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

Investors sold shares of Philip Morris International Inc (NYSE:PM) on strength during trading on Tuesday. $54.97 million flowed into the stock on the tick-up and $114.81 million flowed out of the stock on the tick-down, for a money net flow of $59.84 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 $2.06 for the day and closed at $116.82

PM has been the topic of several research analyst reports. Jefferies Group LLC set a $111.00 target price on shares of Philip Morris International and gave the stock a “hold” rating in a report on Wednesday, April 19th. Cowen and Company reissued an “outperform” rating and issued a $120.00 target price on shares of Philip Morris International in a report on Wednesday, April 19th. Vetr raised shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $108.70 target price on the stock in a report on Thursday, April 20th. Stifel Nicolaus reissued a “buy” rating and issued a $118.00 target price on shares of Philip Morris International in a report on Sunday, April 23rd. Finally, Zacks Investment Research downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, April 24th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Philip Morris International has an average rating of “Buy” and an average price target of $121.79.

The stock has a market cap of $182.86 billion, a price-to-earnings ratio of 26.09 and a beta of 0.93. The firm’s 50-day moving average price is $117.34 and its 200-day moving average price is $113.49.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, July 20th. The company reported $1.14 EPS for the quarter, missing the consensus estimate of $1.23 by $0.09. Philip Morris International had a negative return on equity of 66.18% and a net margin of 9.36%. The company had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $7.11 billion. During the same quarter in the prior year, the firm earned $1.15 EPS. The firm’s revenue was up 4.0% on a year-over-year basis. On average, equities analysts expect that Philip Morris International Inc will post $4.83 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of PM. Independence Advisors LLC bought a new position in Philip Morris International during the first quarter valued at approximately $244,000. Pure Financial Advisors Inc. raised its position in Philip Morris International by 11.6% in the first quarter. Pure Financial Advisors Inc. now owns 3,544 shares of the company’s stock valued at $400,000 after buying an additional 367 shares in the last quarter. Atlas Brown Inc. raised its position in Philip Morris International by 10.0% in the first quarter. Atlas Brown Inc. now owns 6,645 shares of the company’s stock valued at $750,000 after buying an additional 605 shares in the last quarter. Pioneer Trust Bank N A OR raised its position in Philip Morris International by 7.4% in the first quarter. Pioneer Trust Bank N A OR now owns 2,756 shares of the company’s stock valued at $311,000 after buying an additional 190 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. raised its position in Philip Morris International by 3.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 1,345,316 shares of the company’s stock valued at $151,885,000 after buying an additional 41,396 shares in the last quarter. Institutional investors and hedge funds own 72.30% of the company’s stock.

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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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