Philip Morris International Inc. (NYSE:PM) Short interest down 23.0% in July

Philip Morris International Inc. (NYSE: PM – Get a rating) was the target of a significant drop in short interest in the month of July. As of July 15, there was short interest totaling 7,320,000 shares, a decrease of 23.0% from the June 30 total of 9,510,000 shares. Based on an average daily volume of 5,430,000 shares, the short interest ratio is currently 1.3 days. Approximately 0.5% of the company’s shares are sold short.

Performance of Philip Morris International Shares

PM traded at $1.36 on Monday, hitting $98.51. The company had a trading volume of 93,291 shares, compared to an average volume of 6,100,795. Philip Morris International has a fifty-two week low of $85.64 and a fifty-two week high of $112.48 . The stock has a market capitalization of $152.70 billion, a P/E ratio of 16.69, a P/E/G ratio of 3.84 and a beta of 0.62. The company’s fifty-day moving average is $99.31 and its 200-day moving average is $100.23.

Philip Morris International (NYSE:PM – Get a rating) last released its quarterly results on Thursday, July 21. The company reported earnings per share of $1.48 for the quarter, beating analyst consensus estimates of $1.26 by $0.22. The company posted revenue of $7.83 billion in the quarter, versus a consensus estimate of $6.76 billion. Philip Morris International had a net margin of 11.05% and a negative return on equity of 115.36%. The company’s quarterly revenue fell 0.1% year over year. In the same quarter a year earlier, the company posted EPS of $1.57. On average, sell-side analysts expect Philip Morris International to post EPS of 5.56 for the current year.

Philip Morris International dividend announcement

A d Investment trends

Potential growth multiplied by 5 by 2030? Is this little-known market about to explode?

It is used for fighter jets, mobile phones and wind turbines of our BELOVED Air Force. And soon, you’ll be hearing about it everywhere… because according to reputable intelligence reports…

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15. Shareholders of record on Friday, July 1 received a dividend of $1.25 per share. This represents a dividend of $5.00 on an annualized basis and a dividend yield of 5.08%. The ex-dividend date was Thursday, June 30. Philip Morris International’s dividend payout ratio is currently 85.91%.

Analysts set new price targets

Several analysts have published reports on the company. StockNews.com upgraded Philip Morris International from a “hold” rating to a “buy” rating in a Tuesday, July 26 research note. Morgan Stanley raised its price target on Philip Morris International from $104.00 to $112.00 and gave the company an “overweight” rating in a Friday, April 22 research note. Bank of America raised its target price on Philip Morris International from $107.00 to $117.00 in a Sunday, April 24 report. Finally, Jefferies Financial Group cut its price target on Philip Morris International from $107.00 to $99.00 in a Tuesday, July 19 report. Three research analysts gave the stock a hold rating and five gave the stock a buy rating. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $110.33.

Institutional entries and exits

A number of hedge funds have recently changed their positions in PM. Allspring Global Investments Holdings LLC acquired a new position in Philip Morris International during the fourth quarter worth approximately $49,279,000. Osborne Partners Capital Management LLC increased its stake in Philip Morris International by 8.9% during the 4th quarter. Osborne Partners Capital Management LLC now owns 2,723 shares of the company valued at $259,000 after purchasing an additional 222 shares in the last quarter. DA Davidson & CO. increased its stake in Philip Morris International by 3.2% during the 4th quarter. DA Davidson & CO. now owns 78,930 shares of the company valued at $7,493,000 after purchasing an additional 2,462 shares in the last quarter. Teamwork Financial Advisors LLC increased its stake in Philip Morris International by 401.1% during the 4th quarter. Teamwork Financial Advisors LLC now owns 12,492 shares of the company valued at $1,187,000 after purchasing an additional 9,999 shares in the last quarter. Finally, CWM LLC purchased a new equity stake in Philip Morris International during Q4 valued at approximately $1,425,000. 74.78% of the shares are currently held by institutional investors and hedge funds.

About Philip Morris International

(Get a rating)

Philip Morris International Inc operates as a tobacco company working to deliver a smoke-free future and a long-term scalable portfolio to include products outside of the tobacco and nicotine industry. The Company’s product portfolio consists primarily of cigarettes and smokeless products, including non-combustion heat, vapor and oral nicotine products that are sold in markets outside of the United States.

Recommended Stories

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Philip Morris International right now?

Before you consider Philip Morris International, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Philip Morris International was not on the list.

While Philip Morris International currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

Comments are closed.