November 24, 2016 - By Linda Rogers · 0 Comments
Philip Morris International Inc (NYSE:PM) institutional sentiment increased to 1.03 in 2016 Q2. Its up 0.14, from 0.89 in 2016Q1. The ratio has improved, as 528 investment professionals increased or started new positions, while 592 sold and decreased positions in Philip Morris International Inc. The investment professionals in our partner’s database now hold: 1.08 billion shares, down from 1.11 billion shares in 2016Q1. Also, the number of investment professionals holding Philip Morris International Inc in their top 10 positions was flat from 85 to 85 for the same number . Sold All: 49 Reduced: 543 Increased: 448 New Position: 80.
Philip Morris International Inc. is a holding firm engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. The company has a market cap of $138.48 billion. The Company’s products are sold in over 180 markets. It has a 21.25 P/E ratio. The Company’s divisions include European Union; Eastern Europe, Middle East & Africa; Asia, and Latin America & Canada.
The stock decreased 1.23% or $1.11 on November 23, hitting $88.89. About 4.97 million shares traded hands. Philip Morris International Inc. (NYSE:PM) has declined 8.29% since April 22, 2016 and is downtrending. It has underperformed by 13.69% the S&P500.
Analysts await Philip Morris International Inc. (NYSE:PM) to report earnings on February, 2. They expect $1.14 EPS, up 40.74% or $0.33 from last year’s $0.81 per share. PM’s profit will be $1.78 billion for 19.49 P/E if the $1.14 EPS becomes a reality. After $1.25 actual EPS reported by Philip Morris International Inc. for the previous quarter, Wall Street now forecasts -8.80% negative EPS growth.
According to Zacks Investment Research, “Philip Morris International is the leading international tobacco company, with products sold in over 160 countries. They own 7 of the top 15 brands in the world and have a strong mix of international and local products that seek to appeal to a wide array of adult smokers.”
Everest Capital Llc holds 49.48% of its portfolio in Philip Morris International Inc. for 20,000 shares. Cedar Rock Capital Ltd owns 11.87 million shares or 28.77% of their US portfolio. Moreover, Troy Asset Management Ltd has 11.76% invested in the company for 2.17 million shares. The Texas-based Fayez Sarofim & Co has invested 9.43% in the stock. Gardner Russo & Gardner Llc, a Pennsylvania-based fund reported 10.49 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 2 insider buys, and 0 selling transactions for $266,650 net activity.
Ratings analysis reveals 54% of Philip Morris International’s analysts are positive. Out of 13 Wall Street analysts rating Philip Morris International, 7 give it “Buy”, 0 “Sell” rating, while 6 recommend “Hold”. The lowest target is $80 while the high is $116. The stock’s average target of $96.76 is 8.85% above today’s ($88.89) share price. PM was included in 21 notes of analysts from August 24, 2015. The firm has “Overweight” rating by JP Morgan given on Friday, June 17. The rating was upgraded by BNP Paribas on Tuesday, March 8 to “Outperform”. The firm has “Neutral” rating by JP Morgan given on Tuesday, April 19. On Thursday, March 24 the stock rating was upgraded by Bank of America to “Buy”. Goldman Sachs maintained the shares of PM in a report on Wednesday, April 20 with “Neutral” rating. The stock of Philip Morris International Inc. (NYSE:PM) has “Neutral” rating given on Tuesday, September 13 by Citigroup. The firm earned “Hold” rating on Wednesday, July 20 by SBG Securities. Nomura upgraded the shares of PM in a report on Monday, November 30 to “Neutral” rating. Jefferies initiated the stock with “Hold” rating in Wednesday, September 21 report. CLSA upgraded the shares of PM in a report on Monday, November 14 to “Buy” rating.
Philip Morris International Inc., incorporated on January 4, 2007, is a holding firm engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. The Company’s products are sold in over 180 markets. The Company’s divisions include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada. The Company’s premium price brands include Marlboro, Merit, Parliament and Virginia Slims; mid-price brands include L&M and Philip Morris, and other international brands include Bond Street, Chesterfield, Lark, Muratti, Next and Red & White. The Company’s local cigarette brands consist of Dji Sam Soe, Sampoerna and U Mild in Indonesia; Champion, Fortune and Hope in the Philippines; Apollo-Soyuzand Optima in Russia; Morven Gold in Pakistan; Boston in Colombia, Belmont, Canadian Classics and Number 7 in Canada; Best in Serbia; f6 in Germany; Delicados in Mexico; Assos in Greece, and Petra in the Czech Republic and Slovakia.
More notable recent Philip Morris International Inc. (NYSE:PM) news were published by: Fool.com which released: “Better Buy: Philip Morris International, Inc. vs. PepsiCo” on October 26, 2016, also Forbes.com with their article: “Philip Morris International is Now Oversold (PM)” published on November 10, 2016, Businesswire.com published: “Philip Morris International Inc. Presents at the Morgan Stanley Global …” on November 16, 2016. More interesting news about Philip Morris International Inc. (NYSE:PM) were released by: Fool.com and their article: “Why Japan Is Philip Morris International’s New Battleground” published on November 11, 2016 as well as Forbes.com‘s news article titled: “January 2019 Options Now Available For Philip Morris International (PM)” with publication date: November 14, 2016.
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By Linda Rogers