Fargo & Company reiterated an “outperform” rating on shares of Philip Morris International in a report on Friday, June 9th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $121.79.
The stock has a market capitalization of $182.86 billion, a P/E ratio of 26.09 and a beta of 0.93. The stock has a 50-day moving average price of $117.34 and a 200 day moving average price of $113.49.
Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, July 20th. The company reported $1.14 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by $0.09. The firm had revenue of $6.92 billion for the quarter, compared to analyst estimates of $7.11 billion. Philip Morris International had a negative return on equity of 66.18% and a net margin of 9.36%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.15 EPS. Equities research analysts forecast that Philip Morris International Inc will post $4.83 earnings per share for the current fiscal year.
A number of large investors have recently made changes to their positions in the stock. Mountain Capital Investment Advisors Inc bought a new stake in shares of Philip Morris International during the second quarter worth $145,000. Public Employees Retirement System of Ohio boosted its stake in shares of Philip Morris International by 0.3% in the second quarter. Public Employees Retirement System of Ohio now owns 1,096,040 shares of the company’s stock worth $128,730,000 after buying an additional 2,974 shares during the period. Colony Group LLC boosted its stake in shares of Philip Morris International by 78.1% in the second quarter. Colony Group LLC now owns 6,400 shares of the company’s stock worth $752,000 after buying an additional 2,806 shares during the period. High Falls Advisors Inc bought a new stake in shares of Philip Morris International during the second quarter worth $235,000. Finally, Verition Fund Management LLC bought a new stake in shares of Philip Morris International during the second quarter worth $489,000. 72.30% of the stock is owned by hedge funds and other institutional investors.
Philip Morris International Company Profile
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.
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