The stock of Philip Morris International Inc. (NYSE:PM) is a huge mover today! About 1.25 million shares traded hands. Philip Morris International Inc. (NYSE:PM) has declined 0.51% since March 9, 2016 and is downtrending. It has underperformed by 7.92% the S&P500.
The move comes after 5 months positive chart setup for the $148.04 billion company. It was reported on Oct, 12 by Barchart.com. We have $139.43 PT which if reached, will make NYSE:PM worth $66.62B more.
Analysts await Philip Morris International Inc. (NYSE:PM) to report earnings on October, 20. They expect $1.20 EPS, down 3.23% or $0.04 from last year’s $1.24 per share. PM’s profit will be $1.85B for 20.03 P/E if the $1.20 EPS becomes a reality. After $1.15 actual EPS reported by Philip Morris International Inc. for the previous quarter, Wall Street now forecasts 4.35% EPS growth.
Philip Morris International Inc. (NYSE:PM) Ratings Coverage
Out of 12 analysts covering Philip Morris International (NYSE:PM), 6 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 50% are positive. Philip Morris International has been the topic of 20 analyst reports since August 24, 2015 according to StockzIntelligence Inc. Goldman Sachs maintained Philip Morris International Inc. (NYSE:PM) on Monday, October 3 with “Buy” rating. As per Wednesday, July 20, the company rating was upgraded by SBG Securities. The stock of Philip Morris International Inc. (NYSE:PM) has “Buy” rating given on Thursday, March 24 by Bank of America. JP Morgan maintained Philip Morris International Inc. (NYSE:PM) rating on Tuesday, April 19. JP Morgan has “Neutral” rating and $98 price target. On Tuesday, March 8 the stock rating was upgraded by BNP Paribas to “Outperform”. The company was initiated on Tuesday, September 13 by Citigroup. The firm has “Hold” rating given on Wednesday, October 5 by Jefferies. Nomura upgraded the shares of PM in a report on Monday, November 30 to “Neutral” rating. The stock has “Hold” rating given by Jefferies on Wednesday, September 21. JP Morgan upgraded Philip Morris International Inc. (NYSE:PM) on Friday, June 17 to “Overweight” rating.
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.”
Insitutional Activity: The institutional sentiment decreased to 0.89 in Q2 2016. Its down 0.08, from 0.97 in 2016Q1. The ratio fall, as 49 funds sold all Philip Morris International Inc. shares owned while 543 reduced positions. 80 funds bought stakes while 448 increased positions. They now own 1.08 billion shares or 2.46% less from 1.11 billion shares in 2016Q1.
1St Global Advsrs Inc holds 0.26% or 18,489 shares in its portfolio. Kempner Cap Mgmt Inc owns 3,300 shares or 0.22% of their US portfolio. Homrich Berg has 0.22% invested in the company for 23,006 shares. The North Carolina-based Altavista Wealth Management has invested 0.22% in Philip Morris International Inc. (NYSE:PM). Bollard Group Ltd Limited Liability Company holds 0.54% of its portfolio in Philip Morris International Inc. (NYSE:PM) for 77,719 shares. Bernzott Cap has 0.39% invested in the company for 19,430 shares. Doheny Asset Mngmt Ca, a California-based fund reported 7,664 shares. Banced Corporation, a Illinois-based fund reported 3,656 shares. Moreover, Brown Advisory has 0.22% invested in Philip Morris International Inc. (NYSE:PM) for 613,865 shares. Moreover, Parametric Portfolio Associates Limited has 0.61% invested in Philip Morris International Inc. (NYSE:PM) for 3.79 million shares. National Asset has invested 0.38% of its portfolio in Philip Morris International Inc. (NYSE:PM). The New York-based Community Retail Bank Na has invested 0.17% in Philip Morris International Inc. (NYSE:PM). Element Ltd Liability Corporation owns 19,443 shares or 0.3% of their US portfolio. Pettee Investors Inc reported 2,516 shares or 0.25% of all its holdings. Moreover, Chevy Chase Trust Hldg has 0.76% invested in Philip Morris International Inc. (NYSE:PM) for 1.33M shares.
Insider Transactions: Since April 25, 2016, the stock had 0 insider buys, and 1 sale for $3.23 million net activity. On Monday, April 25 the insider CAMILLERI LOUIS C sold $3.23 million.
More notable recent Philip Morris International Inc. (NYSE:PM) news were published by: Fool.com which released: “Philip Morris International’s Future in the Cigarette Market” on October 12, 2016, also Businesswire.com with their article: “Philip Morris International Inc. to Host Webcast of 2016 Third-Quarter Results” published on October 11, 2016, Fool.com published: “Philip Morris International, Inc. in 3 Charts” on September 21, 2016. More interesting news about Philip Morris International Inc. (NYSE:PM) were released by: Fool.com and their article: “The Most Important Things Philip Morris International Just Told Investors” published on October 03, 2016 as well as Fool.com‘s news article titled: “Philip Morris International Takes a Big Step Forward” with publication date: September 28, 2016.
PM Company Profile
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.
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