Investors Buy Philip Morris International (PM) on Weakness

Investors purchased shares of Philip Morris International Inc. (NYSE:PM) on weakness during trading on Tuesday. $121.79 million flowed into the stock on the tick-up and $60.56 million flowed out of the stock on the tick-down, for a money net flow of $61.23 million into the stock. Of all companies tracked, Philip Morris International had the 23rd highest net in-flow for the day. Philip Morris International traded down ($1.46) for the day and closed at $102.85

A number of brokerages recently commented on PM. Bank of America decreased their price target on shares of Philip Morris International from $115.00 to $113.00 and set a “neutral” rating on the stock in a research note on Friday, February 9th. Piper Jaffray Companies restated a “buy” rating and set a $126.00 target price on shares of Philip Morris International in a research report on Thursday, February 8th. Morgan Stanley increased their target price on shares of Philip Morris International from $120.00 to $123.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. Zacks Investment Research upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating in a research report on Tuesday, January 23rd. Finally, Jefferies Group upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $124.00 target price on the stock in a research report on Friday, January 19th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $123.79.

The company has a market capitalization of $159,749.70, a PE ratio of 21.88, a PEG ratio of 1.93 and a beta of 0.85. The company has a quick ratio of 0.80, a current ratio of 1.35 and a debt-to-equity ratio of -3.06.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, February 8th. The company reported $1.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.35 by ($0.04). Philip Morris International had a negative return on equity of 71.99% and a net margin of 7.73%. The firm had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.17 billion. During the same period last year, the company posted $1.10 EPS. The business’s revenue was up 19.0% on a year-over-year basis. equities research analysts expect that Philip Morris International Inc. will post 5.27 earnings per share for the current year.

Several institutional investors have recently modified their holdings of the company. Doliver Capital Advisors LP lifted its stake in Philip Morris International by 8.1% in the 3rd quarter. Doliver Capital Advisors LP now owns 29,755 shares of the company’s stock valued at $3,303,000 after purchasing an additional 2,242 shares during the last quarter. Hourglass Capital LLC raised its stake in shares of Philip Morris International by 0.9% during the second quarter. Hourglass Capital LLC now owns 76,258 shares of the company’s stock valued at $8,957,000 after acquiring an additional 650 shares during the last quarter. WFG Advisors LP raised its stake in shares of Philip Morris International by 30.1% during the second quarter. WFG Advisors LP now owns 12,753 shares of the company’s stock valued at $1,498,000 after acquiring an additional 2,951 shares during the last quarter. Wedbush Securities Inc. raised its stake in shares of Philip Morris International by 28.0% during the second quarter. Wedbush Securities Inc. now owns 18,832 shares of the company’s stock valued at $2,212,000 after acquiring an additional 4,123 shares during the last quarter. Finally, Swiss National Bank raised its stake in shares of Philip Morris International by 1.0% during the third quarter. Swiss National Bank now owns 5,958,031 shares of the company’s stock valued at $661,401,000 after acquiring an additional 58,900 shares during the last quarter. 73.20% of the stock is owned by institutional investors.

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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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