Investors Buy Philip Morris International (PM) on Weakness

Investors bought shares of Philip Morris International Inc. (NYSE:PM) on weakness during trading hours on Monday. $142.93 million flowed into the stock on the tick-up and $100.72 million flowed out of the stock on the tick-down, for a money net flow of $42.21 million into the stock. Of all stocks tracked, Philip Morris International had the 29th highest net in-flow for the day. Philip Morris International traded down ($2.14) for the day and closed at $81.61

Several research analysts have commented on PM shares. Morgan Stanley decreased their price target on shares of Philip Morris International from $111.00 to $102.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 17th. Jefferies Financial Group downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating and set a $80.00 price target on the stock. in a research note on Friday, August 24th. ValuEngine raised shares of Philip Morris International from a “strong sell” rating to a “sell” rating in a research note on Friday, September 21st. Citigroup set a $90.00 price target on shares of Philip Morris International and gave the stock a “buy” rating in a research note on Friday, July 20th. Finally, Cowen downgraded shares of Philip Morris International from an “outperform” rating to a “market perform” rating and set a $97.00 price target on the stock. in a research note on Friday, July 20th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. Philip Morris International has a consensus rating of “Hold” and an average target price of $103.82.

The company has a debt-to-equity ratio of -2.76, a quick ratio of 0.64 and a current ratio of 1.15. The company has a market capitalization of $126.86 billion, a P/E ratio of 16.35, a price-to-earnings-growth ratio of 1.80 and a beta of 0.82.

Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, July 19th. The company reported $1.41 EPS for the quarter, topping the 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 company had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $7.53 billion. During the same period in the previous year, the firm earned $1.14 earnings per share. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. analysts predict that Philip Morris International Inc. will post 5.03 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 12th. Investors of record on Wednesday, September 26th will be paid a $1.14 dividend. This represents a $4.56 annualized dividend and a dividend yield of 5.71%. The ex-dividend date of this dividend is Tuesday, September 25th. Philip Morris International’s payout ratio is 92.49%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Summit X LLC boosted its holdings in Philip Morris International by 101.9% in the second quarter. Summit X LLC now owns 16,781 shares of the company’s stock valued at $1,352,000 after acquiring an additional 8,470 shares in the last quarter. Royal London Asset Management Ltd. bought a new stake in Philip Morris International in the second quarter valued at $62,605,000. SP Asset Management bought a new stake in Philip Morris International in the second quarter valued at $5,992,000. Ashburton Jersey Ltd boosted its holdings in Philip Morris International by 13.8% in the second quarter. Ashburton Jersey Ltd now owns 202,106 shares of the company’s stock valued at $16,318,000 after acquiring an additional 24,525 shares in the last quarter. Finally, LFA Lugano Financial Advisors SA bought a new stake in Philip Morris International in the second quarter valued at $183,000. 72.68% of the stock is currently owned by 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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