Philip Morris International Inc (NYSE:PM): Institutional Investors Are Worried

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Sentiment for Philip Morris International Inc (NYSE:PM)

Philip Morris International Inc (NYSE:PM) institutional sentiment decreased to 0.78 in Q2 2019. Its down -0.23, from 1.01 in 2019Q1. The ratio turned negative, as 438 active investment managers started new and increased holdings, while 563 cut down and sold their stakes in Philip Morris International Inc. The active investment managers in our partner’s database now possess: 1.12 billion shares, up from 1.12 billion shares in 2019Q1. Also, the number of active investment managers holding Philip Morris International Inc in their top 10 holdings decreased from 31 to 21 for a decrease of 10. Sold All: 58 Reduced: 505 Increased: 345 New Position: 93.

Philip Morris International Inc., through its subsidiaries, makes and sells cigarettes, other tobacco products, and other nicotine-containing products. The company has market cap of $113.69 billion. The Company’s portfolio of brands comprises Marlboro, Merit, Parliament, Virginia S., L&M, Philip Morris, Bond Street, Chesterfield, Lark, Muratti, Next, and Red & White. It has a 14.55 P/E ratio. The firm also owns various cigarette brands, such as Dji Sam Soe, Sampoerna, and U Mild in Indonesia; Champion, Fortune, and Jackpot in the Philippines; Apollo-Soyuz and Optima in Russia; Morven Gold in Pakistan; Boston in Colombia; Belmont, Canadian Classics, and Number 7 in Canada; f6 in Germany; Delicados in Mexico; Assos in Greece; and Petra in the Czech Republic and Slovakia.

The stock decreased 2.44% or $1.83 during the last trading session, reaching $73.07. About 8.01M shares traded or 26.26% up from the average. Philip Morris International Inc. (NYSE:PM) has declined 3.47% since September 13, 2018 and is downtrending. It has underperformed by 3.47% the S&P500.

Analysts await Philip Morris International Inc. (NYSE:PM) to report earnings on October, 17. They expect $1.37 earnings per share, down 4.86 % or $0.07 from last year’s $1.44 per share. PM’s profit will be $2.13 billion for 13.33 P/E if the $1.37 EPS becomes a reality. After $1.46 actual earnings per share reported by Philip Morris International Inc. for the previous quarter, Wall Street now forecasts -6.16 % negative EPS growth.

Cedar Rock Capital Ltd holds 17.04% of its portfolio in Philip Morris International Inc. for 9.17 million shares. Flossbach Von Storch Ag owns 16.74 million shares or 11.27% of their US portfolio. Moreover, Troy Asset Management Ltd has 7.19% invested in the company for 2.19 million shares. The United Kingdom-based Fundsmith Llp has invested 6.25% in the stock. Fayez Sarofim & Co, a Texas-based fund reported 13.86 million shares.

Since January 1, 0001, it had 1 buying transaction, and 0 selling transactions for $211,675 activity.

Philip Morris International Inc. (NYSE:PM) Ratings Coverage

Ratings analysis reveals 80% of Philip Morris’s analysts are positive. Out of 5 Wall Street analysts rating Philip Morris, 4 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $74 while the high is $102. The stock’s average target of $96.40 is 31.93% above today’s ($73.07) share price. PM was included in 13 notes of analysts from March 25, 2019. The stock of Philip Morris International Inc. (NYSE:PM) earned “Overweight” rating by Morgan Stanley on Friday, July 12. The rating was maintained by Citigroup with “Buy” on Monday, March 25. Barclays Capital upgraded the stock to “Overweight” rating in Friday, July 19 report. Barclays Capital upgraded Philip Morris International Inc. (NYSE:PM) on Thursday, May 23 to “Equal-Weight” rating. The firm has “Neutral” rating given on Friday, May 17 by Bank of America. The stock of Philip Morris International Inc. (NYSE:PM) has “Buy” rating given on Wednesday, June 19 by Wells Fargo. Morgan Stanley maintained Philip Morris International Inc. (NYSE:PM) rating on Monday, April 15. Morgan Stanley has “Overweight” rating and $94 target. On Monday, March 25 the stock rating was maintained by Bank of America with “Sell”.

More notable recent Philip Morris International Inc. (NYSE:PM) news were published by: Benzinga.com which released: “Tobacco Stocks Rebound As Trump Says ‘We Have To Do Something On Vaping’ – Benzinga” on September 11, 2019, also Ibtimes.com with their article: “It’s Not Cigarettes Bringing Altria and Philip Morris International Together Again – International Business Times” published on September 02, 2019, Nasdaq.com published: “Why I’m Still Bullish on Canopy Growth Stock for the Cannabis Long Term – Nasdaq” on August 19, 2019. More interesting news about Philip Morris International Inc. (NYSE:PM) were released by: Benzinga.com and their article: “Potential No-Premium Deal Raises Questions On Altria’s Outlook, This Analyst Moves Aside – benzinga.com” published on September 10, 2019 as well as Seekingalpha.com‘s news article titled: “Philip Morris: Time For Dividend Raise – Seeking Alpha” with publication date: September 02, 2019.

Philip Morris International Inc. (NYSE:PM) Institutional Positions Chart

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