Investors sold shares of Philip Morris International Inc. (NYSE:PM) on strength during trading hours on Monday. $69.34 million flowed into the stock on the tick-up and $150.11 million flowed out of the stock on the tick-down, for a money net flow of $80.77 million out of the stock. Of all stocks tracked, Philip Morris International had the 15th highest net out-flow for the day. Philip Morris International traded up $0.79 for the day and closed at $84.89
A number of research firms recently issued reports on PM. ValuEngine upgraded shares of Philip Morris International from a “strong sell” rating to a “sell” rating in a research report on Monday, July 30th. Zacks Investment Research cut shares of Philip Morris International from a “hold” rating to a “sell” rating in a research report on Monday, September 24th. Stifel Nicolaus lowered their price objective on shares of Philip Morris International from $100.00 to $93.00 and set a “buy” rating for the company in a research report on Friday, July 20th. JPMorgan Chase & Co. cut shares of Philip Morris International from an “overweight” rating to a “neutral” rating in a research report on Friday, July 20th. Finally, Societe Generale cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, July 23rd. Three analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. Philip Morris International has a consensus rating of “Hold” and a consensus target price of $100.70.
The company has a current ratio of 1.15, a quick ratio of 0.64 and a debt-to-equity ratio of -2.76. The firm has a market capitalization of $126.75 billion, a price-to-earnings ratio of 17.17, a P/E/G ratio of 1.81 and a beta of 0.79.
Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, July 19th. The company reported $1.41 earnings per share for the quarter, topping the Zacks’ 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 firm had revenue of $7.73 billion for the quarter, compared to analyst estimates of $7.53 billion. During the same period in the previous year, the firm posted $1.14 EPS. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, equities analysts anticipate that Philip Morris International Inc. will post 5.01 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 12th. Shareholders of record on Wednesday, September 26th will be issued a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date of this dividend is Tuesday, September 25th. Philip Morris International’s payout ratio is 92.49%.
A number of institutional investors and hedge funds have recently bought and sold shares of PM. Fundsmith Equity Fund L.P. bought a new stake in Philip Morris International during the 2nd quarter worth approximately $845,763,000. Flossbach Von Storch AG boosted its stake in shares of Philip Morris International by 48.1% in the 2nd quarter. Flossbach Von Storch AG now owns 14,212,696 shares of the company’s stock valued at $1,147,533,000 after purchasing an additional 4,618,289 shares during the last quarter. Morgan Stanley boosted its stake in shares of Philip Morris International by 23.9% in the 2nd quarter. Morgan Stanley now owns 22,738,044 shares of the company’s stock valued at $1,835,871,000 after purchasing an additional 4,386,487 shares during the last quarter. Coronation Fund Managers Ltd. boosted its stake in shares of Philip Morris International by 1,884.4% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 3,877,270 shares of the company’s stock valued at $313,051,000 after purchasing an additional 3,681,882 shares during the last quarter. Finally, Charles Schwab Investment Advisory Inc. bought a new stake in shares of Philip Morris International in the 2nd quarter valued at $277,027,000. 72.73% 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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