Investors Sell Shares of Philip Morris International (PM) on Strength (PM)

Investors sold shares of Philip Morris International Inc. (NYSE:PM) on strength during trading hours on Thursday. $60.33 million flowed into the stock on the tick-up and $143.93 million flowed out of the stock on the tick-down, for a money net flow of $83.60 million out of the stock. Of all companies tracked, Philip Morris International had the 0th highest net out-flow for the day. Philip Morris International traded up $0.78 for the day and closed at $101.70

PM has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of Philip Morris International from a “hold” rating to a “sell” rating in a research note on Monday, December 11th. Jefferies Group upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $124.00 price target for the company in a research note on Friday, January 19th. TheStreet lowered shares of Philip Morris International from a “b-” rating to a “c+” rating in a research note on Tuesday, March 20th. Citigroup upgraded shares of Philip Morris International from a “neutral” rating to a “buy” rating and set a $125.00 price target for the company in a research note on Wednesday, February 28th. They noted that the move was a valuation call. Finally, Piper Jaffray reiterated an “overweight” rating and issued a $137.00 price target (up from $130.00) on shares of Philip Morris International in a research note on Thursday, January 11th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Philip Morris International has an average rating of “Buy” and a consensus price target of $123.77.

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The company has a current ratio of 1.35, a quick ratio of 0.80 and a debt-to-equity ratio of -3.06. The firm has a market capitalization of $157,963.48, a PE ratio of 21.64, a P/E/G ratio of 1.91 and a beta of 0.86.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Thursday, February 8th. The company reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.04). The business had revenue of $8.29 billion during the quarter, compared to analysts’ expectations of $8.17 billion. Philip Morris International had a negative return on equity of 71.99% and a net margin of 7.73%. The business’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.10 EPS. analysts anticipate that Philip Morris International Inc. will post 5.27 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 11th. Shareholders of record on Thursday, March 22nd will be issued a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 4.24%. The ex-dividend date of this dividend is Wednesday, March 21st. Philip Morris International’s dividend payout ratio is currently 86.82%.

In other Philip Morris International news, CEO Andre Calantzopoulos sold 49,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $103.66, for a total transaction of $5,079,340.00. Following the transaction, the chief executive officer now owns 792,765 shares of the company’s stock, valued at $82,178,019.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Marc S. Firestone sold 13,650 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $104.63, for a total transaction of $1,428,199.50. Following the transaction, the insider now directly owns 189,199 shares in the company, valued at approximately $19,795,891.37. The disclosure for this sale can be found here. 0.23% of the stock is owned by insiders.

A number of large investors have recently modified their holdings of PM. South State Corp lifted its holdings in shares of Philip Morris International by 0.4% in the second quarter. South State Corp now owns 15,076 shares of the company’s stock worth $1,771,000 after buying an additional 57 shares in the last quarter. Capital Wealth Planning LLC lifted its holdings in shares of Philip Morris International by 70.3% in the second quarter. Capital Wealth Planning LLC now owns 17,140 shares of the company’s stock worth $2,013,000 after buying an additional 7,077 shares in the last quarter. Empirical Finance LLC purchased a new position in shares of Philip Morris International in the second quarter worth $304,000. CWA Asset Management Group LLC lifted its holdings in shares of Philip Morris International by 9.4% in the second quarter. CWA Asset Management Group LLC now owns 26,629 shares of the company’s stock worth $3,128,000 after buying an additional 2,283 shares in the last quarter. Finally, Teachers Advisors LLC lifted its holdings in shares of Philip Morris International by 6.0% in the second quarter. Teachers Advisors LLC now owns 3,803,693 shares of the company’s stock worth $446,744,000 after buying an additional 215,234 shares in the last quarter. 72.22% of the stock is currently owned by institutional investors and hedge funds.

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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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