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

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Traders sold shares of Philip Morris International Inc. (NYSE:PM) on strength during trading on Thursday. $44.42 million flowed into the stock on the tick-up and $100.88 million flowed out of the stock on the tick-down, for a money net flow of $56.46 million out of the stock. Of all equities tracked, Philip Morris International had the 0th highest net out-flow for the day. Philip Morris International traded up $0.41 for the day and closed at $89.48

Several equities analysts recently issued reports on PM shares. Zacks Investment Research lowered Philip Morris International from a “hold” rating to a “sell” rating in a research note on Monday, September 24th. Jefferies Financial Group lowered 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 upgraded Philip Morris International from a “strong sell” rating to a “sell” rating in a research note on Friday, September 21st. Citigroup boosted their price target on Philip Morris International from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, September 21st. Finally, Sanford C. Bernstein started coverage on Philip Morris International in a research note on Tuesday, October 16th. They set an “outperform” rating and a $97.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $98.08.

The company has a market cap of $138.46 billion, a price-to-earnings ratio of 18.09, a P/E/G ratio of 2.04 and a beta of 0.58.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, October 18th. The company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.16. Philip Morris International had a negative return on equity of 78.80% and a net margin of 8.20%. The company had revenue of $7.50 billion for the quarter, compared to analyst estimates of $7.16 billion. During the same period in the prior year, the company posted $1.27 EPS. The company’s revenue was up .4% compared to the same quarter last year. On average, equities research analysts forecast that Philip Morris International Inc. will post 5.01 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Wednesday, September 26th were paid a $1.14 dividend. The ex-dividend date of this dividend was Tuesday, September 25th. This represents a $4.56 annualized dividend and a dividend yield of 5.11%. Philip Morris International’s dividend payout ratio is currently 92.49%.

Several hedge funds have recently added to or reduced their stakes in PM. Gulf International Bank UK Ltd grew its position in Philip Morris International by 2.0% during the 3rd quarter. Gulf International Bank UK Ltd now owns 30,295 shares of the company’s stock worth $2,470,000 after acquiring an additional 583 shares during the last quarter. Shine Investment Advisory Services Inc. grew its position 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 acquiring an additional 592 shares during the last quarter. Buckingham Asset Management LLC grew its position in Philip Morris International by 3.2% during the 3rd quarter. Buckingham Asset Management LLC now owns 19,736 shares of the company’s stock worth $1,609,000 after acquiring an additional 616 shares during the last quarter. Jones Financial Companies Lllp grew its position in Philip Morris International by 1.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 35,791 shares of the company’s stock worth $2,918,000 after acquiring an additional 621 shares during the last quarter. Finally, BKD Wealth Advisors LLC grew its position in Philip Morris International by 5.0% during the 2nd quarter. BKD Wealth Advisors LLC now owns 13,174 shares of the company’s stock worth $1,064,000 after acquiring an additional 625 shares during the last quarter. Institutional investors own 72.76% of the company’s stock.

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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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