Investors Buy Philip Morris International (PM) on Weakness

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Traders bought shares of Philip Morris International Inc. (NYSE:PM) on weakness during trading hours on Friday. $80.87 million flowed into the stock on the tick-up and $43.44 million flowed out of the stock on the tick-down, for a money net flow of $37.43 million into the stock. Of all companies tracked, Philip Morris International had the 31st highest net in-flow for the day. Philip Morris International traded down ($0.45) for the day and closed at $79.33

A number of equities research analysts have issued reports on the company. ValuEngine raised Philip Morris International from a “strong sell” rating to a “sell” rating in a research report on Monday, July 30th. JPMorgan Chase & Co. lowered Philip Morris International from an “overweight” rating to a “neutral” rating in a research report on Friday, July 20th. Stifel Nicolaus reduced their price target on Philip Morris International from $100.00 to $93.00 and set a “buy” rating on the stock in a research report on Friday, July 20th. Societe Generale lowered Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, July 23rd. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $93.00 price target on shares of Philip Morris International in a research report on Friday, July 13th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. Philip Morris International currently has an average rating of “Hold” and a consensus price target of $103.36.

The firm has a market cap of $124.44 billion, a P/E ratio of 16.04, a PEG ratio of 1.76 and a beta of 0.82. The company has a debt-to-equity ratio of -2.76, a current ratio of 1.15 and a quick ratio of 0.64.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, July 19th. The company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.18. Philip Morris International had a negative return on equity of 76.67% and a net margin of 7.84%. The business had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $7.53 billion. During the same quarter in the prior year, the business posted $1.14 EPS. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. analysts expect that Philip Morris International Inc. will post 5.04 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 12th. Stockholders of record on Wednesday, September 26th will be issued a $1.14 dividend. The ex-dividend date of this dividend is Tuesday, September 25th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 5.75%. Philip Morris International’s payout ratio is currently 92.49%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in PM. Optimum Investment Advisors purchased a new position in shares of Philip Morris International in the 1st quarter valued at about $100,000. Shine Investment Advisory Services Inc. grew its stake in Philip Morris International by 90.7% during the 2nd quarter. Shine Investment Advisory Services Inc. now owns 1,245 shares of the company’s stock worth $101,000 after buying an additional 592 shares during the last quarter. Landaas & Co. WI ADV purchased a new position in Philip Morris International during the 2nd quarter worth approximately $106,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in Philip Morris International during the 2nd quarter worth approximately $108,000. Finally, Cordasco Financial Network grew its stake in Philip Morris International by 214.1% during the 2nd quarter. Cordasco Financial Network now owns 1,357 shares of the company’s stock worth $110,000 after buying an additional 925 shares during the last quarter. Institutional investors and hedge funds own 72.88% of the company’s stock.

About Philip Morris International (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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